Nuveen Asset Management LLC Buys New Shares in Spirit MTA REIT (NYSE:SMTA)

Nuveen Asset Management LLC bought a new stake in Spirit MTA REIT (NYSE:SMTA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 332,988 shares of the company’s stock, valued at approximately $2,777,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cowen Inc. purchased a new stake in Spirit MTA REIT during the second quarter worth approximately $944,000. Vanguard Group Inc. grew its stake in Spirit MTA REIT by 4.5% during the second quarter. Vanguard Group Inc. now owns 5,756,647 shares of the company’s stock worth $48,009,000 after buying an additional 245,366 shares during the period. Echo Street Capital Management LLC grew its stake in Spirit MTA REIT by 2.1% during the second quarter. Echo Street Capital Management LLC now owns 429,835 shares of the company’s stock worth $3,585,000 after buying an additional 8,642 shares during the period. BlackRock Inc. grew its stake in Spirit MTA REIT by 1.3% during the second quarter. BlackRock Inc. now owns 3,377,699 shares of the company’s stock worth $28,170,000 after buying an additional 43,997 shares during the period. Finally, Northern Trust Corp grew its stake in Spirit MTA REIT by 4.4% during the second quarter. Northern Trust Corp now owns 590,053 shares of the company’s stock worth $4,921,000 after buying an additional 24,667 shares during the period. Hedge funds and other institutional investors own 78.88% of the company’s stock.

SMTA opened at $8.62 on Tuesday. Spirit MTA REIT has a 52-week low of $6.36 and a 52-week high of $11.59. The company has a 50 day moving average of $8.53 and a two-hundred day moving average of $8.00.

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Monday, October 14th will be paid a dividend of $8.00 per share. The ex-dividend date of this dividend is Thursday, October 10th.

Spirit MTA REIT Company 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.

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

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