15,100 Shares in Spirit Realty Capital Inc (NYSE:SRC) Acquired by New Mexico Educational Retirement Board

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New Mexico Educational Retirement Board purchased a new position in shares of Spirit Realty Capital Inc (NYSE:SRC) in the third quarter, HoldingsChannel.com reports. The fund purchased 15,100 shares of the real estate investment trust’s stock, valued at approximately $723,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oakbrook Investments LLC bought a new stake in shares of Spirit Realty Capital during the third quarter worth approximately $236,000. First Trust Advisors LP grew its holdings in Spirit Realty Capital by 126.1% during the third quarter. First Trust Advisors LP now owns 139,459 shares of the real estate investment trust’s stock valued at $6,675,000 after purchasing an additional 77,782 shares during the period. California Public Employees Retirement System grew its holdings in Spirit Realty Capital by 17.5% during the third quarter. California Public Employees Retirement System now owns 191,046 shares of the real estate investment trust’s stock valued at $9,143,000 after purchasing an additional 28,518 shares during the period. Point72 Asset Management L.P. acquired a new position in Spirit Realty Capital during the second quarter valued at approximately $205,000. Finally, Great West Life Assurance Co. Can grew its holdings in Spirit Realty Capital by 311.4% during the third quarter. Great West Life Assurance Co. Can now owns 72,381 shares of the real estate investment trust’s stock valued at $3,465,000 after purchasing an additional 54,789 shares during the period. 92.31% of the stock is owned by institutional investors and hedge funds.

SRC has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on shares of Spirit Realty Capital from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, September 17th. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. upgraded shares of Spirit Realty Capital from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $50.00 to $52.00 in a report on Tuesday, October 8th. Deutsche Bank boosted their price objective on shares of Spirit Realty Capital from $50.00 to $52.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Spirit Realty Capital from $53.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $51.50.

Spirit Realty Capital stock opened at $52.40 on Monday. The stock has a market capitalization of $5.23 billion, a PE ratio of 13.86 and a beta of 0.36. Spirit Realty Capital Inc has a twelve month low of $33.86 and a twelve month high of $52.84. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $49.70 and a 200-day moving average of $46.31.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.65. The company had revenue of $167.00 million during the quarter, compared to analysts’ expectations of $113.15 million. Spirit Realty Capital had a net margin of 42.82% and a return on equity of 8.03%. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. Equities analysts anticipate that Spirit Realty Capital Inc will post 3.16 EPS for the current fiscal year.

Spirit Realty Capital Profile

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.

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

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