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Spirit Realty Capital, Inc (New) (NYSE:SRC)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a research report issued on Wednesday. They currently have a $12.00 price objective on the stock, up from their previous price objective of $11.00. Morgan Stanley’s target price points to a potential upside of 6.10% from the company’s current price.

The analysts wrote, “SRC’s recent capital activity provides options to reduce its high Shopko concentration which has been a concern among investors. Our new SOTP drives our $12 PT, and we are now incrementally more positive on the stock but remain Equal-weight given better risk-reward elsewhere.”

In other Spirit Realty Capital, Inc (New) news, Director Kevin M. Charlton acquired 4,500 shares of the stock on the open market in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $11.24 per share, with a total value of $50,580.00. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Shares of Spirit Realty Capital, Inc (NYSE:SRC) opened at 11.31 on Wednesday. Spirit Realty Capital, Inc has a 52 week low of $8.24 and a 52 week high of $11.48. The stock has a 50-day moving average of $10.89 and a 200-day moving average of $10.53. The company has a market cap of $4.211 billion and a price-to-earnings ratio of 145.00.

Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Spirit Realty Capital, Inc (New) has an average rating of “Hold” and a consensus target price of $11.26.

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

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