Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of Spirit Realty Capital Inc (NYSE:SRC) by 98.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,409 shares of the real estate investment trust’s stock after selling 1,328,841 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Spirit Realty Capital were worth $508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SRC. Commonwealth Bank of Australia acquired a new stake in Spirit Realty Capital during the 3rd quarter worth approximately $452,000. Cohen & Steers Inc. increased its position in Spirit Realty Capital by 106.0% during the 3rd quarter. Cohen & Steers Inc. now owns 6,095,107 shares of the real estate investment trust’s stock worth $49,127,000 after purchasing an additional 3,136,863 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Spirit Realty Capital by 6.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 109,850 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 6,254 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its position in Spirit Realty Capital by 129.0% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 501,501 shares of the real estate investment trust’s stock worth $17,677,000 after purchasing an additional 282,497 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Spirit Realty Capital during the 3rd quarter worth approximately $8,215,000. 90.40% of the stock is owned by institutional investors.

A number of analysts recently issued reports on the stock. Mizuho raised shares of Spirit Realty Capital to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, January 23rd. Zacks Investment Research raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 14th. ValuEngine raised shares of Spirit Realty Capital from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 13th. Finally, Raymond James downgraded shares of Spirit Realty Capital from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Spirit Realty Capital has an average rating of “Hold” and a consensus price target of $42.38.

NYSE SRC opened at $37.42 on Friday. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 9.90 and a beta of 0.52. Spirit Realty Capital Inc has a fifty-two week low of $33.86 and a fifty-two week high of $44.20. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.51 and a quick ratio of 0.51.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $129.48 million during the quarter, compared to analysts’ expectations of $107.01 million. Spirit Realty Capital had a return on equity of 5.16% and a net margin of 26.05%. Spirit Realty Capital’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 EPS. As a group, sell-side analysts forecast that Spirit Realty Capital Inc will post 3.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Spirit Realty Capital’s previous quarterly dividend of $0.13. Spirit Realty Capital’s dividend payout ratio is currently 66.14%.

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About Spirit Realty Capital

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential real estate, subject to long-term net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial, office and data center properties.

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

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