Public Employees Retirement System of Ohio cut its holdings in Spirit Realty Capital, Inc. (NYSE:SRC) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 222,044 shares of the real estate investment trust’s stock after selling 3,855 shares during the period. Public Employees Retirement System of Ohio’s holdings in Spirit Realty Capital were worth $1,645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Koch Industries Inc. acquired a new position in Spirit Realty Capital in the 2nd quarter valued at $188,000. Raymond James Financial Services Advisors Inc. raised its holdings in Spirit Realty Capital by 2.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 86,341 shares of the real estate investment trust’s stock valued at $640,000 after acquiring an additional 1,930 shares during the last quarter. Alta Fundamental Advisers LLC acquired a new position in Spirit Realty Capital in the 2nd quarter valued at $1,112,000. Cubist Systematic Strategies LLC raised its holdings in Spirit Realty Capital by 45.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 38,527 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 12,070 shares during the last quarter. Finally, State Street Corp raised its holdings in 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 valued at $71,759,000 after acquiring an additional 223,928 shares during the last quarter. Institutional investors own 94.52% of the company’s stock.

In other Spirit Realty Capital news, Director Todd A. Dunn purchased 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $8.49 per share, with a total value of $118,860.00. Following the transaction, the director now owns 64,560 shares in the company, valued at $548,114.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Phillip D. Joseph, Jr. purchased 6,061 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $8.25 per share, with a total value of $50,003.25. Following the completion of the transaction, the chief financial officer now owns 138,504 shares in the company, valued at approximately $1,142,658. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 21,061 shares of company stock valued at $177,133. 0.50% of the stock is owned by corporate insiders.

Shares of Spirit Realty Capital, Inc. (SRC) opened at $8.50 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $3,875.13, a price-to-earnings ratio of 10.00 and a beta of 0.56.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a yield of 8.47%. Spirit Realty Capital’s dividend payout ratio (DPR) is 800.00%.

Spirit Realty Capital declared that its board has authorized a share repurchase plan on Monday, August 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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Several brokerages have recently issued reports on SRC. ValuEngine cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. SunTrust Banks, Inc. reissued a “hold” rating and set a $8.50 price objective on shares of Spirit Realty Capital in a research note on Friday. BidaskClub raised shares of Spirit Realty Capital from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Finally, Bank of America Corporation raised shares of Spirit Realty Capital from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $6.50 to $9.75 in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.85.

Spirit Realty Capital Company Profile

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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