Spirit Realty Capital Inc. (NYSE:SRC) CFO Phillip D. Joseph, Jr. acquired 2,516 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were purchased at an average price of $10.75 per share, for a total transaction of $27,047.00. Following the completion of the transaction, the chief financial officer now directly owns 90,378 shares in the company, valued at $971,563.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Spirit Realty Capital Inc. (NYSE:SRC) opened at 10.63 on Tuesday. The stock has a market capitalization of $5.14 billion, a PE ratio of 47.67 and a beta of 0.61. Spirit Realty Capital Inc. has a 52 week low of $8.90 and a 52 week high of $13.97. The firm has a 50 day moving average of $12.21 and a 200-day moving average of $12.52.

Several institutional investors have recently bought and sold shares of SRC. Strs Ohio boosted its position in Spirit Realty Capital by 6.7% in the second quarter. Strs Ohio now owns 690,557 shares of the real estate investment trust’s stock valued at $8,818,000 after buying an additional 43,397 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Spirit Realty Capital during the second quarter valued at about $7,291,000. Sheaff Brock Investment Advisors LLC boosted its position in Spirit Realty Capital by 1.5% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,373 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 214 shares in the last quarter. BlackRock Advisors LLC boosted its position in Spirit Realty Capital by 20.7% in the second quarter. BlackRock Advisors LLC now owns 264,897 shares of the real estate investment trust’s stock valued at $3,383,000 after buying an additional 45,391 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in Spirit Realty Capital by 10.3% in the second quarter. Utah Retirement Systems now owns 97,700 shares of the real estate investment trust’s stock valued at $1,247,000 after buying an additional 9,100 shares in the last quarter. Hedge funds and other institutional investors own 97.56% of the company’s stock.

Several brokerages have recently commented on SRC. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, August 9th. BTIG Research assumed coverage on shares of Spirit Realty Capital in a research note on Thursday, August 25th. They set a “buy” rating and a $15.00 target price for the company. Morgan Stanley raised shares of Spirit Realty Capital from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $11.00 to $15.00 in a research note on Wednesday, September 7th. Janney Montgomery Scott assumed coverage on shares of Spirit Realty Capital in a research note on Wednesday, September 7th. They set a “buy” rating and a $14.50 target price for the company. They noted that the move was a valuation call. Finally, Mizuho assumed coverage on shares of Spirit Realty Capital in a research note on Thursday, October 13th. They set a “buy” rating and a $14.50 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Spirit Realty Capital currently has an average rating of “Buy” and an average target price of $13.18.

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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