Honeywell International Inc. bought a new position in Spirit Realty Capital, Inc. (NYSE:SRC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 94,320 shares of the real estate investment trust’s stock, valued at approximately $699,000.

Other institutional investors have also recently modified their holdings of the company. World Asset Management Inc increased its position in shares of Spirit Realty Capital by 0.4% in the second quarter. World Asset Management Inc now owns 24,245 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 108 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Spirit Realty Capital by 0.5% in the first quarter. Cornerstone Wealth Management LLC now owns 22,501 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 120 shares during the last quarter. Lincoln National Corp increased its position in shares of Spirit Realty Capital by 1.2% in the first quarter. Lincoln National Corp now owns 18,027 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 218 shares during the last quarter. Investment Centers of America Inc. increased its position in shares of Spirit Realty Capital by 2.6% in the first quarter. Investment Centers of America Inc. now owns 13,850 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 350 shares during the last quarter. Finally, 1st Global Advisors Inc. increased its position in shares of Spirit Realty Capital by 1.1% in the first quarter. 1st Global Advisors Inc. now owns 38,296 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 411 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Shares of Spirit Realty Capital, Inc. (NYSE SRC) opened at 8.43 on Thursday. The company has a market cap of $4.08 billion, a PE ratio of 46.83 and a beta of 0.55. The stock has a 50 day moving average of $7.75 and a 200-day moving average of $9.02. Spirit Realty Capital, Inc. has a 12 month low of $6.64 and a 12 month high of $13.95.

Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Spirit Realty Capital had a return on equity of 1.74% and a net margin of 9.47%. The firm had revenue of $168.65 million during the quarter, compared to analyst estimates of $163.19 million. During the same period last year, the firm posted $0.22 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. Equities analysts forecast that Spirit Realty Capital, Inc. will post $0.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 8.54%. The ex-dividend date of this dividend was Wednesday, June 28th. Spirit Realty Capital’s dividend payout ratio is presently 514.29%.

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A number of research firms have commented on SRC. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Spirit Realty Capital in a research report on Friday, August 4th. Royal Bank Of Canada lifted their price objective on shares of Spirit Realty Capital from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, August 4th. BidaskClub raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Mizuho raised shares of Spirit Realty Capital from an “underperform” rating to a “neutral” rating and set a $7.50 price objective for the company in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.67.

In other news, EVP Boyd Messmann acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average price of $7.19 per share, with a total value of $71,900.00. Following the acquisition, the executive vice president now owns 73,656 shares in the company, valued at approximately $529,586.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jackson Hsieh acquired 13,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $7.27 per share, with a total value of $99,599.00. Following the acquisition, the insider now owns 546,053 shares in the company, valued at approximately $3,969,805.31. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 53,497 shares of company stock valued at $401,378. Insiders own 0.50% of the company’s stock.

Spirit Realty Capital Company 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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Institutional Ownership by Quarter for Spirit Realty Capital (NYSE:SRC)

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