Spirit Realty Capital, Inc. (NYSE:SRC) CFO Phillip D. Joseph, Jr. acquired 6,061 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $8.25 per share, for a total transaction of $50,003.25. Following the purchase, the chief financial officer now owns 138,504 shares of the company’s stock, valued at $1,142,658. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Spirit Realty Capital, Inc. (NYSE SRC) traded down 1.43% during midday trading on Friday, hitting $8.26. 13,377,987 shares of the company’s stock traded hands. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 62.58 and a beta of 0.55. Spirit Realty Capital, Inc. has a 1-year low of $6.64 and a 1-year high of $13.95. The company has a 50 day moving average price of $7.81 and a 200 day moving average price of $8.99.

Spirit Realty Capital (NYSE:SRC) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Spirit Realty Capital had a net margin of 9.47% and a return on equity of 1.74%. The business had revenue of $168.65 million for the quarter, compared to analyst estimates of $163.19 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. Equities analysts anticipate that Spirit Realty Capital, Inc. will post $0.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend was Wednesday, June 28th. Spirit Realty Capital’s dividend payout ratio is currently 514.29%.

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A number of institutional investors have recently made changes to their positions in SRC. Comerica Bank increased its position in shares of Spirit Realty Capital by 12.4% in the first quarter. Comerica Bank now owns 42,816 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 4,729 shares in the last quarter. Princeton Alpha Management LP purchased a new position in shares of Spirit Realty Capital during the first quarter valued at about $822,000. Canada Pension Plan Investment Board increased its position in shares of Spirit Realty Capital by 102.2% in the first quarter. Canada Pension Plan Investment Board now owns 81,100 shares of the real estate investment trust’s stock valued at $822,000 after buying an additional 41,000 shares in the last quarter. BB&T Corp increased its position in shares of Spirit Realty Capital by 10.4% in the first quarter. BB&T Corp now owns 31,222 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 2,937 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Spirit Realty Capital by 13.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,486,418 shares of the real estate investment trust’s stock valued at $15,057,000 after buying an additional 170,865 shares in the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on SRC shares. Deutsche Bank AG reiterated a “buy” rating and set a $10.00 price objective (down previously from $14.00) on shares of Spirit Realty Capital in a research note on Friday, May 5th. BidaskClub upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Morgan Stanley lowered shares of Spirit Realty Capital from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $11.50 to $8.40 in a research note on Tuesday, May 9th. ValuEngine lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Sandler O’Neill lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $13.00 to $9.00 in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Spirit Realty Capital has an average rating of “Hold” and a consensus target price of $10.67.

Spirit Realty Capital Company Profile

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.

Insider Buying and Selling by Quarter for Spirit Realty Capital (NYSE:SRC)

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