IFP Advisors Inc cut its position in shares of Spirit Realty Capital, Inc (NYSE:SRC) by 32.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,841 shares of the real estate investment trust’s stock after selling 11,262 shares during the quarter. IFP Advisors Inc’s holdings in Spirit Realty Capital were worth $205,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Spirit Realty Capital by 2.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 86,341 shares of the real estate investment trust’s stock valued at $640,000 after purchasing an additional 1,930 shares during the last quarter. Profund Advisors LLC increased its position in shares of Spirit Realty Capital by 26.0% during the 2nd quarter. Profund Advisors LLC now owns 23,932 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 4,938 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Spirit Realty Capital by 11.3% during the 3rd quarter. Pacer Advisors Inc. now owns 75,626 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 7,708 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Spirit Realty Capital by 21.6% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 48,588 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 8,621 shares during the last quarter. Finally, Breton Hill Capital Ltd. increased its position in shares of Spirit Realty Capital by 5.7% during the 3rd quarter. Breton Hill Capital Ltd. now owns 164,450 shares of the real estate investment trust’s stock valued at $1,409,000 after purchasing an additional 8,896 shares during the last quarter. Hedge funds and other institutional investors own 92.65% of the company’s stock.

Several brokerages have recently commented on SRC. B. Riley reiterated a “buy” rating on shares of Spirit Realty Capital in a research report on Friday, November 3rd. Capital One Financial upgraded Spirit Realty Capital from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 24th. Mizuho set a $9.00 target price on Spirit Realty Capital and gave the company a “buy” rating in a report on Sunday, October 22nd. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Spirit Realty Capital in a report on Monday, November 13th. Finally, ValuEngine cut Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.50.

Spirit Realty Capital, Inc (NYSE:SRC) opened at $7.69 on Thursday. The firm has a market capitalization of $3,510.41, a price-to-earnings ratio of 87.00 and a beta of 0.43. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.19. Spirit Realty Capital, Inc has a 52-week low of $6.64 and a 52-week high of $11.11.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.72 annualized dividend and a yield of 9.36%. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 800.00%.

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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.

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

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