Spirit Realty Capital Inc. (NYSE:SRC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $13.90 and last traded at $13.57, with a volume of 3,127,381 shares changing hands. The stock had previously closed at $13.67.

SRC has been the topic of several research analyst reports. Deutsche Bank AG restated a “buy” rating on shares of Spirit Realty Capital in a research note on Friday, April 15th. TheStreet upgraded Spirit Realty Capital from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Finally, Wunderlich raised their price objective on Spirit Realty Capital from $12.50 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, May 10th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Spirit Realty Capital has an average rating of “Buy” and an average price target of $11.67.

The stock’s 50 day moving average price is $12.84 and its 200-day moving average price is $11.51. The company has a market cap of $6.38 billion and a P/E ratio of 51.00.

Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings data on Wednesday, August 3rd. 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 $171.70 million during the quarter, compared to the consensus estimate of $164.29 million. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. On average, equities analysts anticipate that Spirit Realty Capital Inc. will post $0.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was 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 that occurred on Wednesday, June 1st. The stock was 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 of the company’s stock, valued at approximately $10,024,175.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

A number of hedge funds and institutional investors have modified their holdings of the company. 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 in 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 in 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 in the last quarter. Rhumbline Advisers increased its position 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 valued at $3,029,000 after buying an additional 9,310 shares in the last quarter. Finally, First Trust Advisors LP increased its position 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 valued at $1,703,000 after buying an additional 10,177 shares in 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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