Spirit Realty Capital, Inc. (NYSE: SRC) saw some unusual options trading activity on Monday. Equity investors bought 1,521 call options on the company. This is an increase of 928% over the typical volume of 148 call options.
A number of major investors recently increased or decreased their stake in SRC. Vanguard Group Inc. increased its stake in Spirit Realty Capital by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,023,985 shares in the real estate investment trust valued at $ 814,428,000 after purchasing an additional 463,369 shares last quarter. BlackRock Inc. increased its stake in Spirit Realty Capital by 6.6% in the first quarter. BlackRock Inc. now owns 15,837,534 shares in the real estate investment trust valued at $ 673,095,000 after purchasing an additional 976,318 shares in the most recent quarter. FMR LLC increased its position in Spirit Realty Capital stocks by 7.6% in the 2nd quarter. FMR LLC now owns 8,159,260 shares of the real estate investment trust valued at $ 390,340,000 after purchasing an additional 579,043 shares in the most recent quarter. State Street Corp increased its stake in Spirit Realty Capital by 4.5% in the 2nd quarter. State Street Corp now owns 5,172,969 shares of the real estate investment trust valued at $ 250,721,000 after purchasing an additional 224,534 shares during the period. Finally, Long Pond Capital LP increased its position in Spirit Realty Capital stocks by 45.2% in the second quarter. Long Pond Capital LP now owns 2,592,426 shares in the real estate investment trust valued at $ 124,022,000 after acquiring an additional 807,265 shares in the most recent quarter. Hedge funds and other institutional investors own 94.98% of the company’s shares.
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NYSE SRC opened at $ 49.42 on Tuesday. Spirit Realty Capital has a 1 year low of $ 29.40 and a 1 year high of $ 51.95. The company has a market capitalization of $ 5.89 billion, a P / E of 47.07, a price to earnings / growth ratio of 3.91, and a beta of 1.28. The company’s 50-day moving average is $ 49.24. The company has a quick ratio of 0.06, a current ratio of 0.06, and debt of 0.78.
Spirit Realty Capital (NYSE: SRC) last released its earnings results on Tuesday, August 3rd. The Real Estate Investment Trust reported $ 0.74 EPS for the quarter, reaching Thomson Reuters’ consensus estimate of $ 0.74. Spirit Realty Capital had a return on equity of 3.84% and a net margin of 23.87%. Equity analysts expect Spirit Realty Capital to post 3.02 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday September 30th will receive a dividend of $ 0.638 per share. The ex-dividend date of this dividend is Wednesday September 29th. This equates to an annual dividend of $ 2.55 and a dividend yield of 5.16%. This is an increase from Spirit Realty Capital’s previous quarterly dividend of $ 0.63. Spirit Realty Capital’s dividend payout ratio (DPR) is 84.75%.
Several equity research analysts recently rated SRC stocks. Morgan Stanley raised its price target for Spirit Realty Capital from $ 45.00 to $ 49.00 and rated the stock “equally weighted” in a research note on Thursday, June 3rd. TheStreet upgraded Spirit Realty Capital from a “c +” rating to a “b” rating in a report on Monday, August 9th. JPMorgan Chase & Co. raised their price target for Spirit Realty Capital from USD 48.00 to USD 54.00 and rated the stock as “overweight” in a research report on Tuesday, June 22nd. Truist raised his price target for Spirit Realty Capital from $ 50.00 to $ 55.00 and rated the stock as a “Buy” in a research note on Monday, August 16. They discovered that the move was a call for evaluation. Finally, Truist Securities raised its price target on Spirit Realty Capital from $ 50.00 to $ 55.00 and gave the company a Buy recommendation in a research note on Monday, August 16. Five equity research analysts have given the stock a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $ 48.76.
About Spirit Realty Capital
Spirit Realty Capital, Inc (NYSE: SRC) is a leading net lease REIT primarily investing in essential single-tenant real estate investments that are subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 condominiums with total rental space of 37.2 million square feet in 48 states included retail, industrial and office buildings rented to 296 renters in 28 retail sectors.
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