Insider Buying: Spirit Realty Capital, Inc (SRC) Director Buys 7,500 Shares of Stock

Spirit Realty Capital, Inc (NYSE:SRC) Director Richard I. Gilchrist acquired 7,500 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was acquired at an average price of $8.00 per share, with a total value of $60,000.00. Following the acquisition, the director now owns 67,929 shares in the company, valued at approximately $543,432. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SRC opened at $8.05 on Friday. Spirit Realty Capital, Inc has a 52 week low of $6.64 and a 52 week high of $10.60. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $3,613.12, a PE ratio of 9.47 and a beta of 0.46.

How to Become a New Pot Stock Millionaire

Spirit Realty Capital (NYSE:SRC) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.15). Spirit Realty Capital had a net margin of 11.53% and a return on equity of 2.84%. The company had revenue of $165.35 million for the quarter, compared to the consensus estimate of $166.69 million. During the same period last year, the business earned $0.21 EPS. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. research analysts expect that Spirit Realty Capital, Inc will post 0.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date of this dividend is Wednesday, March 28th. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 84.71%.

A number of hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. increased its position in Spirit Realty Capital by 11.3% during the 3rd quarter. Pacer Advisors Inc. now owns 75,626 shares of the real estate investment trust’s stock valued at $648,000 after buying an additional 7,708 shares in the last quarter. Advisors Asset Management Inc. increased its position in Spirit Realty Capital by 122.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,571 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 10,241 shares in the last quarter. Ffcm LLC increased its position in Spirit Realty Capital by 214.0% during the 4th quarter. Ffcm LLC now owns 15,761 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 10,741 shares in the last quarter. Centaurus Financial Inc. bought a new position in Spirit Realty Capital during the 4th quarter valued at approximately $101,000. Finally, Brown Advisory Inc. bought a new position in Spirit Realty Capital during the 4th quarter valued at approximately $126,000. 91.92% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Spirit Realty Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. Bank of America cut Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Monday, February 26th. B. Riley reiterated a “buy” rating on shares of Spirit Realty Capital in a report on Thursday, February 22nd. Morgan Stanley dropped their price objective on Spirit Realty Capital from $8.75 to $8.25 and set an “equal weight” rating for the company in a report on Monday, February 5th. Finally, ValuEngine cut Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Spirit Realty Capital currently has an average rating of “Hold” and an average target price of $9.44.

WARNING: “Insider Buying: Spirit Realty Capital, Inc (SRC) Director Buys 7,500 Shares of Stock” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/08/richard-i-gilchrist-acquires-7500-shares-of-spirit-realty-capital-inc-src-stock.html.

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)

Receive News & Ratings for Spirit Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply