The most recent Form 13F filing that DekaBank Deutsche Girozentrale completed with the Securities and Exchange Commission revealed the financial institution’s holdings in Spirit Realty Capital, Inc. (NYSE: SRC) decreased by 6.5% during the third quarter. The institutional investor now has a total of 91,095 shares of ownership in the REIT after selling 6,301 shares of the real estate investment trust during the quarter. This brings the investor’s total ownership shares in the REIT to 91,095.
At the end of the most recent fiscal quarter, the DekaBank Deutsche Girozentrale owned a total of $3,210,000 worth of Spirit Realty Capital, equivalent to 0.07% of the company.
Several other hedge funds and institutional investors have recently modified their holdings of SRC stock. The investors made these changes.
During the second quarter, Zimmer Partners LP achieved an 80.0% increase in the share of Spirit Realty Capital it owned.
After acquiring an additional 1,500,000 shares during the most recent quarter, Zimmer Partners LP now holds a total of 3,375,000 shares of the real estate investment trust. The value of these shares brings the company’s holdings to a total of $127,508,000.
During the first three months of 2018, State Street Corporation increased its stake in Spirit Realty Capital by purchasing 18.9% of the company. State Street Corporation now owns 7,032,313 shares of the real estate investment trust following the purchase of an additional 1,119,230 shares during the most recent quarter. The shares have a current value of $327,982,000. To acquire a new stake in Spirit Realty Capital, Wellington Management Group LLP forked over $39,698,000 during the year’s first three months. Vanguard Group Inc.
Increased the proportion of Spirit Realty Capital that it owned by 3.3% over the first three months of 2018. The most recent quarter saw Vanguard Group Inc.
Acquire 595,068 shares of the real estate investment trust, bringing the total number of shares owned by the company to 18,866,824 with a value of $868,251,000 for those shares.
And as a final point of interest, Invesco Ltd.
Increased the proportion of Spirit Realty Capital that it owned by 101.3% over the first three months of this year.
Invesco Ltd. now has 964,977 shares of the real estate investment trust following the purchase of an additional 485,579 shares during the most recent quarter. The shares have a total value of $44,409,000 because Invesco Ltd. now has 964,977 shares.
As of right now, the company’s stock is owned by institutional investors and hedge funds, which account for 93.01% of the total.
SRC reports from various brokerages have made their way into the public consciousness.
Bank of America downgraded Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report released on Monday, November 14.
In addition, Bank of America raised its price objective for the stock from $42 to $43 and moved it up one spot.
In addition, the report stated that they raised their price objective for the stock from $42 to $43, which they believe is a reasonable range for the stock to trade in. The first research note that StockNews.com had written about Spirit Realty Capital was made available to the public on October 12. The note was written about the company. They recommended that shareholders “hold” their shares of the company. The beginning of Oppenheimer’s coverage of Spirit Realty Capital coincided with the publication, on October 19, of a research report on the company. They gave the company the rating of “market perform,” and they determined that the price objective for the stock should be $37.00. The rating of “outperform” given to Spirit Realty Capital was changed to a rating of “market perform” in a research note disseminated by Raymond James on January 9.
In the end but not least, Mizuho upgraded Spirit Realty Capital from a “neutral” rating to an “outperform” rating in a research note that was published on Thursday, December 8.
During this period, they also increased their target price from $37.00 to $42.00. Two financial analysts have given the stock a buy recommendation, while eight others have advised investors to maintain their current stock holdings.
According to data from Bloomberg.com, the current rating for Spirit Realty Capital is “Hold,” and the average price objective that analysts have set for the stock is $43.78.
In related news, on December 1, Director Richard I. Gilchrist purchased 6,000 shares of the company’s stock. This is just one of the latest developments relating to this topic. The average price paid for a single share of stock was $41.91, bringing the total amount spent on the acquisition of shares to $251,460.00. Thus, the cost of purchasing one share of stock was $41.91.Following the conclusion of the transaction, the director now has ownership of 44,409 shares of the company, each of which is worth $1,861,181.19 in total. The transaction was discussed in a document distributed by the SEC and is currently available on the website of the SEC. The company’s insiders own 0.58 percent of the total number of shares outstanding.
SRC began trading at $41.30 on Monday.
All the financial ratios, including the debt-to-equity ratio, current, and quick ratio, all equal 0.81.
If you prefer that format, these ratios’ values can also be written as 0.74.
During the previous twelve months, Spirit Realty Capital, Inc.’s price fluctuated between $34.31 and $48.24, with a low of $34.31 and a high of $48.24. The company’s market capitalization is estimated to be worth $5.77 billion.
Its PE ratio is currently sitting at 21.74, its P/E/G ratio is currently sitting at 6.17, and its beta is currently at 1.22. The moving average price of the company’s shares over the past 50 days is $40.94, and the moving average price over the last 200 days is also $40.39.
Tuesday, November 8, saw the release of the most recent quarterly earnings report for Spirit Realty Capital (NYSE: SRC). The real estate investment trust (REIT) reported earnings per share for the quarter of $0.54, which was $0.32 less than analysts had anticipated, which was $0.86. Spirit Realty Capital had a return on equity of 6.16 percent, while the company’s net margin was 37.70 percent. The revenue for the quarter came in at $180.30 million, which was significantly higher than the analysts’ average estimate of $179.54 million for the amount of revenue generated during the quarter.
In 2018, earnings of $3.44 per share were anticipated to be generated by Spirit Realty Capital, Inc., by projections provided by specialists in the field of research.
The company just recently declared and distributed a quarterly dividend, which was paid out on January 13 of this year.
In addition, the company just recently announced and distributed a dividend. On Friday, December 30, $0.663 dividend payments per sh.
Leave a comment