Spirit Realty Capital, Inc. (SRC) Closed at $7.11

Marco Green
May 20, 2017

Public companies and their boards typically start issuing regular dividend payments to common shareholders once their companies have reached a significant size and level of stability. Ladenburg Thalmann Financial Services reissued a "buy" rating on shares of Spirit Realty Capital in a research report on Tuesday, March 21st. JPMorgan Chase & Co. lowered shares of Spirit Realty Capital from an overweight rating to a neutral rating and cut their price target for the stock from $13.00 to $9.00 in a report on Thursday, May 4th. Janney Montgomery Scott LLC bought a new position in shares of Spirit Realty Capital during the first quarter valued at approximately $109,000. ABR value is precisely based on brokerage recommendations, where out of 15 brokerage recommendations 4 rate Spirit Realty Capital, Inc (New) (NYSE:SRC) stock a Strong Buy, 0 rate the stocks of the company a Buy, 8 rate Hold, 1 rate Sell and 2 recommend a Strong Sell. Following last close company's stock, is -41.28% below their SMA 50 and -76.04% below the 52-week high.

According to consensus agreement of 6 analysts Spirit Realty Capital, Inc (New) (NYSE:SRC) will report earnings per share of $0.07 in their quarterly report and it is expected to announce the company's results on 8/2/17. (SRC) has a trading volume of 19.13 Million shares, with an average trading volume of 24160 shares - with shares dropping to a 52 week low of $6.64, and the company's shares hitting a 52 week high of $ 13.31.

Spirit Realty Capital, Inc. has a 50 day moving average of 9.22 and a 200 day moving average of 10.33. The stock has a market cap of $3.51 billion, a PE ratio of 40.33 and a beta of 0.52. The Higher end of the revenue forecast is $167.71 Million, while the Lower end of the forecast is $152.43 Million. The company reported the earnings of $0.03/Share in the last quarter where the estimated EPS by analysts was $0.07/share.

While considering growth estimates of the company, it has next quarter growth estimates of 33.3% whereas during current quarter it has -20% estimations over growth, comparing to the estimations of 33.3% during current year and 7.1% for next year.

Now the P/E of Spirit Realty Capital, Inc. stands at 121.17.

Analysts give SRC a mean recommendation of 2.60.

ILLEGAL ACTIVITY NOTICE: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of US and worldwide trademark & copyright law. Spirit Realty Capital updated its FY17 guidance to $0.80 - $0.84 EPS.

Other institutional investors have also bought and sold shares of the company.

05/04/2017 - Spirit Realty Capital, Inc. was downgraded to " by analysts at JP Morgan.

This recommendation lands on a scale between 1 and 5.

The company surged 1.13% and closed its last trading session at $7.11. Capital Fund Management S.A. increased its stake in shares of Spirit Realty Capital by 117.0% in the third quarter. They have a dividend yield of 10.10% and a 5 year dividend growth rate of 0.00%.

03/11/2016 - Spirit Realty Capital, Inc. was upgraded to "outperform" by analysts at Oppenheimer. Investment Centers of America Inc. now owns 13,850 shares of the real estate investment trust's stock worth $141,000 after buying an additional 350 shares in the last quarter. Penserra Capital Management LLC raised its position in Spirit Realty Capital by 51.5% in the first quarter.

05/04/2017 - Spirit Realty Capital, Inc. was downgraded to " by analysts at Mizuho. In our current pick, Spirit Realty Capital, Inc.

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