Spirit Realty Capital Inc. (NYSE:SRC) shares saw strong trading volume on Thursday . 8,094,686 shares changed hands during trading, an increase of 86% from the previous session’s volume of 4,349,175 shares.The stock last traded at $13.58 and had previously closed at $13.39.

Several equities research analysts have issued reports on the stock. TheStreet upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating in a research report on Thursday, May 12th. Wunderlich lifted their price target on shares of Spirit Realty Capital from $12.50 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, May 10th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Spirit Realty Capital in a research report on Monday, May 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Spirit Realty Capital currently has an average rating of “Buy” and an average target price of $11.67.

The company has a market cap of $6.48 billion and a PE ratio of 51.80. The firm has a 50 day moving average price of $12.65 and a 200-day moving average price of $11.38.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.18%. The ex-dividend date was Tuesday, June 28th.

In other Spirit Realty Capital news, CEO Thomas H. Nolan, Jr. sold 15,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $11.48, for a total value of $172,200.00. Following the sale, the chief executive officer now owns 873,186 shares of the company’s stock, valued at approximately $10,024,175.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

A number of large investors have recently made changes to their positions in SRC. Bank of Montreal Can raised its stake 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 worth $1,328,000 after buying an additional 119,222 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Spirit Realty Capital 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. First Trust Advisors LP raised its stake in shares of Spirit Realty Capital by 6.4% in the fourth quarter. First Trust Advisors LP now owns 169,969 shares of the real estate investment trust’s stock worth $1,703,000 after buying an additional 10,177 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Spirit Realty Capital by 3.2% in the fourth quarter. Rhumbline Advisers now owns 302,318 shares of the real estate investment trust’s stock worth $3,029,000 after buying an additional 9,310 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Spirit Realty Capital 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.

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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