5 Real Estate Stocks to Buy Now According to John Khoury’s Long Pond Capital

2. Spirit Realty Capital, Inc. (NYSE:SRC)

Long Pond Capital Stake Value: $175,847,000
Percentage of Long Pond Capital’s 13F Portfolio: 6.43%
Number of Hedge Fund Holders: 23

Spirit Realty Capital, Inc. (NYSE:SRC) is a holding company that invests in real estate. Acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, and capital markets are among the company’s in-house competencies. In November, the company declared a dividend of $0.638, in line with the previous.

In September, RBC Capital analyst Brad Heffern initiated coverage of Spirit Realty, giving the stock a “Sector Perform” rating and a $53 price objective. Long Pond Capital is the biggest shareholder in Spirit Realty Capital, Inc., with 3.82 million shares worth $175.85 million, representing 6.43% of their investment portfolio. The hedge fund has increased its stake in the firm by 48% in the third quarter of 2021.

Hedge funds are loading up on Spirit Realty Capital, Inc., as Insider Monkey’s data shows that 23 hedge funds held stakes in the company in the third quarter of 2021, compared to 19 funds a quarter earlier.