Shares of Spirit Realty Capital Inc (NYSE:SRC) reached a new 52-week high and low during trading on Thursday . The company traded as low as $8.11 and last traded at $8.11, with a volume of 135989 shares traded. The stock had previously closed at $7.98.

A number of analysts have recently commented on SRC shares. B. Riley reissued a “buy” rating on shares of Spirit Realty Capital in a research note on Thursday, February 22nd. Bank of America lowered Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Monday, February 26th. Zacks Investment Research lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. JPMorgan Chase & Co. cut their target price on Spirit Realty Capital from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 24th. Finally, ValuEngine lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Spirit Realty Capital currently has an average rating of “Hold” and an average target price of $9.08.

The stock has a market capitalization of $3.38 billion, a PE ratio of 9.51 and a beta of 0.48. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.25.

Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. Spirit Realty Capital had a return on equity of 3.53% and a net margin of 14.21%. The company had revenue of $165.30 million for the quarter, compared to analyst estimates of $165.12 million. During the same period in the previous year, the firm earned $0.20 earnings per share. Spirit Realty Capital’s revenue for the quarter was down .1% compared to the same quarter last year. equities research analysts predict that Spirit Realty Capital Inc will post 0.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.86%. Spirit Realty Capital’s dividend payout ratio is 84.71%.

Several hedge funds have recently modified their holdings of the company. Scopia Capital Management LP grew its holdings in shares of Spirit Realty Capital by 7.1% during the first quarter. Scopia Capital Management LP now owns 29,595,858 shares of the real estate investment trust’s stock valued at $229,664,000 after buying an additional 1,949,213 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Spirit Realty Capital by 4.8% during the first quarter. Principal Financial Group Inc. now owns 15,292,381 shares of the real estate investment trust’s stock valued at $118,670,000 after buying an additional 697,153 shares in the last quarter. V3 Capital Management L.P. grew its holdings in shares of Spirit Realty Capital by 13.7% during the first quarter. V3 Capital Management L.P. now owns 10,413,802 shares of the real estate investment trust’s stock valued at $80,811,000 after buying an additional 1,253,250 shares in the last quarter. Cbre Clarion Securities LLC grew its holdings in shares of Spirit Realty Capital by 150.6% during the fourth quarter. Cbre Clarion Securities LLC now owns 9,992,562 shares of the real estate investment trust’s stock valued at $85,736,000 after buying an additional 6,004,382 shares in the last quarter. Finally, HG Vora Capital Management LLC purchased a new position in shares of Spirit Realty Capital during the first quarter valued at $65,960,000. Institutional investors and hedge funds own 93.34% of the company’s stock.

Spirit Realty Capital Company Profile

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease real estate investment trust (REIT) that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial and office properties providing superior risk adjusted returns and steady dividend growth for our stockholders.

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