Spirit Realty Capital Inc. (NYSE:SRC) insider Jackson Hsieh purchased 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were bought at an average price of $10.62 per share, with a total value of $100,890.00. Following the completion of the acquisition, the insider now owns 430,970 shares of the company’s stock, valued at approximately $4,576,901.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Spirit Realty Capital Inc. (NYSE:SRC) opened at 10.51 on Monday. The stock has a 50 day moving average of $11.88 and a 200 day moving average of $12.48. Spirit Realty Capital Inc. has a 52 week low of $8.90 and a 52 week high of $13.97. The firm has a market cap of $5.08 billion, a P/E ratio of 47.13 and a beta of 0.61.

Several research firms recently commented on SRC. Robert W. Baird upgraded shares of Spirit Realty Capital from a “neutral” rating to an “outperform” rating and set a $13.00 price target for the company in a report on Monday. Wunderlich lifted their target price on shares of Spirit Realty Capital from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Morgan Stanley upgraded shares of Spirit Realty Capital from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $11.00 to $15.00 in a research note on Wednesday, September 7th. Janney Montgomery Scott initiated coverage on shares of Spirit Realty Capital in a research note on Wednesday, September 7th. They issued a “buy” rating and a $14.50 target price for the company. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Spirit Realty Capital has an average rating of “Buy” and an average target price of $13.45.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Spirit Realty Capital by 13.2% in the second quarter. Vanguard Group Inc. now owns 73,416,649 shares of the real estate investment trust’s stock valued at $937,531,000 after buying an additional 8,571,889 shares during the last quarter. Brookfield Asset Management Inc. boosted its position in Spirit Realty Capital by 158.1% in the second quarter. Brookfield Asset Management Inc. now owns 7,731,905 shares of the real estate investment trust’s stock valued at $98,736,000 after buying an additional 4,736,348 shares during the last quarter. Cbre Clarion Securities LLC boosted its position in Spirit Realty Capital by 15.5% in the second quarter. Cbre Clarion Securities LLC now owns 34,477,440 shares of the real estate investment trust’s stock valued at $440,277,000 after buying an additional 4,614,756 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its position in Spirit Realty Capital by 31.9% in the second quarter. Lasalle Investment Management Securities LLC now owns 16,099,023 shares of the real estate investment trust’s stock valued at $205,585,000 after buying an additional 3,891,649 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its position in Spirit Realty Capital by 5.9% in the second quarter. Cohen & Steers Inc. now owns 55,493,317 shares of the real estate investment trust’s stock valued at $708,650,000 after buying an additional 3,114,272 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

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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