Spirit Realty Capital, Inc (NYSE:SRC) EVP Boyd Messmann bought 10,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were acquired at an average price of $7.19 per share, with a total value of $71,900.00. Following the purchase, the executive vice president now owns 73,656 shares of the company’s stock, valued at $529,586.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Spirit Realty Capital, Inc (NYSE:SRC) traded down 2.04% during trading on Friday, hitting $7.20. 16,598,246 shares of the stock traded hands. The stock has a market cap of $3.48 billion, a PE ratio of 40.00 and a beta of 0.52. Spirit Realty Capital, Inc has a one year low of $6.64 and a one year high of $13.97. The company has a 50-day moving average price of $8.80 and a 200 day moving average price of $10.18.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. Spirit Realty Capital had a return on equity of 3.17% and a net margin of 16.77%. The company had revenue of $163.19 million for the quarter, compared to analyst estimates of $169.84 million. Analysts expect that Spirit Realty Capital, Inc will post $0.24 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRC. NEXT Financial Group Inc raised its position in Spirit Realty Capital by 17.5% in the third quarter. NEXT Financial Group Inc now owns 16,794 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 2,503 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Spirit Realty Capital by 6.4% in the third quarter. Daiwa Securities Group Inc. now owns 24,993,950 shares of the real estate investment trust’s stock valued at $333,169,000 after buying an additional 1,500,450 shares in the last quarter. BlackRock Investment Management LLC raised its position in Spirit Realty Capital by 4.8% in the third quarter. BlackRock Investment Management LLC now owns 251,095 shares of the real estate investment trust’s stock valued at $3,347,000 after buying an additional 11,595 shares in the last quarter. Harrison Street Securities LLC raised its position in Spirit Realty Capital by 40.2% in the third quarter. Harrison Street Securities LLC now owns 63,230 shares of the real estate investment trust’s stock valued at $843,000 after buying an additional 18,115 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its position in Spirit Realty Capital by 24.5% in the third quarter. AMP Capital Investors Ltd now owns 9,618,826 shares of the real estate investment trust’s stock valued at $128,987,000 after buying an additional 1,891,200 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Several research firms have weighed in on SRC. JPMorgan Chase & Co. lowered shares of Spirit Realty Capital from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $13.00 to $9.00 in a research note on Thursday, May 4th. Zacks Investment Research lowered shares of Spirit Realty Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 17th. Janney Montgomery Scott lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, May 4th. Sandler O’Neill lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $13.00 to $9.00 in a research note on Thursday, May 4th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $10.00 target price (down previously from $14.00) on shares of Spirit Realty Capital in a research note on Friday, May 5th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.04.

About Spirit Realty Capital

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.

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