Previously Spirit Realty Capital Inc (NYSE:SRC) reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $-0.04.
A number of research analysts have weighed in on SRC shares. 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. Sandler O'Neill had a markedly different take on 04/05/2017, proposing that Spirit Realty Capital, Inc.is now considered Hold versus prior Buy rating. 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.
Before looking at the financial values or the trading statistics of Spirit Realty Capital, Inc.
05/04/2017 - Spirit Realty Capital, Inc. was downgraded to " by analysts at Janney Montgomery Scott.
Spirit Realty Capital, Inc. was covered by a number of analysts recently, 5 rated the stock as Buy, 2 rated Outperform, 8 rated Hold, 3 gave an Underperform and 0 rated sell.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -34.16%, and has a poor year to date (YTD) performance of -32.58% which means the stock is constantly subtracting to its value from the previous fiscal year end price.More news: China's Banking Regulator to Step Up Protection After Cyber Attack
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Spirit Realty Capital, Inc. closed its last trading session at $7.31 with the loss of -2.74%. Company shares have been seen trading -45.76% off of the 52 week high and 8.73% away from the 52 week low. The firm has a market cap of $3.44 billion, a P/E ratio of 39.4994 and a beta of 0.52.
Currently, the market capitalization of Spirit Realty Capital, Inc. The stock's 50 day moving average price is $9.38 and its 200 day moving average price is $10.38.
For the past 5 years, Spirit Realty Capital, Inc.'s EPS growth has been almost 16%. For the current year the company's revenue estimates are $645.21M compared to low analyst estimates of $602.5M and high estimates of $674.3M according to the projection of 11 analysts. Revenue for the quarter also killed consensus, coming in at $165.42M, compared to the consensus of 164.94M. Over the short term, some market observers may have noticed that Spirit Realty Capital, Inc. has a 0.84% short float with 15 days to cover. The current consensus recommendation provided by covering analysts is 2.60. If you are viewing this report on another site, it was illegally copied and republished in violation of USA and global copyright and trademark legislation. Ladenburg Thalmann Financial Services downgraded Spirit Realty Capital from a "buy" rating to a "neutral" rating in a report on Thursday, May 4th.
Other institutional investors have also bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Spirit Realty Capital by 10.0% in the third quarter. Finally, World Asset Management Inc boosted its position in Spirit Realty Capital by 2.7% in the first quarter. Ltd. now owns 78,963 shares of the real estate investment trust's stock valued at $1,053,000 after buying an additional 222 shares during the period. Lincoln National Corp increased its stake in Spirit Realty Capital by 1.2% in the first quarter. US Bancorp DE now owns 26,374 shares of the real estate investment trust's stock worth $351,000 after buying an additional 23,446 shares during the period. FMR LLC increased its stake in shares of Spirit Realty Capital by 14.9% in the fourth quarter. 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. 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.
In our current pick, Spirit Realty Capital, Inc.
12/14/2015 - SunTrust began new coverage on Spirit Realty Capital, Inc. giving the company a " rating.