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 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, office and certain other industries. Co.'s operations are carried out through Spirit Realty, L.P.
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Preferred: SRC.PRA
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Avg. Broker Rec.
  
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Buy (2.90 out of 4) 8th percentile
(ranked lower than approx. 92% of all stocks covered)
Analysts' Target Price: SRC Stock Forecast Based on Zacks ABR data; powered by Xignite |
