Virtu KCG Holdings LLC boosted its holdings in Spirit Realty Capital, Inc. (NYSE:SRC) by 64.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,664 shares of the real estate investment trust’s stock after purchasing an additional 47,859 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Spirit Realty Capital were worth $902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of 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 in the last quarter. Lasalle Investment Management Securities LLC raised its holdings in shares of Spirit Realty Capital by 52.2% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 22,481,416 shares of the real estate investment trust’s stock worth $166,587,000 after acquiring an additional 7,707,615 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Spirit Realty Capital by 4.5% in the 2nd quarter. Principal Financial Group Inc. now owns 16,684,319 shares of the real estate investment trust’s stock worth $123,630,000 after acquiring an additional 715,603 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Spirit Realty Capital by 55.5% in the 2nd quarter. Prudential Financial Inc. now owns 12,337,803 shares of the real estate investment trust’s stock worth $91,423,000 after acquiring an additional 4,403,654 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Spirit Realty Capital by 2.7% in the 1st quarter. State Street Corp now owns 9,460,492 shares of the real estate investment trust’s stock worth $95,831,000 after acquiring an additional 248,781 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

In other Spirit Realty Capital news, CFO Phillip D. Joseph, Jr. bought 3,636 shares of Spirit Realty Capital stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $8.25 per share, with a total value of $29,997.00. Following the acquisition, the chief financial officer now owns 138,504 shares in the company, valued at $1,142,658. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Todd A. Dunn bought 14,000 shares of Spirit Realty Capital stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $8.49 per share, with a total value of $118,860.00. Following the acquisition, the director now owns 64,560 shares in the company, valued at approximately $548,114.40. The disclosure for this purchase can be found here. Insiders purchased a total of 24,697 shares of company stock worth $207,130 over the last ninety days. 0.50% of the stock is currently owned by insiders.

SRC has been the subject of a number of analyst reports. Mizuho upgraded Spirit Realty Capital from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.50 to $9.00 in a research note on Thursday, August 31st. BidaskClub raised Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine downgraded Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Bank of America Corporation raised Spirit Realty Capital from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $6.50 to $9.75 in a research note on Wednesday, August 16th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Spirit Realty Capital in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.92.

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Shares of Spirit Realty Capital, Inc. (SRC) opened at 8.59 on Tuesday. The company’s 50 day moving average price is $8.56 and its 200-day moving average price is $8.45. Spirit Realty Capital, Inc. has a 12 month low of $6.64 and a 12 month high of $13.12. The stock has a market capitalization of $3.94 billion, a P/E ratio of 65.08 and a beta of 0.53.

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 for the quarter, beating 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 company had revenue of $168.65 million during the quarter, compared to the consensus estimate of $163.19 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that Spirit Realty Capital, Inc. will post $0.21 earnings per share for the current year.

Spirit Realty Capital announced that its board has approved a stock repurchase plan on Monday, August 14th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.18 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.72 annualized dividend and a yield of 8.38%. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 514.29%.

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.

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

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