Teacher Retirement System of Texas increased its stake in Spirit Realty Capital, Inc. (NYSE:SRC) by 40.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 699,613 shares of the real estate investment trust’s stock after buying an additional 203,067 shares during the period. Teacher Retirement System of Texas’ holdings in Spirit Realty Capital were worth $5,184,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Spirit Realty Capital by 15.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,800,567 shares of the real estate investment trust’s stock valued at $13,343,000 after buying an additional 246,170 shares in the last quarter. HGI Capital Management LLC bought a new stake in shares of Spirit Realty Capital during the second quarter valued at $2,012,000. Canada Pension Plan Investment Board increased its stake in shares of Spirit Realty Capital by 104.6% in the second quarter. Canada Pension Plan Investment Board now owns 165,900 shares of the real estate investment trust’s stock valued at $1,229,000 after buying an additional 84,800 shares in the last quarter. Blue Sky Asset Management LLC bought a new stake in shares of Spirit Realty Capital during the second quarter valued at $507,000. Finally, New England Investment & Retirement Group Inc. bought a new stake in shares of Spirit Realty Capital during the second quarter valued at $100,000.

Spirit Realty Capital, Inc. (SRC) opened at 8.48 on Wednesday. The stock has a market cap of $3.89 billion, a PE ratio of 64.24 and a beta of 0.55. Spirit Realty Capital, Inc. has a 12 month low of $6.64 and a 12 month high of $13.95. The stock has a 50 day moving average price of $7.85 and a 200-day moving average price of $8.94.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. Spirit Realty Capital had a return on equity of 1.74% and a net margin of 9.47%. The company had revenue of $168.65 million during the quarter, compared to analyst estimates of $163.19 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts expect that Spirit Realty Capital, Inc. will post $0.22 EPS for the current year.

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Several research analysts have issued reports on the company. Zacks Investment Research cut Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Tuesday. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Spirit Realty Capital in a research report on Friday, August 4th. Royal Bank Of Canada increased their price objective on Spirit Realty Capital from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, August 4th. BidaskClub upgraded Spirit Realty Capital from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Mizuho upgraded Spirit Realty Capital from an “underperform” rating to a “neutral” rating and set a $7.50 price objective for the company in a research report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $10.67.

In other Spirit Realty Capital news, EVP Boyd Messmann purchased 10,000 shares of Spirit Realty Capital stock in a transaction on Wednesday, May 24th. The stock was bought at an average price of $7.19 per share, for a total transaction of $71,900.00. Following the transaction, the executive vice president now owns 73,656 shares of the company’s stock, valued at approximately $529,586.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Todd A. Dunn purchased 14,000 shares of Spirit Realty Capital stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $8.49 per share, with a total value of $118,860.00. Following the transaction, the director now directly owns 64,560 shares in the company, valued at approximately $548,114.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 68,497 shares of company stock valued at $528,508 in the last quarter. 0.50% of the stock is currently owned by insiders.

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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