Spirit Realty Capital, Inc. (NYSE:SRC) Shares Acquired by BlackRock Inc.


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BlackRock Inc. lifted its position in shares of Spirit Realty Capital, Inc. (NYSE:SRC) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,861,216 shares of the real estate investment trust’s stock after acquiring an additional 1,225,086 shares during the quarter. BlackRock Inc. owned 13.66% of Spirit Realty Capital worth $596,976,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SRC. CI Investments Inc. acquired a new position in shares of Spirit Realty Capital during the third quarter worth about $28,000. Summit X LLC acquired a new position in shares of Spirit Realty Capital during the third quarter worth about $34,000. Prospera Financial Services Inc acquired a new position in shares of Spirit Realty Capital during the third quarter worth about $69,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Spirit Realty Capital by 37.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,780 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 489 shares during the period. Finally, Ellevest Inc. increased its stake in shares of Spirit Realty Capital by 37.8% during the third quarter. Ellevest Inc. now owns 3,003 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 823 shares during the period. Institutional investors and hedge funds own 98.65% of the company’s stock.

Shares of NYSE SRC opened at $43.28 on Tuesday. Spirit Realty Capital, Inc. has a 12-month low of $18.37 and a 12-month high of $54.40. The company has a market capitalization of $4.71 billion, a PE ratio of -540.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s 50-day moving average is $39.56 and its two-hundred day moving average is $36.90.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings results on Thursday, February 18th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. Spirit Realty Capital had a net margin of 0.46% and a return on equity of 0.07%. The company had revenue of $128.60 million for the quarter, compared to the consensus estimate of $118.87 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts forecast that Spirit Realty Capital, Inc. will post 2.8 EPS for the current fiscal year.

A number of research firms recently commented on SRC. Robert W. Baird began coverage on shares of Spirit Realty Capital in a report on Wednesday, December 16th. They set a “neutral” rating on the stock. Morgan Stanley boosted their price objective on shares of Spirit Realty Capital from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 15th. Raymond James boosted their price objective on shares of Spirit Realty Capital from $41.00 to $46.00 and gave the stock an “outperform” rating in a report on Tuesday, January 12th. Truist Financial boosted their price objective on shares of Spirit Realty Capital from $39.00 to $43.00 in a report on Thursday, December 31st. Finally, Zacks Investment Research raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Saturday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.73.

About Spirit Realty Capital

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.

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

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