Spirit Realty Capital, Inc (New) Hits New 12-Month High at $11.57 (SRC)
Spirit Realty Capital, Inc (New) (NYSE:SRC) shares reached a new 52-week high during mid-day trading on Tuesday , AnalystRatings.Net reports. The company traded as high as $11.57 and last traded at $11.49, with a volume of 964,258 shares trading hands. The stock had previously closed at $11.46.
Several analysts have recently commented on the stock. Analysts at Bank of America upgraded shares of Spirit Realty Capital, Inc (New) from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $12.00 price target on the stock, up previously from $11.50. Separately, analysts at Zacks upgraded shares of Spirit Realty Capital, Inc (New) from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 3rd. They now have a $12.40 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Spirit Realty Capital, Inc (New) in a research note on Wednesday, May 28th. They now have a $12.00 price target on the stock, up previously from $11.00. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $11.48.
The stock’s 50-day moving average is $11.21 and its 200-day moving average is $10.72. The company has a market cap of $4.270 billion and a P/E ratio of 146.92.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.1663 per share. This represents a $0.67 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date is Thursday, June 26th.
Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (NYSE:SRC).
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