Oppenheimer Asset Management Inc. lifted its holdings in Spirit Realty Capital Inc (NYSE:SRC) by 46.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,658 shares of the real estate investment trust’s stock after purchasing an additional 5,319 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Spirit Realty Capital were worth $797,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Nwam LLC grew its stake in shares of Spirit Realty Capital by 2.8% in the third quarter. Nwam LLC now owns 11,846 shares of the real estate investment trust’s stock worth $567,000 after purchasing an additional 326 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Spirit Realty Capital by 18.9% in the second quarter. Pacer Advisors Inc. now owns 2,305 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 366 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Spirit Realty Capital by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 53,380 shares of the real estate investment trust’s stock worth $2,555,000 after purchasing an additional 395 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Spirit Realty Capital by 2.1% in the second quarter. Van ECK Associates Corp now owns 20,045 shares of the real estate investment trust’s stock worth $855,000 after purchasing an additional 412 shares in the last quarter. Finally, United Services Automobile Association grew its stake in shares of Spirit Realty Capital by 2.0% in the second quarter. United Services Automobile Association now owns 22,562 shares of the real estate investment trust’s stock worth $962,000 after purchasing an additional 434 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Several brokerages recently weighed in on SRC. Stifel Nicolaus began coverage on Spirit Realty Capital in a research note on Thursday, August 29th. They set a “buy” rating and a $51.50 target price for the company. Morgan Stanley raised their target price on Spirit Realty Capital from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. raised Spirit Realty Capital from a “neutral” rating to an “overweight” rating and raised their target price for the company from $50.00 to $52.00 in a research note on Tuesday, October 8th. Zacks Investment Research cut Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Finally, Liberum Capital raised their target price on Spirit Realty Capital from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $50.25.

Shares of SRC stock opened at $49.34 on Friday. The stock has a 50-day simple moving average of $48.58 and a 200 day simple moving average of $45.34. Spirit Realty Capital Inc has a fifty-two week low of $33.86 and a fifty-two week high of $50.97. The stock has a market capitalization of $4.43 billion, a P/E ratio of 13.05 and a beta of 0.36. The company has a quick ratio of 0.36, a current ratio of 2.89 and a debt-to-equity ratio of 0.66.

Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.65. Spirit Realty Capital had a return on equity of 8.03% and a net margin of 42.82%. The business had revenue of $167.00 million during the quarter, compared to analysts’ expectations of $113.15 million. During the same quarter last year, the business posted $0.16 earnings per share. The company’s quarterly revenue was up 52.4% on a year-over-year basis. On average, sell-side analysts anticipate that Spirit Realty Capital Inc will post 3.14 earnings per share for the current year.

The business also recently announced a — dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.625 per share. This represents a dividend yield of 5.3%. The ex-dividend date was Friday, September 27th. Spirit Realty Capital’s dividend payout ratio is 66.14%.

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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