Spirit Realty Capital, Inc. (SRC) Stake Held by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America held its position in shares of Spirit Realty Capital, Inc. (NYSE:SRC) during the third quarter, Holdings Channel reports. The fund owned 492,268 shares of the real estate investment trust’s stock at the end of the third quarter. Teachers Insurance & Annuity Association of America owned 0.10% of Spirit Realty Capital worth $6,562,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SRC. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Spirit Realty Capital by 12.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,724,664 shares of the real estate investment trust’s stock worth $22,023,000 after buying an additional 195,110 shares in the last quarter. Chicago Equity Partners LLC bought a new position in shares of Spirit Realty Capital during the second quarter worth $786,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Spirit Realty Capital by 7.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 348,292 shares of the real estate investment trust’s stock worth $4,448,000 after buying an additional 25,627 shares in the last quarter. New England Investment & Retirement Group Inc. bought a new position in shares of Spirit Realty Capital during the second quarter worth $139,000. Finally, BRC Investment Management LLC bought a new position in shares of Spirit Realty Capital during the second quarter worth $730,000. 96.25% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Spirit Realty Capital, Inc. (NYSE:SRC) opened at 10.85 on Friday. The stock’s 50 day moving average is $10.78 and its 200-day moving average is $11.92. The firm has a market cap of $5.25 billion, a P/E ratio of 48.65 and a beta of 0.52. Spirit Realty Capital, Inc. has a one year low of $10.20 and a one year high of $13.97.

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.64%. This is a positive change from Spirit Realty Capital’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, December 28th. Spirit Realty Capital’s payout ratio is 288.00%.

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A number of research analysts recently weighed in on SRC shares. Zacks Investment Research lowered shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. Robert W. Baird raised shares of Spirit Realty Capital from a “neutral” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Monday, November 21st. Bank of America Corporation lowered shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating in a research note on Monday, December 5th. Mizuho lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $10.50 price target on the stock. in a research note on Friday, December 16th. Finally, J P Morgan Chase & Co initiated coverage on shares of Spirit Realty Capital in a research note on Friday, December 16th. They issued an “overweight” rating and a $13.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $13.60.

In other Spirit Realty Capital news, CEO Thomas H. Nolan, Jr. sold 15,000 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $10.44, for a total transaction of $156,600.00. Following the transaction, the chief executive officer now directly owns 843,186 shares in the company, valued at $8,802,861.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jackson Hsieh bought 9,500 shares of the stock in a transaction on Tuesday, November 15th. The shares were bought at an average price of $10.62 per share, for a total transaction of $100,890.00. Following the completion of the transaction, the insider now directly owns 430,970 shares of the company’s stock, valued at approximately $4,576,901.40. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

Spirit Realty Capital Company Profile

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.

5 Day Chart for NYSE:SRC

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, Inc. (NYSE:SRC).

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