Spirit Realty Capital (NYSE:SRC) Getting Favorable Press Coverage, Study Finds

Xavier Trudeau
Juillet 17, 2017

Bnp Paribas Investment Partners Sa decreased Spirit Rlty Cap Inc New (SRC) stake by 31.5% reported in 2016Q4 SEC filing. It is negative, as 27 investors sold auto shares while 95 reduced holdings. Spirit Of America Mgmt owns 0.07% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 57,400 shares. Prudential Financial Inc. now owns 7,934,149 shares of the real estate investment trust's stock worth $80,373,000 after buying an additional 7,735,135 shares during the last quarter. FMR LLC increased its position in shares of Spirit Realty Capital by 14.9% in the fourth quarter. SRC has price volatility of stock was 2.36% for a week and 2.50% for a month. Dimensional Fund Advisors LP raised its stake in shares of Spirit Realty Capital by 2.1% in the first quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Spirit Realty Capital during the first quarter worth approximately $25,325,000. Cambridge Investment Research Advisors Inc. now owns 162,859 shares of the real estate investment trust's stock worth $1,650,000 after buying an additional 734 shares during the last quarter. Washington Bancshares owns 74 shares for 0% of their portfolio.

05/04/2017 - Spirit Realty Capital, Inc. was downgraded to "neutral" by analysts at Janney Montgomery Scott. (NYSE SRC) opened at 7.67 on Monday.

Touching to other technical indicators, stock is swinging in considerable region as it has 20 days moving average of 0.69% and struggles for 50 days moving average of buoyant run is 1.31%. The stock has a market cap of $3.64 billion, a P/E ratio of 41.78 and a beta of 0.53. Stifel Fincl stated it has 0% in Spirit Realty Capital, Inc (New) (NYSE:SRC).

Headlines about Spirit Realty Capital (NYSE:SRC) have trended positive this week, according to Accern. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.22 by $0.02. Spirit Realty Capital had a return on equity of 2.10% and a net margin of 13.28%. The company had revenue of $163.19 million during the quarter, compared to analyst estimates of $169.84 million. Analysts predict that Spirit Realty Capital will post $0.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.39%. The ex-dividend date was Wednesday, June 28th.

02/29/2016 - Spirit Realty Capital, Inc. was downgraded to "market perform" by analysts at Raymond James.

Spirit Realty Capital Incorporated (NYSE:SRC) had an increase of 47.59% in short interest. "(NYSE:SRC) Stake Cut by California Public Employees Retirement System" was published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and global trademark and copyright laws. NEXT Financial Group Inc's holdings in Spirit Realty Capital were worth $105,000 at the end of the most recent reporting period.

SRC has been the subject of a number of analyst reports.

Insider Trades for Spirit Realty Capital, Inc. show that the latest trade was made on 27 Jun 2017 where Senkbeil (Thomas D), the Director completed a transaction type "Buy" in which 11185 shares were traded at a price of $7.6. Barclays Capital maintained the shares of auto in report on Monday, November 16 with "Equal Weight" rating. Ladenburg Thalmann Financial Services downgraded shares of Spirit Realty Capital from a "buy" rating to a "neutral" rating in a report on Thursday, May 4th. Oakmont Ltd Liability Corporation has 0.07% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 10,500 shares. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. Currently, the stock has a 1 Year Price Target of $8.69. ValuEngine cut shares of Spirit Realty Capital from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.

The stock's 50 day moving average is 7.44 and its 200 day moving average is 9.61. Following the completion of the transaction, the insider now owns 546,053 shares in the company, valued at $3,969,805.31. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. They now have a United States dollars 10 price target on the stock. The current share price indicates that stock is -45.10% away from its one year high and is moving 15.51% ahead of its 52-week low. Following the acquisition, the insider now owns 559,453 shares of the company's stock, valued at approximately $4,167,924.85. The disclosure for this purchase can be found here. Insiders have purchased 43,800 shares of company stock worth $321,378 in the last ninety days.

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