Published: Sat, May 20, 2017
Economy | By Annette Adams

Spirit Realty Capital, Inc (SRC) Shares Bought by Private Advisor Group LLC

Spirit Realty Capital, Inc (SRC) Shares Bought by Private Advisor Group LLC

Finally, JPMorgan Chase & Co. downgraded shares of Spirit Realty Capital from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $13.00 to $9.00 in a research report on Thursday, May 4th.

On 05/17/2017 close, Spirit Realty Capital, Inc. Latest closing price was 7.49% above its 50-day moving average and 28.62% above its 200-day moving average. They presently have a $10.00 price objective on the real estate investment trust's stock, down from their previous price objective of $14.00.

While looking at the SMA values of Spirit Realty Capital, Inc. The company is set at a mean analysts' recommendation of 2.90. The stock had a trading volume of 3,730,010 shares. SRC generated revenue of $172.83 Million in the same quarter, one year ago.

On the last trading day, Spirit Realty Capital, Inc. Penserra Capital Management LLC raised its position in Spirit Realty Capital by 51.5% in the first quarter.

Spirit Realty Capital, Inc (NYSE:SRC) released its quarterly earnings data on Wednesday.

Spirit Realty Capital Inc (NYSE:SRC)'s revenue estimates for the current quarter are $161.25 Million according to 11 number of analysts, for the current quarter the company has high revenue estimates of $167.71 Million in contradiction of low revenue estimates of $152.43 Million. 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 for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.02. Virginia Retirement Systems ET AL now owns 249,830 shares of the real estate investment trust's stock worth $3,330,000 after buying an additional 18,200 shares in the last quarter. They now have a $8.40 price objective on the real estate investment trust's stock, down from their prior price objective of $11.50. Now The Interpublic Group of Companies, Inc.'s current price is $4.83 shy of the official highest sell-side analyst price target on Wall Street.

While looking at the Stock's Performance, Spirit Realty Capital, Inc. now shows a Weekly Performance of -1.89%, where Monthly Performance is -30.03%, Quarterly performance is -31.26%, 6 Months performance is -28.88% and yearly performance percentage is -32.92%. The difference between the expected and actual EPS was $-0.04/share, which represents an Earnings surprise of -57.1%. Compiling all of the recommendations for the firm, CyrusOne Inc (NASDAQ:CONE) current has a mean recommendation of 1.47.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by BBNS and is the sole property of of BBNS. The stock exchanged hands 20.54 Million shares versus average trading capacity of 11.73 Million shares, yielding a market cap of $3.44 Billion. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA & global copyright & trademark laws. The stock's market capitalization is 3.52B, it has a 52-week low of 6.64 and a 52-week high of 13.97. Zacks Investment Research upgraded Spirit Realty Capital from a "sell" rating to a "hold" rating in a research note on Friday, March 3rd. Hedge funds and other institutional investors own 96.54% of the company's stock. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". (SRC) now has a value of $7.27 while the company's 52 week low is at $6.64, the shares dropped to the 52 week low on 05/04/17. Finally, 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.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/05/19/morgan-stanley-lowers-spirit-realty-capital-inc-src-to-equal-weight-updated.html.

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

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