Northern Trust Corp reduced its holdings in Spirit MTA REIT (NYSE:SMTA) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 698,481 shares of the company’s stock after selling 51,165 shares during the quarter. Northern Trust Corp owned 1.62% of Spirit MTA REIT worth $4,979,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of SMTA. Vanguard Group Inc. increased its position in shares of Spirit MTA REIT by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,385,164 shares of the company’s stock valued at $73,557,000 after purchasing an additional 175,164 shares during the period. Vanguard Group Inc increased its position in shares of Spirit MTA REIT by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 6,385,164 shares of the company’s stock valued at $73,557,000 after purchasing an additional 175,164 shares during the period. BlackRock Inc. increased its position in shares of Spirit MTA REIT by 2.4% during the 4th quarter. BlackRock Inc. now owns 4,190,093 shares of the company’s stock valued at $29,875,000 after purchasing an additional 96,799 shares during the period. Hill Winds Capital LP acquired a new position in shares of Spirit MTA REIT during the 4th quarter valued at $4,350,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Spirit MTA REIT by 3,419.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 99,600 shares of the company’s stock valued at $710,000 after purchasing an additional 96,770 shares during the period. Hedge funds and other institutional investors own 83.51% of the company’s stock.
Shares of SMTA stock opened at $6.78 on Friday. Spirit MTA REIT has a 1 year low of $6.36 and a 1 year high of $11.61. The company has a debt-to-equity ratio of 11.01, a quick ratio of 2.29 and a current ratio of 2.29.
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Spirit MTA REIT Company Profile
Spirit MTA REIT owns investments in a portfolio of primarily single-tenant properties in the United States. It has a portfolio of approximately 901 properties. The company would elect to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.
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