Spirit Realty Capital Inc (SRC) EVP Kenneth Heimlich Acquires 3,100 Shares

Spirit Realty Capital Inc (NYSE:SRC) EVP Kenneth Heimlich purchased 3,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The stock was bought at an average price of $7.95 per share, with a total value of $24,645.00. Following the transaction, the executive vice president now directly owns 58,600 shares in the company, valued at $465,870. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Spirit Realty Capital traded up $0.18, reaching $8.13, during trading on Thursday, according to MarketBeat Ratings. 6,755,804 shares of the company’s stock were exchanged, compared to its average volume of 6,228,058. Spirit Realty Capital Inc has a fifty-two week low of $7.22 and a fifty-two week high of $8.84. The firm has a market capitalization of $3.38 billion, a PE ratio of 9.56 and a beta of 0.48. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

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

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

A number of equities analysts recently weighed in on the company. ValuEngine lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. JPMorgan Chase & Co. decreased their price target on Spirit Realty Capital from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, April 24th. Zacks Investment Research upgraded Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Wednesday, May 9th. B. Riley reiterated a “buy” rating on shares of Spirit Realty Capital in a research report on Thursday, February 22nd. Finally, Bank of America lowered Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Spirit Realty Capital currently has an average rating of “Hold” and a consensus price target of $9.08.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Centaurus Financial Inc. acquired a new stake in Spirit Realty Capital during the 4th quarter worth about $101,000. Brown Advisory Inc. acquired a new stake in shares of Spirit Realty Capital during the 4th quarter valued at about $126,000. Ffcm LLC lifted its holdings in shares of 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 during the last quarter. Ibex Wealth Advisors acquired a new stake in shares of Spirit Realty Capital during the 4th quarter valued at about $164,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Spirit Realty Capital during the 4th quarter valued at about $207,000. Hedge funds and other institutional investors 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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