Spirit Realty Capital Inc (SRC) Buy, Hold or Sell? What Analysts Recommend

Pierre Vaugeois
Août 13, 2017

Finally, Toronto Dominion Bank purchased a new position in Spirit Realty Capital during the first quarter worth approximately $141,000. (NYSE:SRC) by 43.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 94,320 shares of the real estate investment trust's stock, valued at approximately $699,000.

Several large investors have recently bought and sold shares of the company.

On average, analysts expect that Spirit Realty Capital will report full-year sales of $161.00 million for the current fiscal year, with estimates ranging from $644.08 million to $661.65 million. PNC Financial Services Group Inc. now owns 11,684 shares of the real estate investment trust's stock worth $119,000 after buying an additional 2,265 shares during the period. Cornerstone Wealth Management LLC raised its position in Spirit Realty Capital by 0.5% in the first quarter. Tiaa Cref Investment Management LLC grew its stake by buying 436,429 shares an increase of 19.0%. Financial & Investment Management Group Ltd. acquired a new stake in Spirit Realty Capital during the first quarter valued at approximately $4,797,000. The stock was bought at an average cost of $7.27 per share, for a total transaction of $99,599.00. A 14 analysts rate it as either a buy or a strong buy, while3 believe that investors should either steer clear of EBAY or, if they already own its stock, sell it. (SRC) stock showed the move of 1.57% with the closing price of $8.43. The price to earnings growth is 3.72 and the price to sales ratio is 17. The company's 50-day moving average is $7.78 and its 200-day moving average is $9.01. (NYSE:SRC), stock is trading $13.95 above the 52-week high and has displayed a high EPS growth of 16.00% in last 5 years. Spirit Realty Capital, Inc (New) (NYSE:SRC) has declined 36.20% since August 11, 2016 and is downtrending. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.01.

Valuation Ratios of Spirit Realty Capital, Inc. The business had revenue of $168.65 million for the quarter, compared to analyst estimates of $163.19 million. Next quarter's EPS is expected be $0.08 with next year's EPS anticipated to be $0.26. During the same quarter in the prior year, the company posted $0.22 earnings per share. Moreover, Credit Suisse Ag has 0.03% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 2.38M shares. Stockholders of record on Friday, June 30th were paid a $0.18 dividend. The ex-dividend date was set for Wednesday the 28th of June 2017. State Street Corp has invested 0.01% in Spirit Realty Capital, Inc (New) (NYSE:SRC).

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A number of research firms have commented on SRC. Sandler O'Neill cut Spirit Realty Capital from a "buy" rating to a "hold" rating and decreased their price target for the stock from $13.00 to $9.00 in a research note on Thursday, May 4th. Royal Bank Of Canada raised their target price on Spirit Realty Capital from $8.00 to $9.00 and gave the stock a "sector perform" rating in a report on Friday. ValuEngine downgraded Spirit Realty Capital from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.

Media coverage about Spirit Realty Capital (NYSE:SRC) has trended positive on Thursday, Accern Sentiment reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The North Dakota-based Inv Centers Of America Inc has invested 0.01% in Spirit Realty Capital, Inc (New) (NYSE:SRC). Spirit Realty Capital Inc (NYSE:SRC)'s price sits 8.98% above from its 50-day moving average of $7.73 and -12.82% away from the stock's 200-day moving average which is $9.02. Following the completion of the transaction, the chief financial officer now owns 138,504 shares in the company, valued at $1,142,658. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. For the quarter, shares have been noted at 13.09%. In the last ninety days, insiders have purchased 67,497 shares of company stock worth $520,238. The disclosure for this purchase can be found here. Arete Wealth Advsr Limited Liability Company invested in 0.09% or 18,248 shares.

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT).

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