Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Spirit Realty Capital (NYSE:SRC) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 447,075 shares of the real estate investment trust’s stock after acquiring an additional 19,505 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of Spirit Realty Capital worth $3,469,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Centaurus Financial Inc. acquired a new stake in Spirit Realty Capital during the 4th quarter worth approximately $101,000. Brown Advisory Inc. acquired a new stake in shares of Spirit Realty Capital in the 4th quarter valued at approximately $126,000. Ffcm LLC lifted its holdings in shares of Spirit Realty Capital by 214.0% in the 4th quarter. Ffcm LLC now owns 15,761 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 10,741 shares during the period. Ibex Wealth Advisors acquired a new stake in shares of Spirit Realty Capital in the 4th quarter valued at approximately $164,000. Finally, Lourd Capital LLC acquired a new stake in shares of Spirit Realty Capital in the 4th quarter valued at approximately $206,000. 97.79% of the stock is owned by institutional investors.
SRC has been the subject of several recent analyst reports. Zacks Investment Research raised Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Wednesday, May 9th. B. Riley reissued a “buy” rating on shares of Spirit Realty Capital in a report on Thursday, February 22nd. SunTrust Banks raised Spirit Realty Capital from a “hold” rating to a “buy” rating in a report on Monday, January 22nd. Capital One raised Spirit Realty Capital from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley reduced their price target on Spirit Realty Capital from $8.75 to $8.25 and set an “equal weight” rating for the company in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.08.
Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $165.30 million during the quarter, compared to the consensus estimate of $165.12 million. Spirit Realty Capital had a return on equity of 3.53% and a net margin of 14.21%. Spirit Realty Capital’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. equities research analysts expect that Spirit Realty Capital will post 0.82 EPS for the current fiscal year.
In other Spirit Realty Capital news, Director Richard I. Gilchrist acquired 7,500 shares of the stock in a transaction dated Thursday, March 15th. The stock was acquired at an average price of $8.00 per share, with a total value of $60,000.00. Following the completion of the transaction, the director now directly owns 67,929 shares in the company, valued at $543,432. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas D. Senkbeil acquired 25,200 shares of the stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average cost of $7.93 per share, with a total value of $199,836.00. Following the transaction, the director now owns 67,052 shares of the company’s stock, valued at $531,722.36. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.
Spirit Realty Capital Company Profile
Spirit Realty Capital, Inc (NYSE:SRC) is a premier net lease real estate investment trust (REIT) that primarily invests in high-quality, operationally essential retail real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial and office properties providing superior risk adjusted returns and steady dividend growth for our shareholders.
Want to see what other hedge funds are holding SRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit Realty Capital (NYSE:SRC).
Receive News & Ratings for Spirit Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.