Spirit Realty Capital, Inc. (NYSE:SRC)‘s stock had its “hold” rating restated by equities researchers at Ladenburg Thalmann Financial Services in a report released on Monday.

Several other research analysts have also commented on the stock. Robert W. Baird lowered shares of Spirit Realty Capital from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $10.00 to $9.00 in a report on Friday. B. Riley reaffirmed a “buy” rating on shares of Spirit Realty Capital in a report on Friday, November 3rd. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $8.50 price target on shares of Spirit Realty Capital in a report on Friday, November 3rd. Mizuho set a $9.00 price target on shares of Spirit Realty Capital and gave the company a “buy” rating in a report on Sunday, October 22nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $11.00 price target on shares of Spirit Realty Capital in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.51.

Spirit Realty Capital (NYSE:SRC) traded down $0.06 during midday trading on Monday, hitting $8.56. 4,535,900 shares of the stock traded hands, compared to its average volume of 10,538,602. Spirit Realty Capital has a 1-year low of $6.64 and a 1-year high of $11.29. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $3,902.48, a price-to-earnings ratio of 10.07 and a beta of 0.56.

Spirit Realty Capital announced that its board has approved a share repurchase program on Monday, August 14th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP acquired a new stake in shares of Spirit Realty Capital during the third quarter valued at approximately $1,515,000. Dimensional Fund Advisors LP raised its holdings in shares of Spirit Realty Capital by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,298,760 shares of the real estate investment trust’s stock valued at $62,548,000 after acquiring an additional 366,545 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Spirit Realty Capital by 10.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,997,320 shares of the real estate investment trust’s stock valued at $17,118,000 after acquiring an additional 196,753 shares during the period. HGI Capital Management LLC raised its holdings in shares of Spirit Realty Capital by 36.6% during the third quarter. HGI Capital Management LLC now owns 371,102 shares of the real estate investment trust’s stock valued at $3,180,000 after acquiring an additional 99,515 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in shares of Spirit Realty Capital during the third quarter valued at approximately $491,000. Institutional investors and hedge funds own 92.86% 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.

Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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