Spirit Realty Capital Inc (SRC) Position Increased by Schwab Charles Investment Management Inc.

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Schwab Charles Investment Management Inc. raised its position in Spirit Realty Capital Inc (NYSE:SRC) by 41.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,597,028 shares of the real estate investment trust’s stock after purchasing an additional 1,056,325 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.84% of Spirit Realty Capital worth $28,885,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SRC. Daiwa Securities Group Inc. raised its stake in Spirit Realty Capital by 14.8% during the first quarter. Daiwa Securities Group Inc. now owns 58,300 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 7,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Spirit Realty Capital by 9.7% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 73,039 shares of the real estate investment trust’s stock worth $567,000 after acquiring an additional 6,449 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Spirit Realty Capital by 4.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 447,075 shares of the real estate investment trust’s stock worth $3,469,000 after acquiring an additional 19,505 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Spirit Realty Capital by 82.1% during the first quarter. Meeder Asset Management Inc. now owns 35,579 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 16,041 shares in the last quarter. Finally, Swiss National Bank raised its stake in Spirit Realty Capital by 2.1% during the first quarter. Swiss National Bank now owns 797,473 shares of the real estate investment trust’s stock worth $6,188,000 after acquiring an additional 16,700 shares in the last quarter. 91.24% of the stock is currently owned by institutional investors.

Shares of SRC stock opened at $8.30 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.59 billion, a PE ratio of 9.73 and a beta of 0.44. Spirit Realty Capital Inc has a 52 week low of $7.34 and a 52 week high of $8.84.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Thursday, September 27th. Spirit Realty Capital’s payout ratio is presently 84.71%.

SRC has been the subject of several recent analyst reports. Zacks Investment Research upgraded Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research note on Wednesday, May 9th. BTIG Research lowered Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, June 21st. TheStreet upgraded Spirit Realty Capital from a “c” rating to a “b-” rating in a research note on Wednesday, August 8th. Finally, ValuEngine lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Spirit Realty Capital has an average rating of “Hold” and an average target price of $9.08.

About Spirit Realty Capital

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 providing superior risk adjusted returns and steady dividend growth for our stockholders.

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

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