Spirit Realty Capital, Inc. (NYSE:SRC) Quarterly Sales Review

(NYSE:SRC) reported its EPS in the last quarter as $0.05/Share lagging the analyst estimate of $0.07/Share by a difference of $-0.02.

EPS Estimate for the next Quarter is 0.06.

Spirit Realty Capital (NYSE:SRC) last posted its quarterly earnings data on Thursday, August 3rd. Generally speaking, earnings are expected to hold steady in coming quarters.

The analysts offering 12 month price targets for Spirit Realty Capital, Inc. have a median target of $9, with a high estimate of $11 and a low estimate of $8.

While considering EPS estimates of the company, it has next quarter growth estimates of 0.13 whereas during current year it has 0.04 estimations over growth, comparing to the estimations of 0.43 during next year. (NYSE:SRC) received a Buy rating from 1 analysts.

Over the past three months, Spirit Realty Capital, Inc. insiders have been net sellers, acquiring a net of 5,068 shares. (SRC) reported earning per shares for the quarter ending Nov 02 BMO at 0.05, whereas, 6 number of analysts estimated the mean EPS at 0.06. Bellwether Investment Group LLC bought a new stake in Spirit Realty Capital during the second quarter worth about $143,000.

Analysts believe that the company has the potential to earn average revenue of $158.08 Million for the current quarter. Barclays Public Limited Company accumulated 450,555 shares or 0% of the stock. The company's revenue for the quarter was down 1.8% compared to the same quarter past year. Zacks Investment Research cut Spirit Realty Capital from a buy rating to a hold rating in a research note on Wednesday, October 18th. The stock of Spirit Realty Capital, Inc (New) (NYSE:SRC) has "Buy" rating given on Monday, September 26 by UBS. It turned negative, as 53 investors sold Spirit Realty Capital, Inc (New) shares while 82 reduced holdings. The analyst recommendations from a month ago are 0 Buy, 5 Strong Buy, 0 Sell, 1 Hold and 9. The company presently has a consensus rating of "Hold" and a consensus target price of $9.70. Spirit Realty Capital has an average rating of Hold and a consensus price target of $9.70. SRC's profit will be $89.83M for 10.08 P/E if the $0.20 EPS becomes a reality. If you are viewing this story on another site, it was copied illegally and republished in violation of USA and worldwide trademark & copyright legislation.

Let's have a look at some of the important valuation ratios of the Spirit Realty Capital, Inc.

COPYRIGHT VIOLATION WARNING: "Spirit Realty Capital, Inc". Spirit Realty Capital has $15 highest and $8 lowest target. The company operates in the Real Estate sector with a market capitalization of 3.77 Million. The firm has a 50-day moving average price of $10.68 and a 200-day moving average price of $12.29.

A number of other equities research analysts have also recently commented on the company. Shareholders of record on Friday, December 30th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.72 annualized dividend and a dividend yield of 8.91%. Hsieh Jackson bought $99,830 worth of Spirit Realty Capital, Inc (New) (NYSE:SRC) on Monday, June 5. According to today's trading volume Spirit Realty Capital, ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. This buyback authorization authorizes the real estate investment trust to reacquire up to 6.5% of its shares through open market purchases.

Shares of Apache Corporation (NYSE:APA) scoring -2.96% to reach at $40.30 during previous trading session. Also, Director Todd A. Dunn purchased 14,000 shares of the business's stock in a transaction on Thursday, August 10th.

A total of 20.78 Billion shares exchanged at hands and its average trading volume is standing at 10.02 Million shares. Arete Wealth Advisors LLC now owns 16,583 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 1,838 shares during the period. The transaction was disclosed in a document filed with the SEC, which is available at this link.

In related news, CFO Phillip D. Joseph, Jr. acquired 3,636 shares of the business's stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $8.25 per share, with a total value of $29,997.00. The company has its outstanding shares of 466.62M. The disclosure for this purchase can be found here. Daiwa Securities Group Inc sold 24.77 million shares as Spirit Rlty Cap Inc (SRC)'s stock declined 32.65%. Over the last 90 days, insiders have acquired 24,697 shares of company stock valued at $207,130. Prudential Financial Inc. now owns 12,337,803 shares of the real estate investment trust's stock worth $91,423,000 after purchasing an additional 4,403,654 shares in the last quarter. Vivaldi Capital Management LLC purchased a new stake in Spirit Realty Capital during the second quarter valued at about $111,000. Finally, Arete Wealth Advisors LLC boosted its position in Spirit Realty Capital by 12.5% during the second quarter.

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