Spirit MTA REIT (NYSE:SMTA) Sees Large Volume Increase

Share on StockTwits

Shares of Spirit MTA REIT (NYSE:SMTA) saw unusually-strong trading volume on Wednesday . Approximately 1,364,910 shares traded hands during mid-day trading, an increase of 331% from the previous session’s volume of 316,567 shares.The stock last traded at $8.54 and had previously closed at $8.50.

The business’s 50-day moving average price is $8.46 and its 200 day moving average price is $7.68.

Several hedge funds have recently added to or reduced their stakes in the company. Wolverine Trading LLC bought a new stake in shares of Spirit MTA REIT during the 2nd quarter valued at $106,000. Indaba Capital Management L.P. raised its position in Spirit MTA REIT by 1.2% in the 2nd quarter. Indaba Capital Management L.P. now owns 3,470,415 shares of the company’s stock worth $28,943,000 after buying an additional 42,690 shares during the last quarter. Cowen Inc. purchased a new position in Spirit MTA REIT in the 2nd quarter worth about $944,000. Susquehanna International Group LLP purchased a new position in Spirit MTA REIT in the 2nd quarter worth about $144,000. Finally, Nuveen Asset Management LLC purchased a new position in Spirit MTA REIT in the 2nd quarter worth about $2,777,000. Institutional investors own 76.88% of the company’s stock.

About Spirit MTA REIT (NYSE:SMTA)

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.

Recommended Story: Using the New Google Finance Tool

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.



Latest News

Beacon Pointe Advisors LLC Buys New Stake in iShares Dow Jones US Health Care
Beacon Pointe Advisors LLC Buys New Stake in iShares Dow Jones US Health Care
Westamerica Bancorporation  Upgraded at BidaskClub
Westamerica Bancorporation Upgraded at BidaskClub
WhiteHorse Finance  Raised to “Buy” at BidaskClub
WhiteHorse Finance Raised to “Buy” at BidaskClub
United Therapeutics  Upgraded to “Hold” by BidaskClub
United Therapeutics Upgraded to “Hold” by BidaskClub
TrustCo Bank Corp NY  Stock Rating Upgraded by BidaskClub
TrustCo Bank Corp NY Stock Rating Upgraded by BidaskClub
Umpqua  Rating Increased to Sell at BidaskClub
Umpqua Rating Increased to Sell at BidaskClub


© 2006-2019 Ticker Report