The company was upgraded on Friday, August 21 by Robert W. Baird. Noting its average daily volume at 0.64 million shares each day over the month, this signifies a pretty significant change over the norm. Janney Montgomery Scott LLC purchased a new stake in shares of Spirit Realty Capital during the first quarter valued at approximately $109,000. Penserra Capital Management LLC now owns 11,730 shares of the real estate investment trust's stock valued at $118,000 after buying an additional 3,986 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Spirit Realty Capital by 24.0% in the first quarter.
Basso Capital Management Lp increased its stake in Spirit Rlty Cap Inc New (Put) (SRC) by 50% based on its latest 2016Q4 regulatory filing with the SEC. For the current quarter Cliffs Natural Resources Inc (NYSE:CLF) has high EPS estimates of $0.38 in contradiction of low EPS estimates of $0.3. Wall Street analysts covering the stock are projecting that the stock will reach $8.79 within the next 52-weeks. The Connecticut-based Bradley Foster And Sargent Ct has invested 0.84% in Spirit Realty Capital, Inc (New) (NYSE:SRC). (NYSE:SRC) higher to the next line of resistance at $8.23 a share.
Spirit Realty Capital, Inc. has a 50 day moving average of 7.66 and a 200 day moving average of 9.11.
Spirit Realty Capital presently has a consensus target price of $11.44, indicating a potential upside of 42.82%. The company has a market capitalization of $4.04 billion, a PE ratio of 46.33 and a beta of 0.55. Ent Fincl Services Corp has 0% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC). Share performance for the month is now at -0.21%. The business had revenue of $163.19 million for the quarter, compared to analysts' expectations of $169.84 million.
03/11/2016 - Spirit Realty Capital, Inc. was upgraded to " by analysts at Oppenheimer.
Looking forward, for the quarter ending Sep-17, 12 analysts have a mean sales target of 160.01 million. The company posted an earnings surprise of -57.1%. Spirit Of America Management Corp sold 35,800 shares as Spirit Realty Capital Inc.More news: British Open champ Spieth seeks youngest Career Slam
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.72 dividend on an annualized basis and a yield of 9.08%.
08/09/2016 - Spirit Realty Capital, Inc. had its " rating reiterated by analysts at Wunderlich. Toronto Dominion Bank purchased a new stake in shares of Spirit Realty Capital during the first quarter worth about $141,000.
SRC has been the subject of several research analyst reports. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and global copyright and trademark legislation. Volume is simply the number of shares or contracts that trade over a given period of time, usually a day. (NYSE:SRC) shares can stay above the price resistance around $8.15 a share, that could help propel Spirit Realty Capital, Inc. BidaskClub raised Spirit Realty Capital from a "hold" rating to a "buy" rating in a report on Monday, July 31st.
While looking at the Stock's Performance, Spirit Realty Capital, Inc. now shows a Weekly Performance of -1.49%, where Monthly Performance is 4.48%, Quarterly performance is -11.1%, 6 Months performance is -23.38% and yearly performance percentage is -40.91%. BTIG Research initiated Spirit Realty Capital, Inc (New) (NYSE:SRC) on Thursday, August 25 with "Buy" rating. It has been assigned a low target price of $6.5 and a high target price of $10. 1 is equivalent to a Strong Buy rating, 3 a hold rating, and 5 a Strong Sell rating. The firm earned "Neutral" rating on Friday, May 5 by Ladenburg Thalmann. The shares were acquired at an average price of $7.19 per share, for a total transaction of $71,900.00.
Currently Spirit Realty Capital Inc (NYSE:SRC)'s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 97.4%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The shares were purchased at an average price of $7.47 per share, for a total transaction of $50,049.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 43,800 shares of company stock worth $321,378 in the last ninety days.
The stock has Return on Assets (ROA) of 0 percent. According to these analysts, the Low Revenue Estimate for Spirit Realty Capital, Inc.is 152.06 Million and the High Revenue Estimate is 165.74 Million.