Trading Report: Today, Mizuho Trust & Banking Co. Ltd. Increases Position in Spirit Realty Capital Inc. (SRC)

Today, Mizuho Trust & Banking Co. Ltd. Increases Position in Spirit Realty Capital Inc. (SRC)

Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Spirit Realty Capital Inc. (NYSE:SRC) by 28.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,490 shares of the real estate investment trust’s stock after buying an additional 26,206 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in Spirit Realty Capital were worth $1,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC boosted its position in shares of Spirit Realty Capital by 1.5% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,373 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 214 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Spirit Realty Capital by 0.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 78,963 shares of the real estate investment trust’s stock worth $1,053,000 after buying an additional 222 shares during the last quarter. 1st Global Advisors Inc. boosted its position in shares of Spirit Realty Capital by 1.1% in the third quarter. 1st Global Advisors Inc. now owns 38,644 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 408 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Spirit Realty Capital by 4.8% in the second quarter. Sigma Planning Corp now owns 20,652 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 940 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of Spirit Realty Capital by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 93,163 shares of the real estate investment trust’s stock valued at $1,190,000 after buying an additional 1,226 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Shares of Spirit Realty Capital Inc. (NYSE:SRC) traded up 0.56% during mid-day trading on Friday, reaching $10.85. The company’s stock had a trading volume of 1,085,603 shares. The company’s 50-day moving average is $11.62 and its 200 day moving average is $12.46. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 48.65 and a beta of 0.61. Spirit Realty Capital Inc. has a 12 month low of $8.90 and a 12 month high of $13.97.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird raised Spirit Realty Capital from a “neutral” rating to an “outperform” rating and set a $13.00 target price for the company in a research report on Monday, November 21st. Mizuho assumed coverage on Spirit Realty Capital in a research report on Thursday, October 13th. They set a “buy” rating and a $14.50 target price for the company. Janney Montgomery Scott assumed coverage on Spirit Realty Capital in a research report on Wednesday, September 7th. They set a “buy” rating and a $14.50 target price for the company. They noted that the move was a valuation call. Finally, Morgan Stanley raised Spirit Realty Capital from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $11.00 to $15.00 in a research report on Wednesday, September 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $13.45.

In related news, CEO Thomas H. Nolan, Jr. sold 15,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $13.23, for a total value of $198,450.00. Following the completion of the transaction, the chief executive officer now directly owns 858,186 shares in the company, valued at $11,353,800.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jackson Hsieh bought 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was bought at an average price of $10.62 per share, with a total value of $100,890.00. Following the completion of the transaction, the insider now directly owns 430,970 shares of the company’s stock, valued at approximately $4,576,901.40. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

Spirit Realty Capital Company Profile

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.

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