Strs Ohio Increases Stake in Spirit MTA REIT (SMTA)
Strs Ohio grew its position in Spirit MTA REIT (NYSE:SMTA) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,718 shares of the company’s stock after purchasing an additional 15,733 shares during the period. Strs Ohio’s holdings in Spirit MTA REIT were worth $532,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in Spirit MTA REIT by 732.7% during the third quarter. PNC Financial Services Group Inc. now owns 11,191 shares of the company’s stock worth $128,000 after acquiring an additional 9,847 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Spirit MTA REIT during the third quarter worth about $139,000. Public Employees Retirement Association of Colorado grew its holdings in Spirit MTA REIT by 73.4% during the third quarter. Public Employees Retirement Association of Colorado now owns 12,583 shares of the company’s stock worth $145,000 after acquiring an additional 5,328 shares during the period. State of Alaska Department of Revenue acquired a new stake in Spirit MTA REIT during the third quarter worth about $158,000. Finally, LPL Financial LLC acquired a new stake in Spirit MTA REIT during the third quarter worth about $177,000. 86.70% of the stock is currently owned by institutional investors and hedge funds.
Spirit MTA REIT stock traded down $0.05 during midday trading on Monday, hitting $8.03. 4,886 shares of the company were exchanged, compared to its average volume of 229,420. Spirit MTA REIT has a fifty-two week low of $6.99 and a fifty-two week high of $11.61. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 11.01.
About Spirit MTA REIT
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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