Spirit Realty Capital, Inc. (SRC) Stock Rating Upgraded by BidaskClub

Toronto Dominion Bank bought a new position in Spirit Realty Capital during the first quarter worth $141,000. (NYSE:SRC) by 43.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. If the market is performing well and the stock is over-valued, SRC might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. (NYSE:SRC) recently. Phillip D. Jr Joseph, EVP, CFO and Treasuer reported the purchase of 6,700 shares of (SRC).

On average, analysts expect that Spirit Realty Capital will report full-year sales of $161.00 million for the current financial year, with estimates ranging from $644.08 million to $661.65 million. PNC Financial Services Group Inc. now owns 11,684 shares of the real estate investment trust's stock worth $119,000 after buying an additional 2,265 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Spirit Realty Capital during the first quarter worth approximately $109,000. Prudential Financial Inc. boosted its stake in Spirit Realty Capital by 3,886.7% in the first quarter. About 11.61 million shares traded or 17.04% up from the average. Norges Bank purchased a new position in shares of Spirit Realty Capital during the fourth quarter worth approximately $41,964,000.

Institutional investors now hold around $3.82 billion or 91.2% in SRC stock.

Shares of Spirit Realty Capital, Inc.

Tightening the gaze, stock performance for the last 5 trading days is -8.00%. The company has a market cap of $3.79 billion, a PE ratio of 62.58 and a beta of 0.55. The firm's 50 day moving average price is $7.81 and its 200-day moving average price is $8.99.

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Trading volume for Spirit Realty Capital, Inc. was 9,349K in the last trading session.

Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01.

Analysts' mean recommendation for Spirit Realty Capital, Inc.

Spirit Realty Capital Inc (NYSE:SRC) has average revenue estimates of $159.75 Million, compared to low analyst estimates of $150.81 Million and high estimates of $165.23 Million for the current quarter. In contrast to the year ago quarter EPS was at 0.09. The stock ended last trade at $36.08 a share and the price is up more than 21.52% so far this year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. The dividend was $0.180 per share for the quarter which comes to $0.72 on an annualized basis. This dividend amount was represent a yeild of $8.67. The ex-dividend date was Wednesday, June 28th. Spirit Realty Capital's dividend payout ratio (DPR) is presently 514.29%.

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TRADEMARK VIOLATION NOTICE: This report was reported by The Cerbat Gem and is owned by of The Cerbat Gem. Spirit Realty Capital earned a news impact score of 0.17 on Accern's scale. "(NYSE:SRC)" was first posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another publication, it was stolen and republished in violation of US and worldwide copyright law. The correct version of this piece can be read at https://www.thestockobserver.com/2017/08/10/94320-shares-in-spirit-realty-capital-inc-src-acquired-by-honeywell-international-inc.html.

A number of research firms have commented on SRC. Zacks Investment Research upgraded Spirit Realty Capital from a "sell" rating to a "hold" rating in a report on Thursday, July 27th. Mizuho cut shares of Spirit Realty Capital from a neutral rating to an underperform rating in a report on Thursday, May 4th.

Among 13 analysts covering SAGE Therapeutics (NASDAQ:SAGE), 10 have Buy rating, 0 Sell and 3 Hold. Spirit Realty Capital now has an average rating of "Hold" and a consensus target price of $10.67. The stock was acquired at an average cost of $8.49 per share, for a total transaction of $118,860.00. Following the completion of the transaction, the chief financial officer now directly owns 138,504 shares of the company's stock, valued at $1,142,658. For the quarter, shares have been noted at 13.09%. Also, insider Jackson Hsieh purchased 13,700 shares of the stock in a transaction that occurred on Wednesday, May 24th. Teachers Advisors, LLC owns 3,673,628 shares valued at $27,222,000. The disclosure for this purchase can be found here. That's a potential -0.36 fall from where (NYSE:SRC) has been trading recently. IFC Holdings Incorporated FL now owns 23,778 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 2,000 shares during the period. Its operations are carried out through the Spirit Realty, L.P.

Here are a few additional firms who have increased or decreased their stake in (SRC).

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