Virginia Retirement Systems ET AL bought a new position in Spirit Realty Capital Inc. (NYSE:SRC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 231,630 shares of the real estate investment trust’s stock, valued at approximately $2,958,000.

Other institutional investors have also modified their holdings of the company. BlackRock Group LTD boosted its position in shares of Spirit Realty Capital by 3.2% in the first quarter. BlackRock Group LTD now owns 2,945,023 shares of the real estate investment trust’s stock worth $33,131,000 after buying an additional 91,113 shares in the last quarter. Utah Retirement Systems boosted its position in shares of Spirit Realty Capital by 10.3% in the second quarter. Utah Retirement Systems now owns 97,700 shares of the real estate investment trust’s stock worth $1,247,000 after buying an additional 9,100 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Spirit Realty Capital during the first quarter worth about $291,000. Geode Capital Management LLC boosted its position in shares of Spirit Realty Capital by 3.3% in the first quarter. Geode Capital Management LLC now owns 2,691,974 shares of the real estate investment trust’s stock worth $30,284,000 after buying an additional 87,061 shares in the last quarter. Finally, Lincoln National Corp boosted its position in shares of Spirit Realty Capital by 34.1% in the second quarter. Lincoln National Corp now owns 19,235 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 4,892 shares in the last quarter. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Realty Capital Inc. (NYSE:SRC) opened at 13.38 on Thursday. The company has a 50-day moving average of $13.26 and a 200-day moving average of $12.20. Spirit Realty Capital Inc. has a 1-year low of $8.90 and a 1-year high of $13.97. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 59.73 and a beta of 0.54.

Spirit Realty Capital (NYSE:SRC) last issued its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Spirit Realty Capital had a net margin of 15.36% and a return on equity of 2.91%. The firm earned $171.70 million during the quarter, compared to the consensus estimate of $164.29 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts predict that Spirit Realty Capital Inc. will post $0.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 5.23%. The ex-dividend date is Wednesday, September 28th. Spirit Realty Capital’s payout ratio is presently 304.36%.

A number of equities analysts have issued reports on SRC shares. BTIG Research started coverage on shares of Spirit Realty Capital in a report on Thursday, August 25th. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Tuesday, August 9th. Janney Montgomery Scott initiated coverage on shares of Spirit Realty Capital in a research note on Wednesday, September 7th. They set a “buy” rating and a $14.50 price objective on the stock. They noted that the move was a valuation call. Morgan Stanley upgraded shares of Spirit Realty Capital from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $11.00 to $15.00 in a research note on Wednesday, September 7th. Finally, Wunderlich raised their price objective on shares of Spirit Realty Capital from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Spirit Realty Capital currently has a consensus rating of “Buy” and a consensus target price of $13.05.

In other Spirit Realty Capital news, CEO Thomas H. Nolan, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $13.23, for a total value of $198,450.00. Following the completion of the sale, the chief executive officer now owns 858,186 shares of the company’s stock, valued at $11,353,800.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

About Spirit Realty Capital

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.

5 Day Chart for NYSE:SRC

Want to see what other hedge funds are holding SRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit Realty Capital Inc. (NYSE:SRC).

Receive News & Ratings for Spirit Realty Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.