Spirit Realty Capital Inc (NYSE:SRC) Shares Sold by State of Alaska Department of Revenue

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State of Alaska Department of Revenue cut its holdings in Spirit Realty Capital Inc (NYSE:SRC) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,388 shares of the real estate investment trust’s stock after selling 20,691 shares during the quarter. State of Alaska Department of Revenue’s holdings in Spirit Realty Capital were worth $1,469,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new position in shares of Spirit Realty Capital during the 1st quarter worth approximately $197,000. Legal & General Group Plc increased its holdings in shares of Spirit Realty Capital by 11.1% during the 1st quarter. Legal & General Group Plc now owns 1,705,357 shares of the real estate investment trust’s stock worth $13,234,000 after acquiring an additional 170,880 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Spirit Realty Capital by 64.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 63,779 shares of the real estate investment trust’s stock worth $495,000 after acquiring an additional 25,000 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Spirit Realty Capital by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 15,292,381 shares of the real estate investment trust’s stock worth $118,670,000 after acquiring an additional 697,153 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of Spirit Realty Capital by 76.1% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 57,212 shares of the real estate investment trust’s stock worth $444,000 after acquiring an additional 24,727 shares during the last quarter. 92.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SRC traded down $0.03 during trading on Friday, reaching $8.19. 1,923,761 shares of the company traded hands, compared to its average volume of 5,209,499. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 0.53. Spirit Realty Capital Inc has a 52 week low of $7.34 and a 52 week high of $8.84. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 9.64 and a beta of 0.34.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Spirit Realty Capital had a return on equity of 4.16% and a net margin of 20.95%. The business had revenue of $109.64 million during the quarter, compared to the consensus estimate of $101.43 million. During the same period in the prior year, the company earned $0.21 EPS. Spirit Realty Capital’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts predict that Spirit Realty Capital Inc will post 0.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.50 annualized dividend and a dividend yield of 6.11%. Spirit Realty Capital’s dividend payout ratio is currently 58.82%.

SRC has been the subject of several recent research reports. TheStreet upgraded Spirit Realty Capital from a “c” rating to a “b-” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. ValuEngine upgraded Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Bank of America boosted their price target on Spirit Realty Capital from $8.00 to $8.25 and gave the company a “neutral” rating in a research note on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.79.

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About Spirit Realty Capital

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: How analysts view the yield curve

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

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