Sii Investments Inc. WI cut its position in shares of Spirit Realty Capital, Inc. (NYSE:SRC) by 44.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,127 shares of the real estate investment trust’s stock after selling 12,268 shares during the period. Sii Investments Inc. WI’s holdings in Spirit Realty Capital were worth $163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRC. Tower Research Capital LLC TRC raised its position in Spirit Realty Capital by 2,571.3% in the third quarter. Tower Research Capital LLC TRC now owns 8,014 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 7,714 shares in the last quarter. New England Investment & Retirement Group Inc. acquired a new position in Spirit Realty Capital during the second quarter worth approximately $139,000. Bellwether Investment Group LLC acquired a new position in Spirit Realty Capital during the second quarter worth approximately $143,000. FormulaFolio Investments LLC acquired a new position in Spirit Realty Capital during the third quarter worth approximately $157,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Spirit Realty Capital during the third quarter worth approximately $164,000. Institutional investors own 96.54% of the company’s stock.

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

Shares of Spirit Realty Capital, Inc. (NYSE:SRC) traded down 0.09% during mid-day trading on Friday, hitting $10.76. 1,606,684 shares of the stock traded hands. The stock has a market cap of $5.20 billion, a P/E ratio of 48.25 and a beta of 0.52. The firm’s 50 day moving average price is $10.80 and its 200-day moving average price is $11.84. Spirit Realty Capital, Inc. has a 12-month low of $10.20 and a 12-month high of $13.97.

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A number of research analysts have commented on SRC shares. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Tuesday. Mizuho lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $10.50 price objective on the stock. in a research note on Friday, December 16th. Robert W. Baird upgraded shares of Spirit Realty Capital from a “neutral” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Monday, November 21st. FBR & Co started coverage on shares of Spirit Realty Capital in a research note on Wednesday, January 4th. They issued an “outperform” rating and a $13.00 price objective on the stock. Finally, J P Morgan Chase & Co started coverage on shares of Spirit Realty Capital in a research note on Friday, December 16th. They issued an “overweight” rating and a $13.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. Spirit Realty Capital 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 stock in a transaction on 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 approximately $8,802,861.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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

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