Stratos Wealth Partners LTD. Has $152,000 Position in Spirit Realty Capital, Inc. (NYSE:SRC)
Stratos Wealth Partners LTD. held its stake in Spirit Realty Capital, Inc. (NYSE:SRC) during the second quarter, according to its most recent filing with the SEC. The fund owned 20,478 shares of the real estate investment trust’s stock at the end of the second quarter. Stratos Wealth Partners LTD.’s holdings in Spirit Realty Capital were worth $152,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of SRC. Prudential Financial Inc. boosted its stake in Spirit Realty Capital by 3,886.7% in the first quarter. Prudential Financial Inc. now owns 7,934,149 shares of the real estate investment trust’s stock valued at $80,373,000 after buying an additional 7,735,135 shares during the period. Nuveen Asset Management LLC boosted its stake in Spirit Realty Capital by 177.9% in the first quarter. Nuveen Asset Management LLC now owns 5,056,051 shares of the real estate investment trust’s stock valued at $51,218,000 after buying an additional 3,236,793 shares during the period. Weiss Multi Strategy Advisers LLC purchased a new stake in Spirit Realty Capital during the first quarter valued at $25,325,000. KRV Capital LP purchased a new stake in Spirit Realty Capital during the first quarter valued at $24,059,000. Finally, Vanguard Group Inc. boosted its stake in Spirit Realty Capital by 2.6% in the first quarter. Vanguard Group Inc. now owns 76,711,434 shares of the real estate investment trust’s stock valued at $777,087,000 after buying an additional 1,910,294 shares during the period. Institutional investors own 93.75% of the company’s stock.
Shares of Spirit Realty Capital, Inc. (SRC) opened at 8.26 on Friday. The firm has a 50-day moving average of $7.81 and a 200-day moving average of $8.99. Spirit Realty Capital, Inc. has a 12-month low of $6.64 and a 12-month high of $13.95. The firm has a market capitalization of $3.79 billion, a PE ratio of 62.58 and a beta of 0.55.
Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Spirit Realty Capital had a net margin of 9.47% and a return on equity of 1.74%. The business had revenue of $168.65 million during the quarter, compared to analyst estimates of $163.19 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts anticipate that Spirit Realty Capital, Inc. will post $0.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.18 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.72 annualized dividend and a yield of 8.72%. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 514.29%.
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Several equities research analysts have recently weighed in on SRC shares. J P Morgan Chase & Co cut shares of Spirit Realty Capital from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $9.00 in a research report on Thursday, May 4th. Capital One Financial Corporation cut shares of Spirit Realty Capital from an “equal weight” rating to an “underweight” rating in a research report on Thursday, May 4th. Ladenburg Thalmann Financial Services cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a report on Thursday, May 4th. Deutsche Bank AG restated a “buy” rating and issued a $10.00 price target (down from $14.00) on shares of Spirit Realty Capital in a report on Friday, May 5th. Finally, BidaskClub upgraded shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.67.
In related news, CFO Phillip D. Joseph, Jr. acquired 6,700 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was acquired at an average cost of $7.47 per share, for a total transaction of $50,049.00. Following the acquisition, the chief financial officer now owns 134,868 shares of the company’s stock, valued at $1,007,463.96. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Boyd Messmann acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was bought at an average price of $7.19 per share, with a total value of $71,900.00. Following the completion of the acquisition, the executive vice president now directly owns 73,656 shares in the company, valued at approximately $529,586.64. The disclosure for this purchase can be found here. Insiders acquired a total of 67,497 shares of company stock valued at $520,238 over the last 90 days. Company insiders own 0.50% of the company’s stock.
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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