Spirit Realty Capital Inc. (NYSE:SRC) reached a new 52-week high during trading on Monday . The company traded as high as $13.21 and last traded at $13.19, with a volume of 1,417,994 shares changing hands. The stock had previously closed at $13.14.

SRC has been the subject of a number of recent analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of Spirit Realty Capital in a report on Friday, April 15th. TheStreet upgraded Spirit Realty Capital from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Finally, Wunderlich increased their price target on Spirit Realty Capital from $12.50 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 10th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $11.55.

The firm has a 50-day moving average of $12.00 and a 200-day moving average of $11.06. The stock has a market capitalization of $6.32 billion and a P/E ratio of 50.479.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. During the same period last year, the business earned $0.21 EPS. The firm had revenue of $168.40 million for the quarter, compared to analyst estimates of $162.51 million. The company’s revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that Spirit Realty Capital Inc. will post $0.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Tuesday, June 28th.

In other Spirit Realty Capital news, CEO Thomas H. Nolan, Jr. sold 15,000 shares of Spirit Realty Capital stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $11.48, for a total transaction of $172,200.00. Following the transaction, the chief executive officer now directly owns 873,186 shares of the company’s stock, valued at approximately $10,024,175.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds and institutional investors recently made changes to their positions in SRC. Dimensional Fund Advisors LP increased its position in shares of Spirit Realty Capital by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,905,468 shares of the real estate investment trust’s stock valued at $59,172,000 after buying an additional 158,110 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Spirit Realty Capital by 56.2% in the fourth quarter. Principal Financial Group Inc. now owns 106,791 shares of the real estate investment trust’s stock valued at $1,070,000 after buying an additional 38,426 shares during the last quarter. Bank of Montreal Can increased its position in shares of Spirit Realty Capital by 892.0% in the fourth quarter. Bank of Montreal Can now owns 132,587 shares of the real estate investment trust’s stock valued at $1,328,000 after buying an additional 119,222 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Spirit Realty Capital by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 62,476,210 shares of the real estate investment trust’s stock valued at $626,012,000 after buying an additional 2,994,914 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Spirit Realty Capital by 0.4% in the fourth quarter. Teacher Retirement System of Texas now owns 469,369 shares of the real estate investment trust’s stock valued at $4,703,000 after buying an additional 1,642 shares during the last quarter.

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.

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