Fmr LLC cut its position in Spirit Realty Capital, Inc. (NYSE:SRC) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,140,241 shares of the real estate investment trust’s stock after selling 405,276 shares during the period. Fmr LLC owned approximately 4.37% of Spirit Realty Capital worth $214,151,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SRC. A.R.T. Advisors LLC increased its position in Spirit Realty Capital by 255.0% in the fourth quarter. A.R.T. Advisors LLC now owns 134,900 shares of the real estate investment trust’s stock worth $1,465,000 after buying an additional 96,900 shares during the last quarter. Renaissance Technologies LLC increased its position in Spirit Realty Capital by 11.3% in the fourth quarter. Renaissance Technologies LLC now owns 3,188,800 shares of the real estate investment trust’s stock worth $34,630,000 after buying an additional 324,400 shares during the last quarter. First Allied Advisory Services Inc. increased its position in Spirit Realty Capital by 5.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 35,849 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 1,935 shares during the last quarter. Credit Agricole S A increased its position in Spirit Realty Capital by 25.7% in the fourth quarter. Credit Agricole S A now owns 319,748 shares of the real estate investment trust’s stock worth $3,472,000 after buying an additional 65,367 shares during the last quarter. Finally, Gideon Capital Advisors Inc. increased its position in Spirit Realty Capital by 91.9% in the fourth quarter. Gideon Capital Advisors Inc. now owns 20,083 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 9,620 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

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

Shares of Spirit Realty Capital, Inc. (SRC) traded up 0.13% during trading on Friday, hitting $7.76. 9,021,280 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $7.59 and a 200-day moving average price of $9.82. The stock has a market cap of $3.76 billion, a P/E ratio of 43.11 and a beta of 0.54. Spirit Realty Capital, Inc. has a one year low of $6.64 and a one year high of $13.97.

Spirit Realty Capital (NYSE:SRC) last posted its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by $0.02. Spirit Realty Capital had a net margin of 13.28% and a return on equity of 2.10%. The business had revenue of $163.19 million during the quarter, compared to the consensus estimate of $169.84 million. Equities research analysts expect that Spirit Realty Capital, Inc. will post $0.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.72 annualized dividend and a dividend yield of 9.28%. Spirit Realty Capital’s dividend payout ratio is currently 378.97%.

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A number of research firms recently issued reports on SRC. Zacks Investment Research raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Friday, March 3rd. TheStreet downgraded shares of Spirit Realty Capital from a “b-” rating to a “c+” rating in a research note on Wednesday, March 15th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Spirit Realty Capital in a research note on Tuesday, March 21st. Sandler O’Neill downgraded shares of Spirit Realty Capital from a “buy” rating to a “hold” rating and decreased their price target for the stock from $13.00 to $9.00 in a research note on Thursday, May 4th. Finally, Mizuho downgraded shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 4th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.04.

In other Spirit Realty Capital news, CFO Phillip D. Joseph, Jr. purchased 6,700 shares of Spirit Realty Capital stock in a transaction dated Friday, June 2nd. The stock was acquired at an average price of $7.47 per share, for a total transaction of $50,049.00. Following the acquisition, the chief financial officer now owns 134,868 shares in the company, valued at approximately $1,007,463.96. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jackson Hsieh purchased 13,700 shares of Spirit Realty Capital stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average price of $7.27 per share, with a total value of $99,599.00. Following the acquisition, the insider now owns 546,053 shares in the company, valued at approximately $3,969,805.31. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 43,800 shares of company stock valued at $321,378. Company insiders own 0.50% of the company’s stock.

About Spirit Realty Capital

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.

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