Economy

Spirit Realty Capital Inc (SRC) Receives $8.89 Average Price Target

What Historical Figures Say About Spirit Realty Capital, Inc.

Now we will discuss the financial strength of Spirit Realty Capital, Inc. Spirit Realty Capital Inc (NYSE:SRC)'s price sits 6.15% above from its 50-day moving average of $8.42 and -6.66% away from the stock's 200-day moving average which is $8.64. Zacks Investment Research cut Spirit Realty Capital from a "hold" rating to a "sell" rating in a research report on Tuesday, August 15th. Similarly, the company's Director Dunn Todd A on 2017-08-10 Buy 14000 shares of the company at a price of $8.49. The stock volatility for week was 1.59% while for month was 2.02%.

Spirit Realty Capital, Inc. has posted trailing 12 months earnings of $0.00 per share. Finally, Royal Bank Of Canada lifted their target price on shares of Spirit Realty Capital from $8.00 to $9.00 and gave the company a "sector perform" rating in a report on Friday, August 4th. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. For the quarter, shares have been noted at 11.87%. BidaskClub upgraded Spirit Realty Capital from a "hold" rating to a "buy" rating in a research report on Monday, July 31st. Narrowing in, the stock is at a distance of -1.36% from the 50 day high and 20.28% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Spirit Realty Capital, Inc. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The company has an Average True Range (ATR) value of 0.17, while a Beta Value of 0.59. Next quarter's EPS is estimated at $0.06 with next year's EPS anticipated to be $0.26. The company now has a Return on Equity of 1.8% and a Return on Investment of 0.6%. During the same quarter in the prior year, the business earned $0.22 earnings per share.

Spirit Realty Capital Inc (NYSE:SRC) has grabbed attention from the analysts, when it saw a value increase of 0.7% or 0.06 points in the last trading session to close at $8.67. The Company invests in single-tenant, operationally essential real estate throughout the United States, which is acquired through strategic sale-leaseback transactions and subsequently leased on a long-term, triple-net basis to high-quality tenants with business operations within predominantly retail, but also office and industrial property types.

Market Capitalization can be thought of as the overall price to buy the company. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and global copyright & trademark laws. The original version of this story can be accessed at https://www.truebluetribune.com/2017/09/15/tricadia-capital-management-llc-takes-10-86-million-position-in-spirit-realty-capital-inc-src.html. A stock with a ratio of under 1.0 would be undervalued and a stock with a PEG over 1.0 would be considered over valued.

The volume of the particular stock is the shares bought and sold in a single trading day. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. However, the institutional investors are observed to own 97.90% of the total shares. Following the completion of the purchase, the chief financial officer now owns 138,504 shares in the company, valued at approximately $1,142,658. The disclosure for this purchase can be found here. Its operations are carried out through the Spirit Realty, L.P.



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