Economy

Year Sale Growth of Spirit Realty Capital, Inc. (NYSE:SRC) is reported

Kim expects that the real estate investment trust will post earnings of $0.82 per share for the year.

Spirit Realty Capital, Inc. has its outstanding Shares of 479.1 Million.

A number of other brokerages have also recently issued reports on SRC.

The company has mean EPS estimate of 0.06 reported by 6 number of analyst for the quarter ending Current Qtr.(Sep2017). BidaskClub raised Spirit Realty Capital from a "hold" rating to a "buy" rating in a report on Monday, July 31st. Ladenburg Thalmann Financial Services reaffirmed a "hold" rating on shares of Spirit Realty Capital in a research report on Friday, August 4th. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.40, which implies that analysts are generally neutral in their outlook for SRC over the next year.

Voyager Therapeutics, Inc.is maintained at an average outperform rating by 7 stock analysts, and there are at least 2.26% of shares outstanding that are now legally short sold. Spirit Realty Capital's quarterly revenue was down 1.8% on a year-over-year basis. The legal version of this report can be accessed at https://stocknewstimes.com/2017/09/22/spirit-realty-capital-inc-src-forecasted-to-post-fy2017-earnings-of-0-82-per-share.html.

Shares of Spirit Realty Capital (NYSE SRC) opened at 8.56 on Wednesday. The Beta for the stock stands at 0.59. The stock touched 52-week High of $13.86 on 09/26/16 and 52-week Low of $6.64 on 05/04/17. The company maintains price to book ratio of 0.00 vs.an industry average at 0.64. The analysts estimated EPS for the higher end at 0.07 and lower end at 0.06 while the year ago reported earnings per share was 0.1. The Return on Equity (ROE) and Return on Investment values are 1.8 percent and 0.6 percent respectively. The shares price has directed -36.02% toward a lower level throughout previous year and swapped 0.94% toward a strong spot during past one month.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

Analysts are also projecting an Average Revenue Estimate for Spirit Realty Capital, Inc.as $158170 in the Current Quarter. The stock appeared $86.25 above its 52-week highs and is down -0.54% for the last five trades.

Currently, 2.50% shares of Terex Corporation (NYSE:TEX) are owned by insiders with -9.11% six-month change in the insider ownership. Insider ownership during the latest quarter increased by a net of 602283 shares, indicating that SRC's key executives are feeling more bullish about the stock than they did three months ago. Lincoln National Corp grew its position in shares of Spirit Realty Capital by 1.3% during the second quarter. Investment Centers of America Inc. now owns 13,850 shares of the real estate investment trust's stock valued at $141,000 after purchasing an additional 350 shares in the last quarter. ValuEngine cut Spirit Realty Capital from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock. Telos Capital Management Inc. now owns 49,633 shares of the real estate investment trust's stock worth $368,000 after purchasing an additional 510 shares in the last quarter. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 2.40 as current ratio and on the opponent side the debt to equity ratio was 0.64 and long-term debt to equity ratio also remained 0.64.

In other Spirit Realty Capital news, CFO Phillip D. Joseph, Jr. bought 3,636 shares of the business's stock in a transaction that occurred on Monday, August 7th. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most "interesting" stocks, meant for investors as a source of ideas that merit further research. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The shares were acquired at an average price of $8.49 per share, with a total value of $118,860.00. Following the completion of the purchase, the chief financial officer now directly owns 138,504 shares in the company, valued at $1,142,658. The disclosure for this purchase can be found here.

The Stock had a 2.6 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.79 and 2.8 respectively. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued. This buyback authorization allows the real estate investment trust to reacquire up to 6.5% of its stock through open market purchases.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. The stock's Dividend Yield stands at 8.41%.



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