Spirit Realty Capital, Inc. (SRC) has a 52-week low of $6.64

Spirit Realty Capital, Inc. (SRC) has a 52-week low of $6.64

Spirit Realty Capital, Inc. (SRC) has a 52-week low of $6.64

(SRC) has a market capitalization of 3.52 Billion which suggests the company is a huge company further suggesting that the shares of Spirit Realty Capital, Inc. If you are looking for dividend paying stocks, the most reliable companies to add to your portfolio are those that don't just pay dividends, but that raise them regularly.

According to 11 analysts, Spirit Realty Capital, Inc (New) (NYSE:SRC)'s revenue estimates for the current quarter are $161.19M meanwhile the company has high revenue estimates of $167.71M in contradiction of low revenue estimates of $152.43M. Given that liquidity is king in short-term, SRC is a stock with 484.66 million shares outstanding that normally trades 0.84% of its float. Janney Montgomery Scott LLC bought a new position in shares of Spirit Realty Capital during the first quarter valued at approximately $109,000.

Analysts are speculating a 110.97% move, based on the high target price ($15) for the shares that is set to reach in the next 12 months.

Now the P/E of Spirit Realty Capital, Inc. stands at 121.17.

08/25/2016 - BTIG Research began new coverage on Spirit Realty Capital, Inc. giving the company a "buy" rating. Principal Financial Group Inc. boosted its position in shares of Spirit Realty Capital by 0.8% in the first quarter. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.76 earnings per share. The firm had revenue of $163.19 million during the quarter, compared to the consensus estimate of $169.84 million. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $9.28 on company shares.

Whether or not the company meets or beats this expectation, along with other factors, can often dictate where the share price might be headed in the near-term. Spirit Realty Capital, Inc has a 1-year low of $6.64 and a 1-year high of $13.97.

In terms of Buy, Sell or Hold recommendations, Spirit Realty Capital Inc (NYSE:SRC) has analysts' mean recommendation of 2.6. TheStreet downgraded shares of Spirit Realty Capital from a "b-" rating to a "c+" rating in a research report on Wednesday, March 15th. 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.

Oil rises as OPEC cuts outweigh United States drilling boom
The oil nations decided late past year on an output cut of 1.8 million barrels per day (bpd) to reduce global oil inventories. Saudi Aramco will reduce supplies to Asian customers by about 7 million barrels in June.

Private Advisor Group LLC raised its stake in shares of Spirit Realty Capital, Inc (NYSE:SRC) by 3.7% during the first quarter, according to its most recent 13F filing with the SEC.

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Hedge funds have recently made changes to their positions in the company. AMP Capital Investors Ltd now owns 9,618,826 shares of the real estate investment trust's stock valued at $128,987,000 after buying an additional 1,891,200 shares during the period.

11/21/2016 - Spirit Realty Capital, Inc. was upgraded to " by analysts at Robert W. Baird. Mitsubishi UFJ Kokusai Asset Management Co.

The company's price sits -24.90% below from its 50-day moving average of $9.44 and -34.16% away from the stock's 200-day moving average which is $10.40. 1st Global Advisors Inc. now owns 38,296 shares of the real estate investment trust's stock valued at $388,000 after buying an additional 411 shares during the period. Institutional investors own 96.54% of the company's stock. United Capital Financial Advisers LLC now owns 18,540 shares of the real estate investment trust's stock worth $201,000 after buying an additional 363 shares in the last quarter. In our current pick, Spirit Realty Capital, Inc.

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