Walleye Capital LLC Has $848,000 Stake in Spirit Realty Capital, Inc. (NYSE:SRC)

Walleye Capital LLC boosted its holdings in Spirit Realty Capital, Inc. (NYSE:SRCGet Rating) by 34.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,433 shares of the real estate investment trust’s stock after purchasing an additional 4,767 shares during the quarter. Walleye Capital LLC’s holdings in Spirit Realty Capital were worth $848,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Cohen & Steers Inc. raised its holdings in shares of Spirit Realty Capital by 31.6% in the 1st quarter. Cohen & Steers Inc. now owns 14,531,764 shares of the real estate investment trust’s stock worth $668,837,000 after acquiring an additional 3,488,783 shares during the last quarter. State Street Corp lifted its holdings in shares of Spirit Realty Capital by 18.9% in the first quarter. State Street Corp now owns 7,032,313 shares of the real estate investment trust’s stock valued at $327,982,000 after purchasing an additional 1,119,230 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Spirit Realty Capital during the first quarter valued at approximately $39,698,000. Vanguard Group Inc. grew its holdings in Spirit Realty Capital by 3.3% during the first quarter. Vanguard Group Inc. now owns 18,866,824 shares of the real estate investment trust’s stock worth $868,251,000 after buying an additional 595,068 shares in the last quarter. Finally, Invesco Ltd. raised its position in Spirit Realty Capital by 101.3% in the 1st quarter. Invesco Ltd. now owns 964,977 shares of the real estate investment trust’s stock valued at $44,409,000 after buying an additional 485,579 shares during the last quarter. Institutional investors and hedge funds own 96.37% of the company’s stock.

Spirit Realty Capital Trading Up 1.0 %

Shares of SRC stock opened at $42.55 on Tuesday. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 6.95 and a beta of 1.26. The company’s fifty day simple moving average is $42.24 and its two-hundred day simple moving average is $42.56. Spirit Realty Capital, Inc. has a 1 year low of $35.79 and a 1 year high of $50.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.15 and a quick ratio of 0.15.

Spirit Realty Capital (NYSE:SRCGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.25). The company had revenue of $173.56 million for the quarter, compared to analysts’ expectations of $172.40 million. Spirit Realty Capital had a return on equity of 5.52% and a net margin of 33.97%. As a group, analysts anticipate that Spirit Realty Capital, Inc. will post 3.45 earnings per share for the current year.

Spirit Realty Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.663 dividend. This represents a $2.65 annualized dividend and a yield of 6.23%. This is an increase from Spirit Realty Capital’s previous quarterly dividend of $0.64. The ex-dividend date is Thursday, September 29th. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 151.79%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SRC. UBS Group reduced their target price on shares of Spirit Realty Capital from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, July 25th. Morgan Stanley cut their target price on Spirit Realty Capital from $50.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 12th. Jefferies Financial Group decreased their price target on Spirit Realty Capital from $44.00 to $40.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. Raymond James cut their price objective on Spirit Realty Capital from $48.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, July 8th. Finally, Truist Financial decreased their target price on Spirit Realty Capital from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.44.

Spirit Realty Capital Profile

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Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.

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

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