Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS lowered its stake in stocks of Spirit Realty Capital, Inc. (NYSE:SRC – Loose Document) by way of 58.1% right through the third quarter, HoldingsChannel experiences. The fund owned 28,620 stocks of the true property funding consider’s inventory after promoting 39,681 stocks right through the length. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS’s holdings in Spirit Realty Capital have been price $960,000 on the finish of the latest quarter.

A number of different massive buyers additionally just lately added to or lowered their stakes in SRC. Cash Ideas Capital Corp purchased a brand new stake in Spirit Realty Capital right through the fourth quarter price roughly $25,000. Legacy Monetary Team LLC purchased a brand new place in stocks of Spirit Realty Capital right through the 3rd quarter valued at roughly $34,000. Northwestern Mutual Wealth Control Co. purchased a brand new place in stocks of Spirit Realty Capital right through the fourth quarter valued at roughly $42,000. Covestor Ltd grew its stake in stocks of Spirit Realty Capital by way of 255.6% right through the primary quarter. Covestor Ltd now owns 1,330 stocks of the true property funding consider’s inventory valued at $61,000 after purchasing an extra 956 stocks right through the ultimate quarter. In the end, Geneos Wealth Control Inc. grew its stake in stocks of Spirit Realty Capital by way of 41.9% right through the 3rd quarter. Geneos Wealth Control Inc. now owns 1,954 stocks of the true property funding consider’s inventory valued at $66,000 after purchasing an extra 577 stocks right through the ultimate quarter. 96.09% of the inventory is owned by way of institutional buyers.

Spirit Realty Capital Inventory Down 1.6 %

Spirit Realty Capital inventory opened at $42.31 on Wednesday. The trade has a fifty day transferring moderate of $43.29 and a two-hundred day transferring moderate of $39.47. The corporate has a snappy ratio of 0.80, a present ratio of 0.80 and a debt-to-equity ratio of 0.88. The company has a marketplace cap of $5.98 billion, a P/E ratio of 24.18 and a beta of one.35. Spirit Realty Capital, Inc. has a twelve month low of $32.22 and a twelve month prime of $45.60.

Spirit Realty Capital Will increase Dividend

The trade additionally just lately introduced a quarterly dividend, which was once paid on Friday, January twelfth. Shareholders of document on Thursday, December twenty eighth have been issued a dividend of $0.67 in step with proportion. The ex-dividend date was once Wednesday, December twenty seventh. This represents a $2.68 dividend on an annualized foundation and a yield of 6.33%. This can be a sure exchange from Spirit Realty Capital’s earlier quarterly dividend of $0.67. Spirit Realty Capital’s dividend payout ratio is recently 153.14%.

Analysts Set New Worth Objectives

SRC has been the subject of plenty of analyst experiences. BNP Paribas raised Spirit Realty Capital from an “underperform” score to a “impartial” score and set a $46.00 goal worth at the inventory in a analysis observe on Tuesday, November seventh. Royal Financial institution of Canada upped their goal worth on Spirit Realty Capital from $40.00 to $43.00 and gave the corporate a “sector carry out” score in a analysis observe on Friday, November third. Janney 1st viscount montgomery of alamein Scott minimize Spirit Realty Capital from a “purchase” score to a “impartial” score and set a $40.00 goal worth at the inventory. in a analysis observe on Thursday, November 2d. StockNews.com assumed protection on Spirit Realty Capital in a analysis observe on Tuesday. They set a “dangle” score at the inventory. In the end, JMP Securities minimize Spirit Realty Capital from an “outperform” score to a “marketplace carry out” score in a analysis observe on Tuesday, October thirty first. Two funding analysts have rated the inventory with a promote score, seven have issued a dangle score and two have issued a purchase score to the corporate’s inventory. In line with knowledge from MarketBeat, the corporate right now has a consensus score of “Hang” and a mean worth goal of $41.91.

Learn Our Newest Inventory Research on Spirit Realty Capital

About Spirit Realty Capital

(Loose Document)

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that essentially invests in single-tenant, operationally very important actual property belongings, topic to long-term rentals. As of September 30, 2023, our various portfolio consisted of two,037 retail, commercial and different houses throughout 49 states, that have been leased to 338 tenants working in 37 industries.

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Need to see what different hedge price range are conserving SRC? Consult with HoldingsChannel.com to get the most recent 13F filings and insider trades for Spirit Realty Capital, Inc. (NYSE:SRC – Loose Document).

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