Spirit Realty Capital Inc (SRC) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its stake in Spirit Realty Capital Inc (NYSE:SRC) by 25.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 90,095 shares of the real estate investment trust’s stock after selling 30,426 shares during the quarter. Voya Investment Management LLC’s holdings in Spirit Realty Capital were worth $723,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SRC. California Public Employees Retirement System grew its position in shares of Spirit Realty Capital by 12.0% in the first quarter. California Public Employees Retirement System now owns 1,311,491 shares of the real estate investment trust’s stock valued at $10,177,000 after purchasing an additional 140,977 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Spirit Realty Capital by 20.2% in the first quarter. Hsbc Holdings PLC now owns 61,890 shares of the real estate investment trust’s stock valued at $480,000 after purchasing an additional 10,419 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Spirit Realty Capital by 6.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 281,200 shares of the real estate investment trust’s stock valued at $2,182,000 after purchasing an additional 17,200 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Spirit Realty Capital in the first quarter valued at approximately $197,000. Finally, V3 Capital Management L.P. grew its position in shares of Spirit Realty Capital by 13.7% in the first quarter. V3 Capital Management L.P. now owns 10,413,802 shares of the real estate investment trust’s stock valued at $80,811,000 after purchasing an additional 1,253,250 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

Several analysts have recently commented on the stock. ValuEngine upgraded shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. BTIG Research lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, June 21st. Bank of America increased their price target on shares of Spirit Realty Capital from $8.00 to $8.25 and gave the company a “neutral” rating in a research report on Monday, September 10th. Zacks Investment Research lowered shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Friday. Finally, TheStreet upgraded shares of Spirit Realty Capital from a “c” rating to a “b-” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.00.

Shares of NYSE SRC opened at $7.47 on Friday. Spirit Realty Capital Inc has a 1 year low of $7.34 and a 1 year high of $8.84. The company has a market cap of $3.45 billion, a P/E ratio of 8.79 and a beta of 0.42. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.69.

Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.11). Spirit Realty Capital had a return on equity of 3.42% and a net margin of 14.77%. The firm had revenue of $98.24 million for the quarter, compared to analyst estimates of $104.88 million. Sell-side analysts anticipate that Spirit Realty Capital Inc will post 0.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.50 dividend on an annualized basis and a yield of 6.69%. Spirit Realty Capital’s dividend payout ratio (DPR) is currently 58.82%.

Spirit Realty Capital Profile

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 providing superior risk adjusted returns and steady dividend growth for our stockholders.

Read More: What is a closed-end mutual fund (CEF)?

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply