Published: Fri, May 19, 2017
Money | By Armando Alvarado

Spirit Realty Capital, Inc (New) (NYSE:SRC): Reviewing Company's Shares

Spirit Realty Capital, Inc (New) (NYSE:SRC): Reviewing Company's Shares

BlackRock Institutional Trust Company N.A. now owns 15,697,991 shares of the real estate investment trust's stock valued at $209,254,000 after buying an additional 178,981 shares during the period. Lincoln National Corp now owns 18,027 shares of the real estate investment trust's stock valued at $183,000 after buying an additional 218 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Cornerstone Wealth Management LLC increased its stake in Spirit Realty Capital by 0.5% in the first quarter. Investment Centers of America Inc. now owns 13,850 shares of the real estate investment trust's stock valued at $141,000 after buying an additional 350 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Spirit Realty Capital by 6.4% in the third quarter. Penserra Capital Management LLC raised its stake in Spirit Realty Capital by 51.5% in the first quarter. 1st Global Advisors Inc. now owns 38,296 shares of the real estate investment trust's stock valued at $388,000 after buying an additional 411 shares during the period.

Historically, if we look at price target revisions, two weeks ago Spirit Realty Capital, Inc (New) (NYSE:SRC)'s price target was revised on 4/19/17 by the analysts, however the bullish price estimates of the stock set at $15 while the bearish estimates kept at $10.50 over the next one year. World Asset Management Inc now owns 24,137 shares of the real estate investment trust's stock valued at $245,000 after buying an additional 640 shares during the period.

Spirit Realty Capital, Inc (New) (NYSE:SRC) traded at a yearly high level of $13.97 during the last trading session. Many traders and investors view the 52-week high or low as an important factor in determining a stock's current value and predicting future price movement. Meanwhile, due to a recent pullback which led to a fall of nearly -31.9% in the past one month, the stock price is now with underperforming -33.33% so far on the year - still in weak zone. Shares are trading -6.01% below their 50-day moving average, and -12.33% below their 200-day moving average. Spirit Realty Capital has a 52 week low of $6.64 and a 52 week high of $13.97. Most recently on 5/9/17 the stock of Spirit Realty Capital, Inc (New) (NYSE:SRC) downgraded by Morgan Stanley from Overweight to Equal-Weight. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.02. The firm had revenue of $163.19 million for the quarter, compared to the consensus estimate of $169.84 million. The Return on Equity (ROE) value stands at 0%. Past 5 years growth of Spirit Realty Capital Inc (NYSE:SRC) observed at 27.29%, looking forward for the next 5 years it has a strong prediction of 49.72% over growth.

WARNING: This story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another site, it was illegally copied and republished in violation of USA and worldwide copyright and trademark legislation. Spirit Realty Capital, Inc.is based in Scottsdale, Arizona.

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An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The company now has a consensus rating of "Hold" and a consensus target price of $12.04. Zacks Investment Research downgraded shares of Spirit Realty Capital from a "hold" rating to a "sell" rating in a report on Thursday, January 5th. Mizuho downgraded Spirit Realty Capital from a "neutral" rating to an "underperform" rating in a report on Thursday, May 4th. Finally, Janney Montgomery Scott downgraded shares of Spirit Realty Capital from a "buy" rating to a "neutral" rating in a report on Thursday, May 4th. The analysts, on average, are forecasting a $12.32 price target, but the stock is already up 7.08% from its recent lows. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Currently Spirit Realty Capital Inc (NYSE:SRC)'s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 94.7%.

In case of Revenue Estimates, 161190 analysts have provided their consensus Average Revenue Estimates for Spirit Realty Capital, Inc.as 11000. Often, young, fast-growing companies prefer not to pay dividends, opting instead to re-invest their retained earnings into their business operations, compounding their growth and thus the book value of their shares over time.

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