Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stock Position in Spirit Realty Capital, Inc. (NYSE:SRC)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Spirit Realty Capital, Inc. (NYSE:SRC – Get Rating) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,462 shares of the real estate investment trust’s stock after buying an additional 5,472 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Spirit Realty Capital were worth $2,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SRC. Vanguard Group Inc. grew its stake in Spirit Realty Capital by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 18,866,824 shares of the real estate investment trust’s stock worth $868,251,000 after purchasing an additional 595,068 shares in the last quarter. State Street Corp lifted its stake in Spirit Realty Capital by 3.6% in the second quarter. State Street Corp now owns 7,282,782 shares of the real estate investment trust’s stock valued at $279,627,000 after buying an additional 250,469 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Spirit Realty Capital by 2.4% during the 2nd quarter. Macquarie Group Ltd. now owns 3,867,697 shares of the real estate investment trust’s stock worth $146,127,000 after purchasing an additional 91,039 shares during the period. Zimmer Partners LP increased its holdings in shares of Spirit Realty Capital by 80.0% in the second quarter. Zimmer Partners LP now owns 3,375,000 shares of the real estate investment trust’s stock valued at $127,508,000 after purchasing an additional 1,500,000 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Spirit Realty Capital by 7.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,351,140 shares of the real estate investment trust’s stock worth $88,826,000 after buying an additional 165,091 shares during the last quarter. 93.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Spirit Realty Capital

In other news, Director Richard I. Gilchrist acquired 6,000 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was bought at an average cost of $41.91 per share, with a total value of $251,460.00. Following the transaction, the director now directly owns 44,409 shares in the company, valued at approximately $1,861,181.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Spirit Realty Capital Trading Up 0.6 %

Shares of SRC opened at $41.30 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.77 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 6.31 and a beta of 1.22. The stock’s fifty day simple moving average is $40.94 and its 200 day simple moving average is $40.37. Spirit Realty Capital, Inc. has a twelve month low of $34.31 and a twelve month high of $48.24.

Spirit Realty Capital (NYSE:SRC – Get Rating) last released its quarterly earnings data on Tuesday, November 8th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.32). The business had revenue of $180.30 million for the quarter, compared to analysts’ expectations of $179.54 million. Spirit Realty Capital had a return on equity of 6.16% and a net margin of 37.70%. On average, equities research analysts forecast that Spirit Realty Capital, Inc. will post 3.44 earnings per share for the current year.

Spirit Realty Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $0.663 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 6.42%. Spirit Realty Capital’s payout ratio is currently 139.47%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SRC shares. Raymond James cut shares of Spirit Realty Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. StockNews.com began coverage on shares of Spirit Realty Capital in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Bank of America cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $42.00 to $43.00 in a research report on Monday, November 14th. Truist Financial dropped their price target on Spirit Realty Capital from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, December 2nd. Finally, Oppenheimer started coverage on shares of Spirit Realty Capital in a research note on Wednesday, October 19th. They issued a “market perform” rating and a $37.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.78.

Spirit Realty Capital Company Profile

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Spirit Realty Capital, Inc operates as a holding company. Its in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting and capital markets. The company was founded on August 14, 2003, and is headquartered in Dallas, TX.