Rafferty Asset Management LLC Sells 12,837 Shares of Spirit Realty Capital Inc (SRC)

Rafferty Asset Management LLC reduced its position in shares of Spirit Realty Capital Inc (NYSE:SRC) by 9.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,895 shares of the real estate investment trust’s stock after selling 12,837 shares during the quarter. Rafferty Asset Management LLC’s holdings in Spirit Realty Capital were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in shares of Spirit Realty Capital by 41.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,597,028 shares of the real estate investment trust’s stock worth $28,885,000 after buying an additional 1,056,325 shares during the period. Chicago Equity Partners LLC grew its position in shares of Spirit Realty Capital by 4,549.1% in the 2nd quarter. Chicago Equity Partners LLC now owns 1,450,520 shares of the real estate investment trust’s stock valued at $11,648,000 after purchasing an additional 1,419,320 shares during the period. First Trust Advisors LP grew its position in shares of Spirit Realty Capital by 11.5% in the 2nd quarter. First Trust Advisors LP now owns 272,082 shares of the real estate investment trust’s stock valued at $2,185,000 after purchasing an additional 28,168 shares during the period. Kestrel Investment Management Corp grew its position in shares of Spirit Realty Capital by 38.2% in the 2nd quarter. Kestrel Investment Management Corp now owns 1,049,200 shares of the real estate investment trust’s stock valued at $8,425,000 after purchasing an additional 289,900 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Spirit Realty Capital by 2.8% in the 2nd quarter. California Public Employees Retirement System now owns 1,348,031 shares of the real estate investment trust’s stock valued at $10,825,000 after purchasing an additional 36,540 shares during the period. 94.41% of the stock is owned by hedge funds and other institutional investors.

In other Spirit Realty Capital news, CEO Jackson Hsieh sold 186,087 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $7.81, for a total transaction of $1,453,339.47. Following the completion of the transaction, the chief executive officer now owns 1,153,557 shares of the company’s stock, valued at approximately $9,009,280.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Shares of SRC opened at $7.42 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.60 and a quick ratio of 0.60. Spirit Realty Capital Inc has a 52-week low of $7.22 and a 52-week high of $8.84. The company has a market capitalization of $3.15 billion, a P/E ratio of 8.73 and a beta of 0.34.

Spirit Realty Capital shares are set to reverse split before the market opens on Thursday, December 13th. The 1-5 reverse split was announced on Tuesday, November 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, December 12th.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Spirit Realty Capital had a return on equity of 4.27% and a net margin of 20.95%. The firm had revenue of $109.64 million during the quarter, compared to the consensus estimate of $101.43 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The business’s revenue was up .8% on a year-over-year basis. Equities analysts forecast that Spirit Realty Capital Inc will post 0.73 EPS for the current year.

SRC has been the subject of several research analyst reports. TheStreet upgraded Spirit Realty Capital from a “c” rating to a “b-” rating in a research report on Wednesday, August 8th. ValuEngine upgraded Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Finally, Bank of America boosted their price objective on Spirit Realty Capital from $8.00 to $8.25 and gave the company a “neutral” rating in a research report on Monday, September 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.71.

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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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