Bridgefront Capital LLC Acquires Shares of 7,416 Spirit Realty Capital, Inc. (NYSE:SRC)

Bridgefront Capital LLC purchased a new stake in shares of Spirit Realty Capital, Inc. (NYSE:SRC – Get Rating) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,416 shares of the real estate investment trust’s stock, valued at approximately $268,000.

Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in shares of Spirit Realty Capital by 2.7% during the third quarter. Toronto Dominion Bank now owns 14,455 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 381 shares in the last quarter. Prudential Financial Inc. increased its holdings in Spirit Realty Capital by 407.1% during the third quarter. Prudential Financial Inc. now owns 1,019,685 shares of the real estate investment trust’s stock worth $36,188,000 after buying an additional 818,594 shares during the last quarter. UBS Group AG increased its holdings in Spirit Realty Capital by 143.3% during the second quarter. UBS Group AG now owns 246,399 shares of the real estate investment trust’s stock worth $9,309,000 after buying an additional 145,141 shares during the last quarter. Boston Partners increased its holdings in Spirit Realty Capital by 57.6% during the third quarter. Boston Partners now owns 681,808 shares of the real estate investment trust’s stock worth $24,900,000 after buying an additional 249,243 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Spirit Realty Capital by 12.4% during the third quarter. Signaturefd LLC now owns 3,042 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 335 shares during the last quarter. 93.01% of the stock is owned by institutional investors.

Spirit Realty Capital Stock Down 0.8 %

NYSE:SRC opened at $38.88 on Friday. The firm’s 50-day moving average price is $42.18 and its 200-day moving average price is $40.39. The company has a market capitalization of $5.49 billion, a PE ratio of 19.06, a P/E/G ratio of 5.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.15 and a quick ratio of 0.15. Spirit Realty Capital, Inc. has a 1-year low of $34.31 and a 1-year high of $48.24.

Spirit Realty Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be paid a $0.663 dividend. This represents a $2.65 annualized dividend and a dividend yield of 6.82%. The ex-dividend date is Thursday, March 30th. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 129.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Spirit Realty Capital in a report on Thursday. They set a “hold” rating for the company. Mizuho raised their price objective on shares of Spirit Realty Capital from $37.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, December 8th. Truist Financial reduced their target price on shares of Spirit Realty Capital from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, December 2nd. Oppenheimer reiterated a “market perform” rating and issued a $38.00 target price on shares of Spirit Realty Capital in a research note on Tuesday, March 7th. Finally, Raymond James downgraded shares of Spirit Realty Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.89.

Spirit Realty Capital Company Profile

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