Moors & Cabot Inc. Purchases Shares of 39,000 Spirit Realty Capital, Inc. (NYSE:SRC)

Moors & Cabot Inc. bought a new position in Spirit Realty Capital, Inc. (NYSE:SRC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,000 shares of the real estate investment trust’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Texas Permanent School Fund raised its holdings in shares of Spirit Realty Capital by 2.8% in the 3rd quarter. Texas Permanent School Fund now owns 88,105 shares of the real estate investment trust’s stock worth $4,056,000 after buying an additional 2,432 shares in the last quarter. Adams Wealth Management raised its holdings in shares of Spirit Realty Capital by 3.2% in the 3rd quarter. Adams Wealth Management now owns 8,141 shares of the real estate investment trust’s stock worth $375,000 after buying an additional 252 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Spirit Realty Capital by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 8,519 shares of the real estate investment trust’s stock worth $392,000 after buying an additional 230 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Spirit Realty Capital by 3.2% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 139,150 shares of the real estate investment trust’s stock worth $6,657,000 after buying an additional 4,360 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Spirit Realty Capital by 1.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 117,864 shares of the real estate investment trust’s stock worth $5,639,000 after buying an additional 1,637 shares in the last quarter. 93.08% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SRC opened at $49.61 on Friday. The stock has a market capitalization of $6.12 billion, a P/E ratio of 39.37, a P/E/G ratio of 2.08 and a beta of 1.32. Spirit Realty Capital, Inc. has a 1-year low of $36.95 and a 1-year high of $52.29. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average price of $47.35 and a two-hundred day moving average price of $48.64.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.48). The company had revenue of $151.38 million during the quarter, compared to the consensus estimate of $151.95 million. Spirit Realty Capital had a net margin of 26.94% and a return on equity of 4.48%. During the same period last year, the company earned $0.72 earnings per share. As a group, equities analysts predict that Spirit Realty Capital, Inc. will post 3.19 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were paid a $0.638 dividend. The ex-dividend date was Thursday, December 30th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 5.14%. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 202.38%.

SRC has been the subject of several research analyst reports. Royal Bank of Canada initiated coverage on Spirit Realty Capital in a research report on Friday, September 17th. They issued a “sector perform” rating and a $53.00 price objective for the company. Mizuho lifted their price target on Spirit Realty Capital from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, November 30th. Morgan Stanley cut their price target on Spirit Realty Capital from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, December 3rd. Zacks Investment Research cut Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Tuesday, December 7th. Finally, Wolfe Research started coverage on Spirit Realty Capital in a report on Friday, December 10th. They issued an “outperform” rating and a $57.00 price target for the company. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $53.45.

About Spirit Realty Capital

Spirit Realty Capital, Inc operates as a holding company. Its in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting and capital markets. The company was founded on August 14, 2003 and is headquartered in Dallas, TX.

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

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