Spirit Realty Capital, Inc. (NYSE:SRC) Experiences Heavier than Average Trading Volume

Henrietta Strickland
August 25, 2017

In related news, CFO Phillip D. Joseph, Jr. acquired 3,636 shares of the business's stock in a transaction dated Monday, August 7th. Wfg Advisors, Lp now holds 7,333 shares with a value of $54,000. Spirit Rlty Cap Inc New now has $3.89 billion valuation.

The stock has Return on Assets (ROA) of 0.8 percent. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $155.58 on company shares. It has underperformed by 52.90% the S&P500. Insiders have purchased 68,497 shares of company stock worth $528,508 in the last three months. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.01. The Massachusetts-based Numeric Investors Llc has invested 0.17% in the stock. About 71,144 shares traded or 32.15% up from the average. Acadia Healthcare Company Inc (NASDAQ:ACHC) has declined 23.20% since August 24, 2016 and is downtrending. Shares for $99,596 were bought by Hsieh Jackson.

Spirit Realty Capital Inc (NYSE:SRC) shares traded -1.51% down during most recent session to reach at the closing price of $8.48. Its down 0.06, from 1.23 in 2016Q3. 34 funds opened positions while 92 raised stakes. 459.06 million shares or 0.50% less from 461.37 million shares in 2016Q3 were reported. Hancock Holdg reported 0% stake.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings data on Thursday, August 3rd. Profund Advsr Limited holds 0.01% or 19,201 shares in its portfolio. Blackrock Fund has 7.41 million shares.

Basso Capital Management Lp increased Starwood Ppty Tr Inc (Prn) stake by 3.13 million shares to 17.00 million valued at $17.38 million in 2016Q4.

Currently Spirit Realty Capital Inc (NYSE:SRC)'s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 97.7%. The value of the total investment in Spirit Realty Capital, Inc. went from $855,000 to $640,000 a change of $215,000 quarter to quarter. "10" Analysts notified the investors of the company to "Hold" stock. Moreover, Amp Capital Limited has 0.64% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC). 116,171 were accumulated by Kempen Capital Mngmt Nv. Sg Americas Secs Limited Liability Company holds 35,052 shares. Cornerstone Mngmt Limited Liability Company holds 0.02% or 253,384 shares in its portfolio. Globeflex Cap Ltd Partnership reported 78,634 shares or 0.21% of all its holdings. Arcadia Mi reported 1,750 shares.

As of the end of the quarter Barings LLC had acquired a total of 186,811 shares growing its position 60.6%.

Spirit Realty Capital (NYSE SRC) traded up 0.12% on Wednesday, hitting $8.49. Therefore 53% are positive. The firm has "Outperform" rating by Robert W. Baird given on Friday, August 21. The rating was downgraded by Morgan Stanley to "Equal-Weight" on Tuesday, May 9. The stock stands almost -39.14% off versus the 52-week high and 27.86% away from the 52-week low. On Friday, May 5 the stock rating was downgraded by JP Morgan to "Neutral". Mizuho cut shares of Spirit Realty Capital from a "neutral" rating to an "underperform" rating in a research note on Thursday, May 4th. BidaskClub upgraded shares of Spirit Realty Capital from a "hold" rating to a "buy" rating in a research note on Monday, July 31st. One may say buy while other recommend sell. We saw that "0" Analysts to reveal "Sell" stock. 50,000 shares valued at $2.25M were sold by WAUD REEVE B on Friday, June 9. $39,802 worth of Acadia Healthcare Company Inc (NASDAQ:ACHC) was sold by GOLDBERG RANDALL P. Analysts have a mean recommendation of 2.50 on this stock. Therefore 86% are positive. Acadia Healthcare had 31 analyst reports since August 6, 2015 according to SRatingsIntel. Wunderlich has "Buy" rating and $12.50 target. The company was maintained on Wednesday, July 5 by RBC Capital Markets.

Bank of America "Upgrades" Spirit Realty Capital Inc (NYSE:SRC) in a research note issued to investors on 8/16/17 to Buy with price target of $0. As per Thursday, August 25, the company rating was initiated by BTIG Research. The stock has "Strong Buy" rating by Raymond James on Thursday, November 3. This research report and rating ought to be used to complement individual research and plans. Vanguard Group Inc. now owns 76,711,434 shares of the real estate investment trust's stock worth $777,087,000 after buying an additional 1,910,294 shares during the period.

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