Spirit Realty Capital, Inc. (NYSE:SRC) CFO Phillip D. Joseph, Jr. bought 3,636 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $8.25 per share, with a total value of $29,997.00. Following the purchase, the chief financial officer now owns 138,504 shares in the company, valued at approximately $1,142,658. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Spirit Realty Capital, Inc. (SRC) traded down 1.43% during trading on Friday, reaching $8.26. 13,377,987 shares of the company were exchanged. Spirit Realty Capital, Inc. has a one year low of $6.64 and a one year high of $13.95. The firm’s 50 day moving average price is $7.81 and its 200-day moving average price is $8.99. The stock 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 (NYSE:SRC) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $168.65 million for the quarter, compared to the consensus estimate of $163.19 million. Spirit Realty Capital had a net margin of 9.47% and a return on equity of 1.74%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share. On average, equities research analysts predict that Spirit Realty Capital, Inc. will post $0.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders 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 was Wednesday, June 28th. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 514.29%.

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A number of analysts have recently issued reports on SRC shares. J P Morgan Chase & Co cut shares of Spirit Realty Capital from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $13.00 to $9.00 in a research note on Thursday, May 4th. Janney Montgomery Scott cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, May 4th. Mizuho cut shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 4th. Ladenburg Thalmann Financial Services cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, May 4th. Finally, Sandler O’Neill cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating and cut their target price for the stock from $13.00 to $9.00 in a research note on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.67.

Large investors have recently added to or reduced their stakes in the stock. Financial & Investment Management Group Ltd. acquired a new stake in Spirit Realty Capital during the first quarter valued at approximately $4,797,000. Quantitative Systematic Strategies LLC increased its stake in Spirit Realty Capital by 124.4% in the first quarter. Quantitative Systematic Strategies LLC now owns 215,610 shares of the real estate investment trust’s stock valued at $2,184,000 after buying an additional 119,515 shares during the period. State of Alaska Department of Revenue increased its stake in Spirit Realty Capital by 147.6% in the first quarter. State of Alaska Department of Revenue now owns 227,821 shares of the real estate investment trust’s stock valued at $2,307,000 after buying an additional 135,800 shares during the period. IFC Holdings Incorporated FL increased its stake in Spirit Realty Capital by 9.2% in the first quarter. IFC Holdings Incorporated FL now owns 23,778 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 2,000 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Spirit Realty Capital during the first quarter valued at approximately $109,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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