Published: Fri, May 19, 2017
Markets | By Noel Gibbs

Brokerages Set Spirit Realty Capital, Inc (SRC) PT at $13.63


Spirit Realty Capital, Inc (New) (NYSE:SRC) shares moved to $7.19 after opening the day at $7.07, on Wednesday. Highbridge Capital Management LLC now owns 312,000 shares of the real estate investment trust's stock valued at $3,161,000 after buying an additional 218,700 shares in the last quarter. 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. BlackRock Institutional Trust Company N.A. increased its stake in shares of Spirit Realty Capital by 1.2% in the third quarter. The stock now has a Market Cap of $3.48B. Harvest Fund Management Co. Investment Centers of America Inc. boosted its stake in Spirit Realty Capital by 2.6% in the first quarter. The correct version of this news story can be read at https://transcriptdaily.com/2017/05/18/ladenburg-thalmann-financial-services-downgrades-spirit-realty-capital-inc-src-to-neutral-updated.html.

While looking at the Stock's Performance, Spirit Realty Capital, Inc. now shows a Weekly Performance of -3.13%, where Monthly Performance is -31.9%, Quarterly performance is -32.4%, 6 Months performance is -30.45% and yearly performance percentage is -36.7%. Seven analysts have provided estimates for Spirit Realty Capital's earnings. 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. Looking at this figure it suggests that the shares of Spirit Realty Capital, Inc. Are investors supposed to sell when the stock hits the target?

Given the importance of identifying companies that will grow earnings per share at high rate, we then need to consider how to identify which companies will achieve high growth rates.

Now the P/E of Spirit Realty Capital, Inc. stands at 119.83.

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Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend.

Ford Motor Company (NYSE:F) have shown a low EPS growth of -25.30% in the last 5 years and has earnings growth of -35.30% yoy. Spirit Realty Capital had a return on equity of 3.17% and a net margin of 16.77%. The company had revenue of $173.40 million for the quarter, compared to the consensus estimate of $162.91 million. The Return on Equity (ROE) value stands at 0%. The analysts estimated mean EPS at 0.07 while the high and low EPS estimate stand at 0.08 and 0.06 respectively.

WARNING: This story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. FMR LLC increased its stake in shares of Spirit Realty Capital by 14.9% in the fourth quarter. (NYSE:SRC). At the time of writing, the First Call consensus price target for the company is $9.62.

About Spirit Realty Capital Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The company is set at a mean analysts' recommendation of 3.20. Janney Montgomery Scott cut Spirit Realty Capital from a "buy" rating to a "neutral" rating in a research note on Thursday, May 4th. Narrowing in, the stock is at a distance of -31.89% from the 50 day high and 8.73% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of Spirit Realty Capital, Inc.

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In terms of Buy, Sell or Hold recommendations, Spirit Realty Capital Inc (NYSE:SRC) has analysts' mean recommendation of 2.6. Stock's minimum price target estimates has been figured out at $6.50 while the maximum price target forecast is established at $13, if we look at the price target with an optimistic approach it has upside potential of 83% from its latest closing price of $7.19.

05/05/2017 - Spirit Realty Capital, Inc. had its " rating reiterated by analysts at FBR Capital Markets.

12/14/2015 - SunTrust began new coverage on Spirit Realty Capital, Inc. giving the company a " rating.

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TRADEMARK VIOLATION WARNING: This article was first reported by Transcript Daily and is the sole property of of Transcript Daily. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link .


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