LDR Capital Management LLC bought a new position in Spirit Realty Capital, Inc (NYSE:SRC) during the fourth quarter, Holdings Channel reports. The fund bought 310,314 shares of the real estate investment trust’s stock, valued at approximately $2,662,000. Spirit Realty Capital comprises about 2.4% of LDR Capital Management LLC’s holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Long Pond Capital LP grew its holdings in shares of Spirit Realty Capital by 101.0% in the 3rd quarter. Long Pond Capital LP now owns 14,989,473 shares of the real estate investment trust’s stock worth $128,460,000 after acquiring an additional 7,530,599 shares during the last quarter. Monarch Alternative Capital LP grew its holdings in shares of Spirit Realty Capital by 19.2% in the 3rd quarter. Monarch Alternative Capital LP now owns 11,730,897 shares of the real estate investment trust’s stock worth $100,534,000 after acquiring an additional 1,891,100 shares during the last quarter. State Street Corp grew its holdings in shares of Spirit Realty Capital by 2.4% in the 2nd quarter. State Street Corp now owns 9,684,420 shares of the real estate investment trust’s stock worth $71,759,000 after acquiring an additional 223,928 shares during the last quarter. Gruss Capital Management LP grew its holdings in shares of Spirit Realty Capital by 56.1% in the 3rd quarter. Gruss Capital Management LP now owns 7,375,000 shares of the real estate investment trust’s stock worth $63,204,000 after acquiring an additional 2,650,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Spirit Realty Capital by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,298,760 shares of the real estate investment trust’s stock worth $62,548,000 after acquiring an additional 366,545 shares during the last quarter. Institutional investors and hedge funds own 92.65% of the company’s stock.

SRC has been the topic of a number of recent research reports. Deutsche Bank restated a “buy” rating and issued a $11.00 target price on shares of Spirit Realty Capital in a report on Friday, October 20th. Zacks Investment Research cut Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Robert W. Baird cut Spirit Realty Capital from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $9.00 in a report on Friday, November 10th. ValuEngine cut Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Mizuho restated a “buy” rating and issued a $9.50 target price on shares of Spirit Realty Capital in a report on Thursday, December 21st. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.50.

Shares of Spirit Realty Capital, Inc (NYSE:SRC) opened at $7.59 on Friday. The company has a market capitalization of $3,460.26, a price-to-earnings ratio of 8.93 and a beta of 0.43. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.19. Spirit Realty Capital, Inc has a 12-month low of $6.64 and a 12-month high of $11.11.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.72 annualized dividend and a dividend yield of 9.49%. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 800.00%.

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About Spirit Realty Capital

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.

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Institutional Ownership by Quarter for Spirit Realty Capital (NYSE:SRC)

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