Spirit MTA REIT (SMTA) Hits New 52-Week Low at $8.50

Spirit MTA REIT (NYSE:SMTA)’s share price hit a new 52-week low on Thursday . The company traded as low as $8.50 and last traded at $8.65, with a volume of 30190 shares. The stock had previously closed at $9.48.

The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 11.01.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 14.63%. The ex-dividend date is Friday, December 28th.

A number of hedge funds and other institutional investors have recently made changes to their positions in SMTA. Commonwealth Equity Services LLC acquired a new stake in Spirit MTA REIT in the second quarter worth $105,000. NumerixS Investment Technologies Inc acquired a new stake in Spirit MTA REIT in the second quarter worth $114,000. Robeco Institutional Asset Management B.V. acquired a new stake in Spirit MTA REIT in the second quarter worth $117,000. Clear Harbor Asset Management LLC acquired a new stake in Spirit MTA REIT in the second quarter worth $124,000. Finally, PNC Financial Services Group Inc. grew its holdings in Spirit MTA REIT by 732.7% in the third quarter. PNC Financial Services Group Inc. now owns 11,191 shares of the company’s stock worth $128,000 after purchasing an additional 9,847 shares during the period. 85.18% of the stock is owned by institutional investors and hedge funds.

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About Spirit MTA REIT (NYSE:SMTA)

Spirit MTA REIT owns investments in a portfolio of primarily single-tenant properties in the United States. It has a portfolio of approximately 901 properties. The company would elect to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.

See Also: Fundamental Analysis

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