Spirit Realty Capital Inc. (NYSE:SRC) CEO Thomas H. Nolan, Jr. sold 15,000 shares of Spirit Realty Capital stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $13.23, for a total transaction of $198,450.00. Following the completion of the transaction, the chief executive officer now directly owns 858,186 shares in the company, valued at $11,353,800.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
A number of equities analysts have recently commented on SRC shares. Zacks Investment Research raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, August 9th. 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 report on Tuesday, August 9th. TheStreet raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Spirit Realty Capital in a report on Monday, May 9th. Finally, BTIG Research started coverage on shares of Spirit Realty Capital in a report on Thursday, August 25th. They issued a “buy” rating and a $15.00 target price on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $12.44.
Shares of Spirit Realty Capital Inc. (NYSE:SRC) traded up 1.95% during midday trading on Tuesday, hitting $13.59. 4,469,108 shares of the company’s stock traded hands. The stock has a market cap of $6.52 billion and a P/E ratio of 60.67. The company has a 50 day moving average of $13.30 and a 200 day moving average of $12.01. Spirit Realty Capital Inc. has a 52 week low of $8.89 and a 52 week high of $13.97.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/06/spirit-realty-capital-inc-src-ceo-thomas-h-nolan-jr-sells-15000-shares/
Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. During the same period in the prior year, the firm earned $0.22 EPS. The company earned $171.70 million during the quarter, compared to analyst estimates of $164.29 million. Spirit Realty Capital’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Spirit Realty Capital Inc. will post $0.88 EPS for the current fiscal year.
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.
Receive News & Ratings for Spirit Realty Capital Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Spirit Realty Capital Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.