Public Employees Retirement System of Ohio Has $1.29 Million Stake in Spirit Realty Capital Inc (SRC)

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Public Employees Retirement System of Ohio decreased its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 39.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 160,592 shares of the real estate investment trust’s stock after selling 105,722 shares during the period. Public Employees Retirement System of Ohio’s holdings in Spirit Realty Capital were worth $1,290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nomura Holdings Inc. grew its holdings in Spirit Realty Capital by 82.7% in the 2nd quarter. Nomura Holdings Inc. now owns 135,000 shares of the real estate investment trust’s stock valued at $1,084,000 after buying an additional 61,100 shares during the last quarter. Global X Management Co LLC grew its holdings in Spirit Realty Capital by 0.9% in the 2nd quarter. Global X Management Co LLC now owns 1,256,702 shares of the real estate investment trust’s stock valued at $10,091,000 after buying an additional 10,779 shares during the last quarter. California Public Employees Retirement System grew its holdings in Spirit Realty Capital by 2.8% in the 2nd quarter. California Public Employees Retirement System now owns 1,348,031 shares of the real estate investment trust’s stock valued at $10,825,000 after buying an additional 36,540 shares during the last quarter. Putnam Investments LLC grew its holdings in Spirit Realty Capital by 11.6% in the 2nd quarter. Putnam Investments LLC now owns 1,089,354 shares of the real estate investment trust’s stock valued at $8,748,000 after buying an additional 113,415 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Spirit Realty Capital by 86.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 22,377 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 10,349 shares during the last quarter. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of SRC stock opened at $7.47 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.69. Spirit Realty Capital Inc has a 12 month low of $7.34 and a 12 month high of $8.84. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 8.79 and a beta of 0.42.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.11). Spirit Realty Capital had a return on equity of 3.42% and a net margin of 14.77%. The firm had revenue of $98.24 million during the quarter, compared to the consensus estimate of $104.88 million. On average, equities research analysts forecast that Spirit Realty Capital Inc will post 0.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.69%. Spirit Realty Capital’s dividend payout ratio is currently 58.82%.

A number of research firms have issued reports on SRC. Zacks Investment Research lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. BTIG Research lowered Spirit Realty Capital from a “buy” rating to a “neutral” rating in a report on Thursday, June 21st. TheStreet raised Spirit Realty Capital from a “c” rating to a “b-” rating in a report on Wednesday, August 8th. Finally, Bank of America raised their target price on Spirit Realty Capital from $8.00 to $8.25 and gave the company a “neutral” rating in a report on Monday, September 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Spirit Realty Capital presently has an average rating of “Hold” and an average target price of $9.00.

About Spirit Realty Capital

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential 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, office and data center properties providing superior risk adjusted returns and steady dividend growth for our stockholders.

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

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