Toronto Dominion Bank Has $823,000 Holdings in Spirit Realty Capital, Inc. (NYSE:SRC)

Toronto Dominion Bank lessened its holdings in Spirit Realty Capital, Inc. (NYSE:SRC) by 7.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,872 shares of the real estate investment trust’s stock after selling 1,526 shares during the period. Toronto Dominion Bank’s holdings in Spirit Realty Capital were worth $823,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Spirit Realty Capital by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 17,023,985 shares of the real estate investment trust’s stock worth $814,428,000 after acquiring an additional 463,369 shares during the last quarter. FMR LLC lifted its position in Spirit Realty Capital by 7.6% during the 2nd quarter. FMR LLC now owns 8,159,260 shares of the real estate investment trust’s stock worth $390,340,000 after acquiring an additional 579,043 shares during the last quarter. State Street Corp lifted its position in Spirit Realty Capital by 4.5% during the 2nd quarter. State Street Corp now owns 5,172,969 shares of the real estate investment trust’s stock worth $250,721,000 after acquiring an additional 224,534 shares during the last quarter. Long Pond Capital LP lifted its position in Spirit Realty Capital by 45.2% during the 2nd quarter. Long Pond Capital LP now owns 2,592,426 shares of the real estate investment trust’s stock worth $124,022,000 after acquiring an additional 807,265 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Spirit Realty Capital by 13.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,924,595 shares of the real estate investment trust’s stock worth $92,073,000 after acquiring an additional 234,326 shares during the last quarter. 93.08% of the stock is owned by institutional investors and hedge funds.

NYSE SRC opened at $49.61 on Friday. The stock has a market cap of $6.12 billion, a P/E ratio of 39.37, a PEG ratio of 2.08 and a beta of 1.32. The company’s 50-day simple moving average is $47.35 and its 200 day simple moving average is $48.64. Spirit Realty Capital, Inc. has a twelve month low of $36.95 and a twelve month high of $52.29. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.75.

Spirit Realty Capital (NYSE:SRC) last posted its earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.48). The business had revenue of $151.38 million during the quarter, compared to the consensus estimate of $151.95 million. Spirit Realty Capital had a net margin of 26.94% and a return on equity of 4.48%. During the same period in the previous year, the firm earned $0.72 EPS. Research analysts anticipate that Spirit Realty Capital, Inc. will post 3.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were paid a dividend of $0.638 per share. The ex-dividend date was Thursday, December 30th. This represents a $2.55 annualized dividend and a yield of 5.14%. Spirit Realty Capital’s dividend payout ratio is 202.38%.

SRC has been the subject of a number of research analyst reports. Royal Bank of Canada initiated coverage on shares of Spirit Realty Capital in a research report on Friday, September 17th. They set a “sector perform” rating and a $53.00 price objective for the company. Wolfe Research initiated coverage on shares of Spirit Realty Capital in a research report on Friday, December 10th. They set an “outperform” rating and a $57.00 price objective for the company. Morgan Stanley cut their price objective on shares of Spirit Realty Capital from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, December 3rd. Zacks Investment Research lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, December 7th. Finally, Janney Montgomery Scott raised shares of Spirit Realty Capital from a “neutral” rating to a “buy” rating and upped their price objective for the company from $52.00 to $53.00 in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $53.45.

Spirit Realty Capital Company Profile

Spirit Realty Capital, Inc operates as a holding company. Its in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting and capital markets. The company was founded on August 14, 2003 and is headquartered in Dallas, TX.

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

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