Spirit Realty Capital, Inc (SRC) Shares Sold by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lowered its holdings in Spirit Realty Capital, Inc (NYSE:SRC) by 45.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,748 shares of the real estate investment trust’s stock after selling 28,704 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Spirit Realty Capital were worth $301,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vivaldi Capital Management LLC purchased a new stake in Spirit Realty Capital in the second quarter valued at $111,000. Chicago Equity Partners LLC purchased a new stake in Spirit Realty Capital in the second quarter valued at $119,000. Arete Wealth Advisors LLC raised its position in Spirit Realty Capital by 12.5% in the second quarter. Arete Wealth Advisors LLC now owns 16,583 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 1,838 shares during the period. Harvest Fund Management Co. Ltd raised its position in Spirit Realty Capital by 123.3% in the second quarter. Harvest Fund Management Co. Ltd now owns 16,662 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 9,200 shares during the period. Finally, Lincoln National Corp raised its position in Spirit Realty Capital by 1.3% in the second quarter. Lincoln National Corp now owns 18,259 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 232 shares during the period. Institutional investors own 92.68% of the company’s stock.

Shares of Spirit Realty Capital, Inc (NYSE:SRC) traded down $0.03 during midday trading on Friday, reaching $8.46. The company’s stock had a trading volume of 4,874,200 shares, compared to its average volume of 9,955,511. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.19. Spirit Realty Capital, Inc has a 12 month low of $6.64 and a 12 month high of $11.29. The stock has a market cap of $3,866.01, a P/E ratio of 9.98 and a beta of 0.56.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.72 annualized dividend and a yield of 8.51%. Spirit Realty Capital’s dividend payout ratio (DPR) is 800.00%.

A number of equities research analysts have commented on the company. B. Riley set a $9.00 target price on Spirit Realty Capital and gave the company a “buy” rating in a research report on Tuesday, November 14th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Spirit Realty Capital in a report on Monday, November 13th. Robert W. Baird downgraded Spirit Realty Capital from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $9.00 in a report on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and issued a $8.50 price objective on shares of Spirit Realty Capital in a report on Friday, November 3rd. Finally, Mizuho set a $9.00 price objective on Spirit Realty Capital and gave the company a “buy” rating in a report on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.47.

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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.

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

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