Spirit Realty Capital Inc. (SRC) CEO Thomas H. Nolan, Jr. Sells 15,000 Shares

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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.

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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.

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