Shares of Spirit Realty Capital, Inc (NYSE:SRC) have received an average rating of “Hold” from the fifteen research firms that are covering the firm. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $11.55.
SRC has been the topic of a number of recent analyst reports. Morgan Stanley cut shares of Spirit Realty Capital from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $11.50 to $8.40 in a research report on Tuesday, May 9th. Ladenburg Thalmann Financial Services cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Janney Montgomery Scott cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Mizuho cut shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 4th. Finally, Zacks Investment Research raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Friday, March 3rd.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new position in shares of Spirit Realty Capital during the fourth quarter worth approximately $103,000. Janney Montgomery Scott LLC bought a new position in shares of Spirit Realty Capital during the first quarter worth approximately $109,000. Penserra Capital Management LLC raised its position in shares of Spirit Realty Capital by 51.5% in the first quarter. Penserra Capital Management LLC now owns 11,730 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 3,986 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Spirit Realty Capital by 24.0% in the first quarter. 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. Finally, Toronto Dominion Bank bought a new position in shares of Spirit Realty Capital during the first quarter worth approximately $141,000. Institutional investors and hedge funds own 96.54% of the company’s stock.
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Spirit Realty Capital (NYSE:SRC) traded up 0.481% during mid-day trading on Tuesday, reaching $7.305. The company’s stock had a trading volume of 4,398,492 shares. The firm has a 50-day moving average of $9.22 and a 200-day moving average of $10.34. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 40.583 and a beta of 0.52. Spirit Realty Capital has a 52 week low of $6.64 and a 52 week high of $13.97.
Spirit Realty Capital (NYSE:SRC) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.02. Spirit Realty Capital had a return on equity of 3.17% and a net margin of 16.77%. The business had revenue of $163.19 million for the quarter, compared to analyst estimates of $169.84 million. On average, equities research analysts expect that Spirit Realty Capital will post $0.25 earnings per share for the current year.
Spirit Realty Capital Company Profile
Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.
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