Finance

Spirit Realty Capital, Inc (New) (NYSE:SRC): Reviewing Company's Shares

Spirit Realty Capital, Inc (New) (NYSE:SRC): Reviewing Company's Shares

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

05/05/2017 - Spirit Realty Capital, Inc. was downgraded to " by analysts at UBS. (SRC)'s distance from 200 day simple moving average is -35.07 percent, its distance from 50 day simple moving average is -26.24 percent, while its distance from 20 day simple moving average is -19.8 percent.

While looking at the SMA values of Spirit Realty Capital, Inc.

A number of other research analysts also recently issued reports on the company. The last session's volume of 19.60 million shares was higher than its average volume of 19.41 million shares. Mitsubishi UFJ Kokusai Asset Management Co. However a year ago for the same quarter the company has reported $0.1 EPS.

Spirit Realty Capital (NYSE:SRC) traded down 0.14% during mid-day trading on Thursday, hitting $7.26. Virginia Retirement Systems ET AL increased its stake in shares of Spirit Realty Capital by 7.9% in the third quarter. Lincoln National Corp boosted its position in Spirit Realty Capital by 1.2% in the first quarter.

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.

Analysts on average have given a price target of $9.62 to Spirit Realty Capital, Inc. Analysts have a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Spirit Realty Capital updated its FY17 guidance to $0.80 - $0.84 EPS. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.76 earnings per share. United Capital Financial Advisers LLC now owns 18,540 shares of the real estate investment trust's stock valued at $201,000 after buying an additional 363 shares during the period.

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Let's take a quick look at how the price of McDonald's Corporation (NYSE:MCD) is now trading in comparison to some of its simple moving averages. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. However the company reported $0.1 earnings per share for the same quarter during past year. (SRC) is 0.03 while the analysts predicted the EPS of the stock to be 0.07 suggesting the company fell short of the analysts' expectations. WFG Advisors LP now owns 11,790 shares of the real estate investment trust's stock worth $264,000 after buying an additional 9,090 shares in the last quarter.

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08/25/2016 - BTIG Research began new coverage on Spirit Realty Capital, Inc. giving the company a "buy" rating. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. SRC is down around 8.67% from its 12-month high of $6.64 notched on 42859 but is -92.16% above its highest point the past 12 months of $13.97 a share.

Spirit Realty Capital, Inc (NYSE:SRC) was downgraded by Sandler O'Neill from a "buy" rating to a "hold" rating in a research note issued 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.

05/04/2017 - Spirit Realty Capital, Inc. was downgraded to " by analysts at JP Morgan. The overall volume in the last trading session was 5.65 million shares, versus the average volume of 6.46 shares.


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