US Bancorp DE Sells 960 Shares of Spirit Realty Capital, Inc. (NYSE:SRC)

US Bancorp DE decreased its position in Spirit Realty Capital, Inc. (NYSE:SRCGet Rating) by 8.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,915 shares of the real estate investment trust’s stock after selling 960 shares during the quarter. US Bancorp DE’s holdings in Spirit Realty Capital were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SRC. CoreCap Advisors LLC bought a new position in Spirit Realty Capital in the second quarter valued at about $28,000. First Personal Financial Services bought a new position in Spirit Realty Capital in the third quarter valued at about $37,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Spirit Realty Capital in the third quarter valued at about $43,000. Parallel Advisors LLC lifted its holdings in Spirit Realty Capital by 24.5% in the second quarter. Parallel Advisors LLC now owns 1,230 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 242 shares during the period. Finally, Covestor Ltd lifted its holdings in Spirit Realty Capital by 255.6% in the first quarter. Covestor Ltd now owns 1,330 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 956 shares during the period. Institutional investors own 93.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SRC. Truist Financial lowered their target price on Spirit Realty Capital from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, December 2nd. Raymond James downgraded Spirit Realty Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. StockNews.com started coverage on Spirit Realty Capital in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Mizuho raised their price objective on Spirit Realty Capital from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, December 8th. Finally, Oppenheimer started coverage on Spirit Realty Capital in a research note on Wednesday, October 19th. They issued a “market perform” rating and a $37.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.78.

Spirit Realty Capital Stock Performance

NYSE:SRC opened at $41.37 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.81. Spirit Realty Capital, Inc. has a 12-month low of $34.31 and a 12-month high of $48.24. The stock has a 50-day moving average price of $40.97 and a 200 day moving average price of $40.40. The stock has a market capitalization of $5.78 billion, a P/E ratio of 21.77, a P/E/G ratio of 6.17 and a beta of 1.22.

Spirit Realty Capital (NYSE:SRCGet Rating) last released its earnings results on Tuesday, November 8th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.32). Spirit Realty Capital had a return on equity of 6.16% and a net margin of 37.70%. The business had revenue of $180.30 million for the quarter, compared to analysts’ expectations of $179.54 million. Equities research analysts forecast that Spirit Realty Capital, Inc. will post 3.44 EPS for the current fiscal year.

Spirit Realty Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a dividend of $0.663 per share. This represents a $2.65 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend was Thursday, December 29th. Spirit Realty Capital’s dividend payout ratio is presently 139.47%.

Insider Buying and Selling at Spirit Realty Capital

In other news, Director Richard I. Gilchrist purchased 6,000 shares of the business’s stock in a transaction on Thursday, December 1st. The stock was acquired at an average price of $41.91 per share, for a total transaction of $251,460.00. Following the acquisition, the director now directly owns 44,409 shares of the company’s stock, valued at approximately $1,861,181.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is currently owned by company insiders.

Spirit Realty Capital Company Profile

(Get Rating)

Spirit Realty Capital, Inc operates as a holding company. Its in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting and capital markets. The company was founded on August 14, 2003, and is headquartered in Dallas, TX.

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

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