Two Sigma Investments LP boosted its stake in Spirit Realty Capital, Inc (NYSE:SRC) by 40.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,878,344 shares of the real estate investment trust’s stock after acquiring an additional 1,400,143 shares during the period. Two Sigma Investments LP owned 1.07% of Spirit Realty Capital worth $41,856,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Long Pond Capital LP increased its position in Spirit Realty Capital by 101.0% during the 3rd quarter. Long Pond Capital LP now owns 14,989,473 shares of the real estate investment trust’s stock worth $128,460,000 after purchasing an additional 7,530,599 shares during the period. Monarch Alternative Capital LP boosted its stake in shares of Spirit Realty Capital by 19.2% during the 3rd quarter. Monarch Alternative Capital LP now owns 11,730,897 shares of the real estate investment trust’s stock worth $100,534,000 after acquiring an additional 1,891,100 shares in the last quarter. Cbre Clarion Securities LLC lifted its stake in Spirit Realty Capital by 150.6% in the 4th quarter. Cbre Clarion Securities LLC now owns 9,992,562 shares of the real estate investment trust’s stock valued at $85,736,000 after buying an additional 6,004,382 shares in the last quarter. Gruss Capital Management LP lifted its stake in Spirit Realty Capital by 56.1% in the 3rd quarter. Gruss Capital Management LP now owns 7,375,000 shares of the real estate investment trust’s stock valued at $63,204,000 after buying an additional 2,650,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Spirit Realty Capital by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,298,760 shares of the real estate investment trust’s stock valued at $62,548,000 after buying an additional 366,545 shares in the last quarter. Institutional investors own 92.01% of the company’s stock.
In other Spirit Realty Capital news, Director Thomas D. Senkbeil bought 25,200 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were purchased at an average price of $7.93 per share, with a total value of $199,836.00. Following the completion of the acquisition, the director now directly owns 67,052 shares of the company’s stock, valued at approximately $531,722.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.
Spirit Realty Capital, Inc (NYSE:SRC) opened at $7.96 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.60 and a current ratio of 0.60. Spirit Realty Capital, Inc has a 12-month low of $6.64 and a 12-month high of $10.60. The company has a market cap of $3,577.22, a PE ratio of 49.75 and a beta of 0.46.
Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). Spirit Realty Capital had a return on equity of 2.84% and a net margin of 11.53%. The company had revenue of $165.35 million for the quarter, compared to the consensus estimate of $166.69 million. During the same period in the previous year, the business posted $0.21 EPS. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. research analysts forecast that Spirit Realty Capital, Inc will post 0.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.72 dividend on an annualized basis and a yield of 9.05%. Spirit Realty Capital’s dividend payout ratio is currently 450.03%.
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Spirit Realty Capital Profile
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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