Spirit Realty Capital, Inc. Buyback
OLI recorded this information on 8/14/2017
Company:
Spirit Realty Capital, Inc.
Buyback:
SRC buyback
$Amount Authorized:
$250,000,000
Buyback Details:
Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company"), a premier net lease real estate investment trust ("REIT") that primarily invests in single-tenant, operationally essential real estate, today announced that its Board of Directors has authorized a new stock repurchase program for up to $250 million of its common stock to be undertaken within 18 months from the date of authorization.
Spirit Realty Capital is a self-administered and self-managed real estate investment trust with in-house capabilities, including acquisition, credit research, asset management, portfolio management, real estate research, legal, finance and accounting functions. Co. primarily invests in single-tenant, operationally essential real estate assets throughout the U.S., which are subsequently leased on a long-term, triple-net basis to tenants with operations in retail, industrial and certain other industries. Co.'s operations are carried out through its operating partnership, Spirit Realty, L.P.
SRC SEC Filing Email Alerts Service
Preferred: SRC.PRA
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Avg. Broker Rec.
 
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Buy (3.15 out of 4) 29th percentile
(ranked lower than approx. 71% of all stocks covered)
Analysts' Target Price: SRC Stock Forecast Based on Zacks ABR data; powered by Xignite |
