Mutual of America Capital Management LLC Has $4.24 Million Stake in Spirit Realty Capital, Inc. (NYSE:SRC)

Mutual of America Capital Management LLC reduced its holdings in Spirit Realty Capital, Inc. (NYSE:SRCGet Rating) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,237 shares of the real estate investment trust’s stock after selling 4,209 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Spirit Realty Capital worth $4,240,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SRC. Meeder Asset Management Inc. bought a new stake in shares of Spirit Realty Capital in the first quarter worth about $26,000. Parallel Advisors LLC increased its holdings in shares of Spirit Realty Capital by 24.5% in the second quarter. Parallel Advisors LLC now owns 1,230 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 242 shares in the last quarter. Covestor Ltd increased its holdings in shares of Spirit Realty Capital by 255.6% in the first quarter. Covestor Ltd now owns 1,330 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 956 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Spirit Realty Capital in the second quarter worth about $69,000. Finally, Signaturefd LLC increased its holdings in shares of Spirit Realty Capital by 32.0% in the first quarter. Signaturefd LLC now owns 1,978 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 479 shares in the last quarter. 96.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SRC shares. Oppenheimer initiated coverage on Spirit Realty Capital in a report on Wednesday, October 19th. They issued a “market perform” rating and a $37.00 price target for the company. Raymond James decreased their price objective on Spirit Realty Capital from $46.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, October 4th. Bank of America downgraded Spirit Realty Capital from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $42.00 to $43.00 in a report on Monday, November 14th. UBS Group decreased their price objective on Spirit Realty Capital from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, July 25th. Finally, StockNews.com initiated coverage on Spirit Realty Capital in a report on Wednesday, October 12th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Spirit Realty Capital has an average rating of “Hold” and a consensus price target of $46.45.

Spirit Realty Capital Stock Performance

Shares of NYSE SRC opened at $41.17 on Friday. The stock has a 50 day moving average price of $38.21 and a 200 day moving average price of $40.07. Spirit Realty Capital, Inc. has a 52 week low of $34.31 and a 52 week high of $49.94. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $5.75 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 8.98 and a beta of 1.24.

Spirit Realty Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a dividend of $0.663 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $2.65 annualized dividend and a yield of 6.44%. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 139.47%.

Spirit Realty Capital Profile

(Get Rating)

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.

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

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