Spirit Realty Capital Inc. (SRC) Shares Down 1.9%
Spirit Realty Capital Inc. (NYSE:SRC)’s share price traded down 1.9% on Friday . The stock traded as low as $13.13 and last traded at $13.17, with a volume of 3,691,152 shares trading hands. The stock had previously closed at $13.42.
Several equities analysts recently weighed in on the company. TheStreet raised Spirit Realty Capital from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Spirit Realty Capital in a research note on Monday, May 9th. Finally, Wunderlich raised their price target on Spirit Realty Capital from $12.50 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, May 10th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Spirit Realty Capital presently has a consensus rating of “Buy” and a consensus price target of $11.67.
The firm has a market cap of $6.35 billion and a price-to-earnings ratio of 50.69. The stock has a 50 day moving average of $12.91 and a 200-day moving average of $11.54.
Spirit Realty Capital (NYSE:SRC) last released its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. During the same quarter last year, the company earned $0.22 earnings per share. The firm earned $171.70 million during the quarter, compared to analyst estimates of $164.29 million. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts expect that Spirit Realty Capital Inc. will post $0.87 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $0.175 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.70 annualized dividend and a dividend yield of 5.29%.
In other Spirit Realty Capital news, CEO Thomas H. Nolan, Jr. sold 15,000 shares of the company’s stock in a transaction 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 owns 873,186 shares of the company’s stock, valued at $10,024,175.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Other hedge funds and institutional investors recently bought and sold shares of the company. Rhumbline Advisers boosted its position in 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. First Trust Advisors LP boosted its position in 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. Bank of Montreal Can boosted its position in 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. Dimensional Fund Advisors LP boosted its position in 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. Finally, Vanguard Group Inc. boosted its position in 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.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.