Versor Investments LP bought a new position in shares of Spirit Realty Capital, Inc. (NYSE:SRC – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,700 shares of the real estate investment trust’s stock, valued at approximately $547,000.
Several other hedge funds have also added to or reduced their stakes in SRC. State Street Corp lifted its position in shares of Spirit Realty Capital by 18.9% in the 1st quarter. State Street Corp now owns 7,032,313 shares of the real estate investment trust’s stock worth $327,982,000 after purchasing an additional 1,119,230 shares during the period. Waterfront Capital Partners LLC acquired a new position in shares of Spirit Realty Capital during the 3rd quarter valued at $32,515,000. Wellington Management Group LLP acquired a new position in shares of Spirit Realty Capital during the 1st quarter valued at $39,698,000. Prudential Financial Inc. lifted its position in shares of Spirit Realty Capital by 407.1% during the 3rd quarter. Prudential Financial Inc. now owns 1,019,685 shares of the real estate investment trust’s stock valued at $36,188,000 after acquiring an additional 818,594 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of 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 valued at $868,251,000 after acquiring an additional 595,068 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on SRC. Raymond James downgraded shares of Spirit Realty Capital from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. Oppenheimer reiterated a “market perform” rating and set a $38.00 target price on shares of Spirit Realty Capital in a research report on Tuesday, March 7th. StockNews.com began coverage on shares of Spirit Realty Capital in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, JMP Securities decreased their price target on shares of Spirit Realty Capital from $49.00 to $45.00 and set a “market outperform” rating for the company in a research note on Tuesday, March 21st. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Spirit Realty Capital currently has an average rating of “Hold” and a consensus price target of $42.89.
Spirit Realty Capital Trading Down 0.1 %
Spirit Realty Capital Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.663 per share. The ex-dividend date is Thursday, March 30th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 6.91%. Spirit Realty Capital’s dividend payout ratio is currently 129.90%.
About Spirit Realty Capital
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.
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