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Main » Spirit Realty Capital, Inc. (NYSE:SRC) Experiences Heavier than Usual Trading Volume

Spirit Realty Capital, Inc. (NYSE:SRC) Experiences Heavier than Usual Trading Volume

12 October 2017

SRC has been the topic of several analyst reports. Cutler Capital Management Llc acquired 167,100 shares as Spirit Realty (SRC)'s stock declined 32.65%.

A number of other institutional investors also recently made changes to their positions in the stock. Spirit Realty Capital had 39 analyst reports since July 23, 2015 according to SRatingsIntel. Waterfront Capital Partners, LLC grew its holdings by buying 98,942 shares an increase of 4.6% in the quarter.

Currently Spirit Realty Capital Inc (NYSE:SRC)'s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 97.7%.

Diam Company Ltd increased Waste Connections Inc stake by 12,003 shares to 28,754 valued at $1.85 million in 2017Q2. Profund Advisors LLC now owns 23,932 shares of the real estate investment trust's stock worth $177,000 after buying an additional 4,938 shares in the last quarter. Wells Fargo Mn has invested 0% in Spirit Realty Capital, Inc (New) (NYSE:SRC). Shares for $99,830 were bought by Hsieh Jackson. It also reduced Ggp Inc stake by 115,545 shares and now owns 488,171 shares. Janney Capital downgraded Spirit Realty Capital, Inc (New) (NYSE:SRC) on Friday, May 5 to "Neutral" rating.

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The stock last traded at $8.62 which is slightly above the 50 day moving average of $8.56 and a bit higher than the 200 day moving average of $8.43. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Goodwin Daniel L who had been investing in Spirit Rlty Cap Inc New for a number of months, seems to be bullish on the $3.84 billion market cap company. The stock was purchased at an average cost of $8.25 per share, with a total value of $29,997.00.

Shares of Spirit Realty Capital (NYSE:SRC) traded up 1.07% during mid-day trading on Friday, reaching $8.51. The disclosure for this purchase can be found here. 635 UMH Properties, Inc (NYSE:UMH) shares with value of $10,001 were bought by HIRSCH MATTHEW I. Cutter Brokerage Incorporated has invested 0.96% in S&W Seed Company (NASDAQ:SANW). Utah Retirement stated it has 108,505 shares or 0.02% of all its holdings. Finally, Zacks Investment Research upgraded Spirit Realty Capital from a "sell" rating to a "hold" rating in a research note on Friday, March 3rd. The stock of KLOECKNER & CO SE NPV (REGD) (OTCMKTS:KLKNF) earned "Hold" rating by Jefferies on Monday, December 12. As per Friday, May 5, the company rating was downgraded by Ladenburg Thalmann. Bank of America Corporation upgraded shares of Spirit Realty Capital from an "underperform" rating to a "buy" rating and raised their target price for the company from $6.50 to $9.75 in a report on Wednesday, August 16th. The rating was maintained by FBR Capital with "Buy" on Thursday, July 20.

Shares of Spirit Realty Capital, Inc. "(SRC) PT at $9.92" was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another site, it was illegally stolen and reposted in violation of USA & worldwide trademark and copyright laws.

Among 4 analysts covering Kloeckner (OTCMKTS:KLKNF), 0 have Buy rating, 2 Sell and 2 Hold. Company shares have been seen trading -33.59% off of the 52 week high and 27.71% away from the 52 week low. (NYSE:SRC) has gathered pace in recent weeks as a result of the underlying changes in the state of insider activity. Current price places the company's stock 9.78% away from its 200-day simple moving average, 0.41%, away from the 50-day average and also 0.19% away from 20-day average. The New York-based Cannell Peter B & Co Inc has invested 0.01% in the stock. Essex Investment Mgmt Com Limited Liability Com has invested 0.09% of its portfolio in S&W Seed Company (NASDAQ:SANW). The firm had revenue of $168.65 million during the quarter, compared to the consensus estimate of $163.19 million. Spirit Realty Capital had a return on equity of 3.17% and a net margin of 16.77%.

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While considering EPS estimates of the company, it has next quarter growth estimates of 0.06 whereas during current year it has 0.21 estimations over growth, comparing to the estimations of 0.24 during next year. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by $0.02. Equities research analysts anticipate that Spirit Realty Capital, Inc. will post $0.21 EPS for the current fiscal year. This repurchase authorization authorizes the real estate investment trust to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued. Bank of America downgraded the stock to "Neutral" rating in Monday, September 14 report. Koshinski Asset Mgmt Inc stated it has 184,778 shares or 0% of all its holdings.

Dividends is a reward scheme, that a company presents to its shareholders. The ex-dividend date of this dividend is Thursday, September 28th.

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). Its operations are carried out through the Spirit Realty, L.P.

Want to see what other hedge funds are holding SRC?

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