New York State Teachers Retirement System bought a new position in Spirit Realty Capital Inc (NYSE:SRC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,600 shares of the real estate investment trust’s stock, valued at approximately $326,000.

A number of other institutional investors have also recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Spirit Realty Capital by 9.7% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 73,039 shares of the real estate investment trust’s stock valued at $567,000 after acquiring an additional 6,449 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Spirit Realty Capital by 14.8% during the first quarter. Daiwa Securities Group Inc. now owns 58,300 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 7,500 shares in the last quarter. Quantitative Systematic Strategies LLC increased its holdings in shares of Spirit Realty Capital by 13.3% during the first quarter. Quantitative Systematic Strategies LLC now owns 72,344 shares of the real estate investment trust’s stock valued at $561,000 after acquiring an additional 8,493 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Spirit Realty Capital by 12.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 84,820 shares of the real estate investment trust’s stock valued at $658,000 after acquiring an additional 9,562 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its holdings in shares of Spirit Realty Capital by 12.2% during the first quarter. Keeley Teton Advisors LLC now owns 94,202 shares of the real estate investment trust’s stock valued at $731,000 after acquiring an additional 10,280 shares in the last quarter. Institutional investors and hedge funds own 93.07% of the company’s stock.

SRC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Wednesday, May 9th. BTIG Research downgraded shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a report on Thursday, June 21st. ValuEngine downgraded shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. JPMorgan Chase & Co. cut their price objective on shares of Spirit Realty Capital from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, April 24th. Finally, TheStreet upgraded shares of Spirit Realty Capital from a “c” rating to a “b-” rating in a report on Wednesday, August 8th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.08.

Shares of NYSE SRC opened at $8.38 on Tuesday. The company has a market capitalization of $3.63 billion, a P/E ratio of 9.86 and a beta of 0.47. Spirit Realty Capital Inc has a 52 week low of $7.34 and a 52 week high of $8.84. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 0.53.

Spirit Realty Capital Profile

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease real estate investment trust (REIT) that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial and office properties providing superior risk adjusted returns and steady dividend growth for our stockholders.

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

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