Pitcairn Co. Sells 205 Shares of Spirit Realty Capital, Inc. (NYSE:SRC)

Pitcairn Co. trimmed its holdings in shares of Spirit Realty Capital, Inc. (NYSE:SRC) by 1.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,720 shares of the real estate investment trust’s stock after selling 205 shares during the quarter. Pitcairn Co.’s holdings in Spirit Realty Capital were worth $493,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in shares of Spirit Realty Capital by 2.8% during 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. Picton Mahoney Asset Management lifted its holdings in shares of Spirit Realty Capital by 0.3% in the 3rd quarter. Picton Mahoney Asset Management now owns 87,697 shares of the real estate investment trust’s stock worth $4,038,000 after purchasing an additional 230 shares in the last quarter. Private Capital Group LLC lifted its holdings in shares of Spirit Realty Capital by 34.3% in the 3rd quarter. Private Capital Group LLC now owns 924 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 236 shares in the last quarter. Adams Wealth Management lifted 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 purchasing an additional 252 shares in the last quarter. Finally, Alliance Wealth Advisors LLC lifted its holdings in shares of Spirit Realty Capital by 4.6% in the 3rd quarter. Alliance Wealth Advisors LLC now owns 6,472 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 93.08% of the company’s stock.

Several brokerages have recently issued reports on SRC. Morgan Stanley decreased their target price on Spirit Realty Capital from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, December 3rd. Wolfe Research initiated coverage on Spirit Realty Capital in a report on Friday, December 10th. They issued an “outperform” rating and a $57.00 price objective for the company. Royal Bank of Canada initiated coverage on Spirit Realty Capital in a research note on Friday, September 17th. They issued a “sector perform” rating and a $53.00 target price for the company. Janney Montgomery Scott upgraded Spirit Realty Capital from a “neutral” rating to a “buy” rating and raised their target price for the stock from $52.00 to $53.00 in a research note on Wednesday. Finally, Zacks Investment Research downgraded Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, December 7th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $53.45.

Shares of NYSE:SRC opened at $49.61 on Friday. The company has a market cap of $6.12 billion, a P/E ratio of 39.37, a PEG ratio of 2.08 and a beta of 1.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.10 and a quick ratio of 0.10. Spirit Realty Capital, Inc. has a 1 year low of $36.95 and a 1 year high of $52.29. The stock’s fifty day moving average price is $47.35 and its 200-day moving average price is $48.64.

Spirit Realty Capital (NYSE:SRC) last posted its quarterly earnings data 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 firm had revenue of $151.38 million for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $0.72 EPS. On average, sell-side analysts anticipate that Spirit Realty Capital, Inc. will post 3.19 earnings per share for the current year.

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

Spirit Realty Capital Company Profile

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.

Further Reading: Return on Investment (ROI)

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

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