Aperio Group LLC raised its position in shares of Spirit Realty Capital, Inc. (NYSE:SRC) by 482.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 439,965 shares of the real estate investment trust’s stock after buying an additional 364,441 shares during the period. Aperio Group LLC owned about 0.09% of Spirit Realty Capital worth $3,260,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Spirit Realty Capital by 2.6% in the first quarter. Vanguard Group Inc. now owns 76,711,434 shares of the real estate investment trust’s stock worth $777,087,000 after buying an additional 1,910,294 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Spirit Realty Capital by 0.8% in the first quarter. Principal Financial Group Inc. now owns 15,968,716 shares of the real estate investment trust’s stock worth $161,945,000 after buying an additional 120,915 shares during the last quarter. State Street Corp boosted its stake in shares of Spirit Realty Capital by 2.7% in the first quarter. State Street Corp now owns 9,460,492 shares of the real estate investment trust’s stock worth $95,831,000 after buying an additional 248,781 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Spirit Realty Capital by 3,886.7% in the first quarter. Prudential Financial Inc. now owns 7,934,149 shares of the real estate investment trust’s stock worth $80,373,000 after buying an additional 7,735,135 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Spirit Realty Capital by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,580,236 shares of the real estate investment trust’s stock worth $66,656,000 after buying an additional 133,962 shares during the last quarter. 99.93% of the stock is owned by institutional investors.

Shares of Spirit Realty Capital, Inc. (SRC) traded up 3.22% on Friday, reaching $8.34. The company’s stock had a trading volume of 32,926,810 shares. The stock has a market cap of $4.04 billion, a P/E ratio of 46.33 and a beta of 0.55. Spirit Realty Capital, Inc. has a 12 month low of $6.64 and a 12 month high of $13.97. The firm’s 50-day moving average price is $7.66 and its 200-day moving average price is $9.11.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Spirit Realty Capital had a return on equity of 1.70% and a net margin of 9.47%. The firm had revenue of $168.65 million for the quarter, compared to analysts’ expectations of $163.19 million. During the same quarter last year, the firm posted $0.22 EPS. The company’s revenue was down 1.8% compared to the same quarter last year. On average, analysts forecast that Spirit Realty Capital, Inc. will post $0.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.18 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.72 annualized dividend and a dividend yield of 8.63%. Spirit Realty Capital’s payout ratio is currently 514.29%.

COPYRIGHT VIOLATION WARNING: “Aperio Group LLC Acquires 364,441 Shares of Spirit Realty Capital, Inc. (NYSE:SRC)” was reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/05/aperio-group-llc-acquires-364441-shares-of-spirit-realty-capital-inc-nysesrc.html.

SRC has been the subject of a number of recent research reports. Morgan Stanley cut shares of Spirit Realty Capital from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $11.50 to $8.40 in a research report on Tuesday, May 9th. Janney Montgomery Scott cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Ladenburg Thalmann Financial Services cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. ValuEngine cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Mizuho raised shares of Spirit Realty Capital from an “underperform” rating to a “neutral” rating and set a $7.50 target price for the company in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.34.

In other Spirit Realty Capital news, CFO Phillip D. Joseph, Jr. purchased 6,700 shares of the stock in a transaction on Friday, June 2nd. The shares were purchased at an average price of $7.47 per share, with a total value of $50,049.00. Following the acquisition, the chief financial officer now directly owns 134,868 shares in the company, valued at approximately $1,007,463.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Boyd Messmann purchased 10,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $7.19 per share, for a total transaction of $71,900.00. Following the acquisition, the executive vice president now owns 73,656 shares in the company, valued at $529,586.64. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 43,800 shares of company stock worth $321,378. Insiders own 0.50% of the company’s stock.

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.

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).

Institutional Ownership by Quarter for Spirit Realty Capital (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.