Spirit Realty Capital, Inc (SRC) Shares Sold by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC cut its position in Spirit Realty Capital, Inc (NYSE:SRC) by 5.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,151,181 shares of the real estate investment trust’s stock after selling 118,856 shares during the period. Spirit Realty Capital makes up 3.2% of Waterfront Capital Partners LLC’s holdings, making the stock its 6th largest position. Waterfront Capital Partners LLC owned 0.44% of Spirit Realty Capital worth $21,791,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Spirit Realty Capital during the fourth quarter worth $103,000. Janney Montgomery Scott LLC acquired a new stake in shares of Spirit Realty Capital during the first quarter worth $109,000. Penserra Capital Management LLC boosted its stake in shares of Spirit Realty Capital by 51.5% in the first quarter. Penserra Capital Management LLC now owns 11,730 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 3,986 shares during the period. WFG Advisors LP boosted its stake in shares of Spirit Realty Capital by 336.7% in the fourth quarter. WFG Advisors LP now owns 11,790 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 9,090 shares during the period. Finally, Toronto Dominion Bank acquired a new stake in shares of Spirit Realty Capital during the first quarter worth $141,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

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

Shares of Spirit Realty Capital, Inc (NYSE:SRC) traded down 0.14% on Friday, hitting $7.26. 11,492,078 shares of the stock traded hands. The stock has a market cap of $3.51 billion, a P/E ratio of 40.33 and a beta of 0.52. Spirit Realty Capital, Inc has a 52-week low of $6.64 and a 52-week high of $13.97. The stock’s 50 day moving average price is $9.14 and its 200 day moving average price is $10.30.

Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by $0.02. Spirit Realty Capital had a return on equity of 3.17% and a net margin of 16.77%. The firm had revenue of $163.19 million during the quarter, compared to analysts’ expectations of $169.84 million. On average, equities analysts expect that Spirit Realty Capital, Inc will post $0.25 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Spirit Realty Capital, Inc (SRC) Shares Sold by Waterfront Capital Partners LLC” was originally posted by Mideast Time and is the property of of Mideast Time. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.mideasttime.com/spirit-realty-capital-inc-src-shares-sold-by-waterfront-capital-partners-llc/1708830.html.

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut shares of Spirit Realty Capital from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $11.50 to $8.40 in a report on Tuesday, May 9th. FBR & Co upped their price objective on shares of Spirit Realty Capital from $8.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Janney Montgomery Scott cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a report on Thursday, May 4th. Zacks Investment Research cut shares of Spirit Realty Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, Mizuho cut shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating in a report on Thursday, May 4th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.04.

About Spirit Realty Capital

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.

12 Month Chart for NYSE:SRC

Want to see what other hedge funds are holding SRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit Realty Capital, Inc (NYSE:SRC).

Receive News & Ratings for Spirit Realty Capital Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.