Quarterly EPS analysis of Spirit Realty Capital, Inc. (NYSE:SRC)

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. It dropped, as 25 investors sold Spirit Realty Capital, Inc (New) shares while 83 reduced holdings.

BidaskClub upgraded shares of Spirit Realty Capital, Inc. Accern also assigned news coverage about the real estate investment trust an impact score of 45.6358220121806 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

In related news, CFO Phillip D. Joseph, Jr. acquired 3,636 shares of Spirit Realty Capital stock in a transaction that occurred on Monday, August 7th. Lincoln National Corp now owns 18,027 shares of the real estate investment trust's stock valued at $183,000 after buying an additional 218 shares in the last quarter.

Yet another important factor while evaluating a good buy/sell decision for Spirit Realty Capital, Inc. A total of 9.35 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 13.65 Million shares, while its relative volume stands at 0.69. Norges Bank purchased a new position in shares of Spirit Realty Capital during the fourth quarter worth approximately $41,964,000. 1 analysts recommended Overweight these shares while 2 recommended Underweight, according to FactSet data. Company insiders own 0.50% of the company's stock. Oppenheimer & Co Inc grew its stake by buying 3,400 shares an increase of 15.6%. (SRC) belonging to the Real Estate sector has surged 1.57% and closed its last trading session at $8.43. The company's forward price to earnings ratio for next fiscal year is 31.86.

It is trading at $8.38 which is quite a bit higher than the 50 day moving average of $7.78 and quite a bit below the 200 day moving average of $9.01. For the current quarter Spirit Realty Capital Inc (NYSE:SRC) has high EPS estimates of $0.09 in contradiction of low EPS estimates of $0.06. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.01. The return on equity ratio or ROE stands at 1.8 percent while most common profitability ratio return on investment (ROI) was 0.6 percent. The business had revenue of $168.65 million for the quarter, compared to the consensus estimate of $163.19 million. During the same quarter in the previous year, the business posted $0.22 EPS. Teachers Advisors, LLC expanded its investment by buying 1,122,839 shares an increase of 44.0% in the quarter. Spirit Realty Capital reported sales of $165.23 million during the same quarter last year, which indicates a negative year-over-year growth rate of 2.6%. The dividend payment was $0.180 per share for the quarter which comes to $0.72 on an annualized basis. The dividend yield was $8.67. The ex-dividend date was Wednesday the 28th of June 2017. While looking the figure depicted by the Price to Earning we can suggest that the shares of Spirit Realty Capital, Inc.

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COPYRIGHT VIOLATION WARNING: This news story was originally reported by Week Herald and is owned by of Week Herald. Invests $699,000 in Spirit Realty Capital, Inc. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and global trademark and copyright legislation.

A number of analysts have recently issued reports on SRC shares. Ladenburg Thalmann Financial Services reiterated a buy rating on shares of Spirit Realty Capital in a report on Tuesday, March 21st. Finally, Sandler O'Neill downgraded Spirit Realty Capital from a "buy" rating to a "hold" rating and cut their price target for the company from $13.00 to $9.00 in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Spirit Realty Capital from a "sell" rating to a "hold" rating in a research report on Thursday, July 27th. The 50 day moving average went up $0.60 or +7.67% whereas the 200 day average was down by -7.01%.

Among 13 analysts covering SAGE Therapeutics (NASDAQ:SAGE), 10 have Buy rating, 0 Sell and 3 Hold. The North Dakota-based Inv Centers Of America Inc has invested 0.01% in Spirit Realty Capital, Inc (New) (NYSE:SRC). The Company invests in single-tenant, operationally essential real estate throughout the United States, which is acquired through strategic sale-leaseback transactions and subsequently leased on a long-term, triple-net basis to high-quality tenants with business operations within predominantly retail, but also office and industrial property types. The stock closing price is now trading upward to its 50 day moving average with change of 9.97%, escalated to its 20 day moving average with figure of 6.53% and behind its 200 day moving average with value -12.48%. Following the purchase, the chief financial officer now owns 138,504 shares in the company, valued at approximately $1,142,658. The acquisition was disclosed in a document filed with the SEC, which is available at this link. The shares were bought at an average cost of $7.47 per share, for a total transaction of $50,049.00. The disclosure for this purchase can be found here. Its share price has risen 11.07% in three months and is up 6.31% for the last five trades.

The company is down by -0.59% since yesterday's close of $8.43.

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

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