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

Shares of Spirit Realty Capital, Inc. (SRC) traded up 1.57% during mid-day trading on Wednesday, hitting $8.43. 7,808,438 shares of the company were exchanged. The company has a 50 day moving average of $7.66 and a 200 day moving average of $9.11. The company has a market capitalization of $4.08 billion, a P/E ratio of 46.83 and a beta of 0.55. Spirit Realty Capital, Inc. has a 52 week low of $6.64 and a 52 week high of $13.97.

Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The company had revenue of $168.65 million during the quarter, compared to analyst estimates of $163.19 million. Spirit Realty Capital had a net margin of 9.47% and a return on equity of 1.74%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 earnings per share. Equities analysts anticipate that Spirit Realty Capital, Inc. will post $0.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.54%. Spirit Realty Capital’s payout ratio is currently 514.29%.

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Several research firms have recently commented on SRC. Morgan Stanley downgraded shares of Spirit Realty Capital from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $11.50 to $8.40 in a research report on Tuesday, May 9th. Janney Montgomery Scott downgraded shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Ladenburg Thalmann Financial Services downgraded shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. ValuEngine downgraded shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Mizuho raised shares of Spirit Realty Capital from an “underperform” rating to a “neutral” rating and set a $7.50 price objective for the company in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.34.

Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in Spirit Realty Capital during the first quarter worth $109,000. PNC Financial Services Group Inc. raised its position in Spirit Realty Capital by 24.0% in the first quarter. PNC Financial Services Group Inc. now owns 11,684 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 2,265 shares during the last quarter. Penserra Capital Management LLC raised its position in Spirit Realty Capital by 51.5% in the first quarter. Penserra Capital Management LLC now owns 11,730 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 3,986 shares during the last quarter. New England Investment & Retirement Group Inc. purchased a new position in Spirit Realty Capital during the second quarter worth $100,000. Finally, Toronto Dominion Bank purchased a new position in Spirit Realty Capital during the first quarter worth $141,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

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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