Economy

Spirit Realty Capital, Inc. (SRC) Shares Sold by Balyasny Asset Management LLC

Rigel Pharmaceuticals, Inc. (NYSE:RIGL) posting a -0.51% after which it closed the day' session at $3.88 and the company has experienced volume of 3,212,231 shares while on average the company has a capacity of trading 1.27M share while its relative trading volume is 2.54. On Friday, December 16 the stock rating was downgraded by Mizuho to "Neutral". Balyasny Asset Management LLC owned 0.13% of Spirit Realty Capital worth $4,384,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. (NYSE:SRC). The circumstantial evidence specially high/lower types of ownership has a vital gauge for investing research process and it should be done carefully, as rather than offering help in finding value; it can sometimes give false signals and lead an investor astray. AMP Capital Investors Ltd increased its position in shares of Spirit Realty Capital by 24.5% in the third quarter.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term. The last close places the company's stock about $4.37 off its 52 week high of $12.77 and $1.76 above the 52 week low of $6.64. Institutional investors and hedge funds own 94.63% of the company's stock. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & global copyright and trademark legislation. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/10/09/spirit-realty-capital-inc-src-stake-lowered-by-renaissance-technologies-llc.html. 425.47 million shares or 8.88% less from 466.96 million shares in 2017Q1 were reported. Alliancebernstein LP owns 560,882 shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock price hovered in an intraday range of $3.52- $3.95. Following the completion of the transaction, the chief financial officer now owns 138,504 shares of the company's stock, valued at approximately $1,142,658. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 24,697 shares of company stock valued at $207,130. VRTX's profit would be $2.52M giving it 3888.75 P/E if the $0.01 EPS is correct. Kloeckner had 4 analyst reports since October 14, 2015 according to SRatingsIntel. New England Investment Retirement Grp Inc reported 0.06% in Spirit Realty Capital, Inc (New) (NYSE:SRC). BidaskClub upgraded Spirit Realty Capital from a "sell" rating to a "hold" rating in a report on Tuesday, June 27th. The firm has "Buy" rating given on Thursday, August 25 by BTIG Research.

Analysts await Spirit Realty Capital, Inc (New) (NYSE:SRC) to report earnings on November, 1. About shares traded. Cummins Inc. (SRC) to generate earnings per share of $0.80 in 2017. During the past 20 days, SRC has decreased -2.66% while the broad market has increased 3.16%.

Spirit Realty Capital, Inc.

Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by $0.02. The business had revenue of $163.19 million during the quarter, compared to the consensus estimate of $169.84 million. Among holders that decreased their positions, 57 sold out of the stock Spirit Realty Capital, Inc. The 1 year EPS growth rate is 70.10%. They expect $2.41 EPS, up 19.31% or $0.39 from last year's $2.02 per share. About shares traded. Spirit Realty Capital, Inc (New) (NYSE:SRC) has declined 36.20% since October 10, 2016 and is downtrending. The firm has "Neutral" rating given on Friday, December 16 by Mizuho. Its up 0.87% from 11.86M shares previously. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.72 annualized dividend and a dividend yield of 8.56%. Spirit Realty Capital's dividend payout ratio is presently 514.29%. The stock traded on unusually eased down volume of 3.91 Million comparing to the average volume of 4168.95 shares, completing picture of exact trends with uncompleted dots in volume over the norm. This repurchase authorization permits the real estate investment trust to purchase up to 6.5% of its stock through open market purchases.

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. State Common Retirement Fund holds 0.01% or 1.05 million shares in its portfolio.



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