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Spirit Realty Capital, Inc (New) (NYSE:SRC) Director Kevin M. Charlton purchased 4,500 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $11.24 per share, for a total transaction of $50,580.00. Following the purchase, the director now directly owns 21,829 shares in the company, valued at approximately $245,358. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Spirit Realty Capital, Inc (NYSE:SRC) traded up 0.44% during mid-day trading on Tuesday, hitting $11.34. The stock had a trading volume of 3,596,422 shares. Spirit Realty Capital, Inc has a 52 week low of $8.24 and a 52 week high of $11.6915. The stock has a 50-day moving average of $10.88 and a 200-day moving average of $10.51. The company has a market cap of $4.222 billion and a P/E ratio of 144.74.

SRC has been the subject of a number of recent research reports. Analysts at Bank of America initiated coverage on shares of Spirit Realty Capital, Inc (New) in a research note on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Ladenburg Thalmann upgraded shares of Spirit Realty Capital, Inc (New) from a “neutral” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, analysts at Deutsche Bank raised their price target on shares of Spirit Realty Capital, Inc (New) from $12.00 to $12.50 in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $11.07.

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (NYSE:SRC).

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