Spirit Realty Capital, Inc (New) (NYSE:SRC) shares fell 1.7% on Thursday . The stock traded as low as $12.97 and last traded at $12.99, with a volume of 1,230,014 shares changing hands. The stock had previously closed at $13.21.

Several research firms have weighed in on SRC. TheStreet raised shares of Spirit Realty Capital, Inc (New) from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Wunderlich increased their price target on shares of Spirit Realty Capital, Inc (New) from $12.50 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 10th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Spirit Realty Capital, Inc (New) in a report on Monday, May 9th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $11.55.

The stock has a market cap of $6.23 billion and a price-to-earnings ratio of 49.77. The stock’s 50-day moving average price is $12.21 and its 200 day moving average price is $11.15.

Spirit Realty Capital, Inc (New) (NYSE:SRC) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The company earned $168.40 million during the quarter, compared to analysts’ expectations of $162.51 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The firm’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 paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date of this dividend is Tuesday, June 28th.

In other Spirit Realty Capital, Inc (New) news, CEO Thomas H. Nolan, Jr. sold 15,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $11.48, for a total value of $172,200.00. Following the transaction, the chief executive officer now directly owns 873,186 shares in the company, valued at $10,024,175.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Several hedge funds have made changes to their positions in SRC. Vanguard Group Inc. boosted its stake in shares of Spirit Realty Capital, Inc (New) by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 62,476,210 shares of the real estate investment trust’s stock worth $626,012,000 after buying an additional 2,994,914 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Spirit Realty Capital, Inc (New) 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 worth $59,172,000 after buying an additional 158,110 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Spirit Realty Capital, Inc (New) by 892.0% in the fourth quarter. Bank of Montreal Can now owns 132,587 shares of the real estate investment trust’s stock worth $1,328,000 after buying an additional 119,222 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Spirit Realty Capital, Inc (New) by 8.4% in the fourth quarter. California Public Employees Retirement System now owns 1,025,046 shares of the real estate investment trust’s stock worth $10,271,000 after buying an additional 79,700 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Spirit Realty Capital, Inc (New) by 11.9% in the fourth quarter. ProShare Advisors LLC now owns 159,487 shares of the real estate investment trust’s stock worth $1,598,000 after buying an additional 16,925 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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