HGI Capital Management LLC Acquires Shares of 171,443 Spirit MTA REIT (NYSE:SMTA)

HGI Capital Management LLC acquired a new stake in Spirit MTA REIT (NYSE:SMTA) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 171,443 shares of the company’s stock, valued at approximately $1,430,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Menta Capital LLC increased its position in shares of Spirit MTA REIT by 173.5% in the first quarter. Menta Capital LLC now owns 28,999 shares of the company’s stock valued at $188,000 after acquiring an additional 18,398 shares during the period. Norges Bank purchased a new position in shares of Spirit MTA REIT in the fourth quarter valued at about $3,299,000. Clear Harbor Asset Management LLC increased its position in shares of Spirit MTA REIT by 132.6% in the first quarter. Clear Harbor Asset Management LLC now owns 165,337 shares of the company’s stock valued at $1,073,000 after acquiring an additional 94,267 shares during the period. Arlington Partners LLC purchased a new position in shares of Spirit MTA REIT in the second quarter valued at about $68,000. Finally, Geode Capital Management LLC increased its position in shares of Spirit MTA REIT by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 558,708 shares of the company’s stock valued at $3,983,000 after acquiring an additional 26,663 shares during the period. Hedge funds and other institutional investors own 79.07% of the company’s stock.

Shares of SMTA traded up $0.08 during trading hours on Tuesday, reaching $8.44. 925 shares of the company traded hands, compared to its average volume of 318,223. The firm has a fifty day moving average price of $8.47. Spirit MTA REIT has a 12 month low of $6.36 and a 12 month high of $11.61.

The business also recently announced a special dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, June 27th.

Spirit MTA REIT Profile

Spirit MTA REIT (NYSE: SMTA) is a net-lease REIT headquartered in Dallas, Texas. SMTA owns one of the largest, most diversified and seasoned commercial real estate backed master funding vehicles. SMTA is managed by Spirit Realty, L.P., a wholly-owned subsidiary of Spirit (NYSE: SRC), one of the largest publicly traded triple net-lease REITs.

Featured Story: How a Put Option Works

Want to see what other hedge funds are holding SMTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spirit MTA REIT (NYSE:SMTA).

Institutional Ownership by Quarter for Spirit MTA REIT (NYSE:SMTA)

Receive News & Ratings for Spirit MTA REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit MTA REIT and related companies with MarketBeat.com's FREE daily email newsletter.