Spirit Realty Capital, Inc. (NYSE:SRC) Trading Volume Significantly Higher

Ausiliatrice Cristiano
Agosto 13, 2017

Finally, Toronto Dominion Bank purchased a new position in shares of Spirit Realty Capital during the first quarter worth approximately $141,000.

Several large investors have recently bought and sold shares of the company. Goldman Sachs Grp stated it has 0% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC). 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 in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Spirit Realty Capital during the first quarter valued at approximately $109,000. Penserra Capital Management LLC boosted its position in shares of Spirit Realty Capital by 51.5% in the first quarter. The institutional investor owned 32,400 shares of the real estate investment trust's stock after selling 25,000 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Spirit Realty Capital by 24.0% in the first quarter. 13,377,987 shares of the company were exchanged. Norges Bank purchased a new position in shares of Spirit Realty Capital during the fourth quarter worth approximately $41,964,000. The EVP, CFO and Treasuer now owns $1,007,464 of the stock per the Form 4 SEC filing. The fund owned 14,176 shares of the real estate investment trust's stock at the end of the second quarter. Tower Research Capital Limited (Trc) invested in 0.01% or 6,361 shares. (NYSE:SRC) tinted gains of +1.57% (+0.13 points) to US$8.43. The company's forward price to earnings ratio for next fiscal year is 31.86. Spirit Realty Capital, Inc (New)'s 50-day moving average is $7.78 and its 200-day moving average is $9.01. (SRC) has a market capitalization of 3.84 Billion which suggests the company is a huge company further suggesting that the shares of Spirit Realty Capital, Inc.

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

There has been some buying insider activity on Spirit Realty Capital, Inc. The institutional investor held 3.42M shares of the consumer services company at the end of 2016Q4, valued at $37.18 million, up from 2.83 million at the end of the previous reported quarter. However a year ago for the same quarter the company has reported $0.06 EPS. Similarly, the company's last 5 years high P/E ratio is 179.83 and low P/E is 113.04, whereas, the industry's and sector's high P/E for the past year is 39.04 and 30.76 respectively and low P/E ratio for the last 5 years is 16.48 for the industry and 11.64 for the Sector. In the last earnings report the EPS was $0.18 and is expected to be $0.22 for the current year with 458,402,000 shares presently outstanding.

The company also recently declared 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.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $8.78 on the stock, this valuation is based on 15 number of opinions. (SRC) in trading session dated August 08, 2017. Spirit Realty Capital earned a news impact score of 0.17 on Accern's scale.

ILLEGAL ACTIVITY WARNING: "Somewhat Positive Media Coverage Somewhat Unlikely to Impact Spirit Realty Capital (SRC) Share Price" was first posted by BNB Daily and is the property of of BNB Daily. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and global copyright legislation. BidaskClub upgraded shares of Spirit Realty Capital from a "hold" rating to a "buy" rating in a research report on Monday, July 31st. Spirit Realty Capital had 37 analyst reports since July 23, 2015 according to SRatingsIntel. UBS AG cut shares of Spirit Realty Capital from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $12.00 to $9.00 in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. (NYSE:SRC) ended its day at $8.43 with the rising stream of 1.57% and its total traded volume was 7.81 million shares less than the average volume. Following the acquisition, the director now directly owns 64,560 shares in the company, valued at $548,114.40. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $29,997.00. The disclosure for this purchase can be found here. During the last month, the stock has changed 1.82% and performed 43.59% over the last 6 months. Of the analysts surveyed by Reuters that track Spirit Realty Capital, Inc. The Company's operations are carried out through Spirit Realty, L.P.

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