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Spirit Realty Capital, Inc (New) (NYSE:SRC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $12.40 price target on the stock. Zacks‘s target price indicates a potential upside of 10.12% from the stock’s previous close.

A number of other analysts have also recently weighed in on SRC. 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, June 24th. They now have a $12.00 price target on the stock, up previously from $11.50. Separately, 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $11.48.

Shares of Spirit Realty Capital, Inc (NYSE:SRC) traded up 0.18% during mid-day trading on Wednesday, hitting $11.28. 570,283 shares of the company’s stock traded hands. Spirit Realty Capital, Inc has a 52 week low of $8.24 and a 52 week high of $11.57. The stock’s 50-day moving average is $11.32 and its 200-day moving average is $10.84. The company has a market cap of $4.200 billion and a P/E ratio of 144.36.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.1663 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.91%. 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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