Spirit Realty Capital, Inc (SRC) Cut to Equal Weight at Morgan Stanley

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Spirit Realty Capital presently has an average rating of "Hold" and a consensus target price of $12.04. PNC Financial Services Group Inc. raised its position in Spirit Realty Capital by 24.0% in the first quarter. Latest closing price was 7.49% above its 50-day moving average and 28.62% above its 200-day moving average. Furthermore on 5/04/17 Mizuho "Downgrades" the stock to Underperform at $0. Spirit Realty Capital had a return on equity of 3.17% and a net margin of 16.77%.

A number of other research analysts also recently issued reports on the company. The company had a trading volume of 2,871,787 shares. Harvest Fund Management Co. The company had revenue of $163.19 million for the quarter, compared to analysts' expectations of $169.84 million. Comparatively, SRC posted earnings of $0.09 per share in the same quarter, a year earlier.

Spirit Realty Capital, Inc. closed its last trading session at $7.19 with the gain of 1.11%. This Beta value of Spirit Realty Capital, Inc.

Vanguard Group Inc. boosted its position in shares of Spirit Realty Capital by 2.6% in the first quarter.

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Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings data on Wednesday, May 3rd.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. Cornerstone Wealth Management LLC now owns 22,501 shares of the real estate investment trust's stock worth $232,000 after buying an additional 120 shares in the last quarter. The share price is now up 20.83% for the past three months. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Spirit Realty Capital has a 12-month low of $6.64 and a 12-month high of $13.97. This represents a surprise factor of 5.88% or a difference of $-0.53. (SRC) has a market capitalization of 3.45 Billion while its Major Index membership is at 0. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by BBNS and is the sole property of of BBNS. Finally, Zacks Investment Research lowered Spirit Realty Capital from a "hold" rating to a "strong sell" rating in a report on Wednesday.

Spirit Realty Capital, Inc. was downgraded to "equal-weight" by analysts at Morgan Stanley. Spirit Realty Capital, Inc (New) (NYSE:SRC)'s shares are now trading -45.98% away from the 52-week high price of $13.31 and +8.28% far from the 52-week low price of $6.64. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of US & worldwide copyright & trademark laws. The typical day in the last two weeks has seen about a 1.33% volatility.

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A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.

The company has mean EPS estimate of 0.07 reported by 6 number of analyst for the quarter ending Aug 1, 2017- Aug 7, 2017. 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. Perhaps, that suggests something about why 0.74% of the outstanding share supply is held by institutional investors.

12/14/2015 - SunTrust began new coverage on Spirit Realty Capital, Inc. giving the company a "neutral" rating. The original version of this story can be accessed at https://sportsperspectives.com/2017/05/19/spirit-realty-capital-inc-src-shares-bought-by-private-advisor-group-llc.html. The company saw 20.54 million shares trade hands over the course of the day.

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