Spirit Realty Capital, Inc (SRC) Announces Earnings Results

May 20, 2017, 00:33
Spirit Realty Capital, Inc (SRC) Announces Earnings Results

They set an outperform rating and a $13.00 target price on the stock.

05/05/2017 - Spirit Realty Capital, Inc. was downgraded to "neutral" by analysts at UBS. The stock stands 0.31% above the average-price of 50 days and -1.77% compared with the SMA 20. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/05/19/spirit-realty-capital-inc-src-cut-to-underperform-at-mizuho-updated.html.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.

The company's share price is down -34.78% from previous highs of around $29.76 per share on February 14, 2017. Harvest Fund Management Co. SRC generated revenue of $172.83 Million in the same quarter, one year ago. Looking at this figure it suggests that the shares of Spirit Realty Capital, Inc.

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The share price of the company (NYSE:SRC) was up +1.11%, with a high of 7.27 during the day and the volume of Spirit Realty Capital, Inc. shares traded was 19131163.

05/04/2017 - Spirit Realty Capital, Inc. was downgraded to "hold" by analysts at Sandler O'Neill.

If shares can stay above the price resistance around $7.33/share, that could help propel Spirit Realty Capital, Inc.

According to 11 analysts, Spirit Realty Capital, Inc (New) (NYSE:SRC)'s revenue estimates for the current quarter are $161.19M meanwhile the company has high revenue estimates of $167.71M in contradiction of low revenue estimates of $152.43M. Ltd. boosted its position in Spirit Realty Capital by 0.3% in the third quarter. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.02. AMP Capital Investors Ltd now owns 9,618,826 shares of the real estate investment trust's stock valued at $128,987,000 after buying an additional 1,891,200 shares during the period. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.

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SRC has a 1-year high price of $ 13.31 and 1-year low price of $6.64. Equities research analysts expect that Spirit Realty Capital, Inc will post $0.25 EPS for the current fiscal year. (NYSE:IPG) trades at $24.17 having a market capitalization of $9.58 billion. (NASDAQ:AMAT) stock have an ABR of 1.44.

WARNING: This story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. The Return on Equity ratio of Spirit Realty Capital, Inc. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of USA and global trademark & copyright law. The stock is now valued at $147.43 after moving 0.22% in the most recent session and 1.94% over the past 5 trading days. The equity price is down almost -4.84% from its 52-week high price of $25.34/share but is up about 10.34% from its 52-week low price of $21.67/share.

Institutional investors have recently modified their holdings of the company. (NYSE:SRC) previous 52-week high was $13.31 and moved down -35.23% over the same period, trading at a volume of 19.6 million. Janney Montgomery Scott downgraded shares of Spirit Realty Capital from a "buy" rating to a "neutral" rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Spirit Realty Capital from a sell rating to a hold rating in a report on Tuesday, February 14th.

Annual Dividend Yield of Spirit Realty Capital, Inc.

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12/14/2015 - SunTrust began new coverage on Spirit Realty Capital, Inc. giving the company a " rating. Narrowing in, the stock is at a distance of -31.23% from the 50 day high and 9.79% 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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