Spirit MTA REIT (SMTA) Shares Bought by Clear Harbor Asset Management LLC

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Clear Harbor Asset Management LLC raised its position in shares of Spirit MTA REIT (NYSE:SMTA) by 132.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,337 shares of the company’s stock after purchasing an additional 94,267 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Spirit MTA REIT were worth $1,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. raised its holdings in Spirit MTA REIT by 1,079.7% in the 1st quarter. Meeder Asset Management Inc. now owns 7,432 shares of the company’s stock worth $48,000 after purchasing an additional 6,802 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Spirit MTA REIT by 27.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 7,806 shares of the company’s stock valued at $53,000 after acquiring an additional 1,669 shares during the last quarter. Menta Capital LLC acquired a new position in shares of Spirit MTA REIT during the fourth quarter valued at approximately $76,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of Spirit MTA REIT by 205.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,228 shares of the company’s stock valued at $123,000 after acquiring an additional 11,596 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of 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 valued at $128,000 after acquiring an additional 9,847 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

Shares of SMTA stock traded down $0.02 during trading hours on Friday, reaching $6.78. The company had a trading volume of 114,204 shares, compared to its average volume of 285,233. The company has a debt-to-equity ratio of 11.01, a quick ratio of 2.29 and a current ratio of 2.29. Spirit MTA REIT has a 12-month low of $6.36 and a 12-month high of $11.61.

The business also recently declared a special dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a dividend yield of 18.06%.

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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.

Further Reading: Support Level

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)

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