The stock of Spirit Realty Capital, Inc (New) (NYSE:SRC) is a huge mover today! About 1.18M shares traded hands. Spirit Realty Capital, Inc (New) (NYSE:SRC) has declined 2.67% since April 26, 2016 and is downtrending. It has underperformed by 7.93% the S&P500.
The move comes after 5 months positive chart setup for the $5.28 billion company. It was reported on Nov, 29 by Barchart.com. We have $11.40 PT which if reached, will make NYSE:SRC worth $158.40 million more.
Analysts await Spirit Realty Capital, Inc (New) (NYSE:SRC) to report earnings on February, 22. They expect $0.22 EPS, 0.00% or $0.00 from last year’s $0.22 per share. SRC’s profit will be $104.93M for 12.58 P/E if the $0.22 EPS becomes a reality. After $0.22 actual EPS reported by Spirit Realty Capital, Inc (New) for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Spirit Realty Capital, Inc (New) (NYSE:SRC) Ratings Coverage
Out of 12 analysts covering Spirit Realty Capital (NYSE:SRC), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. Spirit Realty Capital has been the topic of 20 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was upgraded by UBS on Wednesday, April 27 to “Buy”. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, August 7. Oppenheimer initiated Spirit Realty Capital, Inc (New) (NYSE:SRC) on Tuesday, January 5 with “Perform” rating. The company was maintained on Friday, August 7 by Deutsche Bank. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Buy”. The company was upgraded on Friday, August 21 by Robert W. Baird. The stock of Spirit Realty Capital, Inc (New) (NYSE:SRC) has “Buy” rating given on Thursday, August 4 by UBS. The company was initiated on Friday, October 14 by Mizuho. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, January 7 report. The rating was upgraded by Morgan Stanley to “Overweight” on Wednesday, September 7.
According to Zacks Investment Research, “Spirit Realty Capital, Inc. is a real estate investment trust. It acquires single tenant, operationally essential real estate where the tenants conduct retail, service or distribution activities. The Company has investments throughout the United States. Its portfolio of properties is leased to tenants operating in different industries which includes restaurants; general, specialty and discount retailers; movie theatres; education facilities; health, fitness and recreational facilities; automotive dealers, parts and service facilities; and supermarkets. Spirit Realty Capital, Inc. is based in Scottsdale, Arizona.”
Insitutional Activity: The institutional sentiment decreased to 1.23 in 2016 Q2. Its down 0.15, from 1.38 in 2016Q1. The ratio worsened, as 25 funds sold all Spirit Realty Capital, Inc (New) shares owned while 69 reduced positions. 28 funds bought stakes while 102 increased positions. They now own 452.09 million shares or 7.12% more from 422.06 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 24,442 shares or 0% of the stock. Kcg Holdg holds 0% or 13,490 shares in its portfolio. Qs Investors Ltd Llc holds 42 shares or 0% of its portfolio. Moreover, Independent Order Of Foresters has 0.06% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 6,015 shares. Moreover, Sii Investments Wi has 0.09% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 81,576 shares. Virginia Retirement Et Al has 231,630 shares for 0.04% of their US portfolio. Pggm owns 6.65 million shares or 0.43% of their US portfolio. M&T Bancorporation holds 0.01% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 160,936 shares. Amica Mutual has invested 0.09% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC). Dimensional Fund Advsr L P holds 0.05% or 6.33 million shares in its portfolio. Roundview Ltd Limited Liability Company, a New Jersey-based fund reported 10,754 shares. Clarivest Asset Mgmt Ltd Liability Co, a California-based fund reported 34 shares. Kempen Capital Management Nv holds 0.13% or 83,915 shares in its portfolio. Meeder Asset last reported 0.03% of its portfolio in the stock. Commonwealth Equity Incorporated holds 195,519 shares or 0.02% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 2 insider buys, and 1 sale for $70,647 net activity. The insider Hsieh Jackson bought 9,500 shares worth $100,843. 2,516 shares with value of $27,034 were bought by JOSEPH PHILLIP D JR on Thursday, November 10. NOLAN THOMAS H JR had sold 15,000 shares worth $198,524.
More recent Spirit Realty Capital, Inc (New) (NYSE:SRC) news were published by: Globenewswire.com which released: “Spirit Realty Capital Announces New President and Chief Operating Officer” on July 26, 2016. Also Globenewswire.com published the news titled: “Spirit Realty Capital, Inc. Completes Sale of 108 Properties to 84 Lumber …” on October 26, 2016. Globenewswire.com‘s news article titled: “Spirit Realty Capital, Inc. Announces Plan to Relocate Headquarters” with publication date: November 16, 2015 was also an interesting one.
SRC Company Profile
Spirit Realty Capital, Inc., incorporated on September 29, 2004, is a self-administered and self-managed real estate investment trust (REIT). The Company’s in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting and capital markets. The Firm operates through leasing activities segment. It invests in single-tenant, operationally essential real estate throughout the United States that is acquired through strategic sale-leaseback transactions and subsequently leased on a long-term, triple-net basis to high-quality tenants with business within retail, but also office and industrial property types. The Company’s owned properties are approximately 98.6% occupied (based on number of properties), and its leases has a weighted average non-cancelable remaining lease term (based on total rental revenue) of approximately 10.7 years. The Company’s leases are generally long-term, typically with non-cancelable initial terms of 15 to 20 years and tenant renewal options for additional terms.
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