JPMorgan Chase & Co. downgraded shares of Spirit Realty Capital from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $13.00 to $9.00 in a research report on Thursday, May 4th. Past 5 years growth of Spirit Realty Capital Inc (NYSE:SRC) observed at 27.29%, looking forward for the next 5 years it has a strong prediction of 49.72% over growth. The stock stands 0.31% above the average-price of 50 days and -1.77% compared with the SMA 20. The stock is now trading -24.90% below its SMA 50 and -34.16% below its SMA 200. Currently Spirit Realty Capital, Inc.
The company's net profit margin stands at N/A whereas its return on equity (ROE) is N/A. The company is set at a mean analysts' recommendation of 2.90. Harvest Fund Management Co.
While considering growth estimates of the company, it has next quarter growth estimates of 33.3% whereas during current quarter it has -20% estimations over growth, comparing to the estimations of 33.3% during current year and 7.1% for next year. Ltd bought a new position in shares of Spirit Realty Capital during the fourth quarter valued at approximately $103,000. Comparatively, Spirit Realty Capital, Inc. posted earnings of $0.09 per share in the same quarter previous year. Penserra Capital Management LLC raised its position in Spirit Realty Capital by 51.5% in the first quarter.
Spirit Realty Capital, Inc (NYSE:SRC)'s stock had its "buy" rating reissued by equities researchers at Deutsche Bank AG in a report released on Friday, May 5th. Spirit Realty Capital presently has a consensus rating of Hold and an average target price of $12.04. Ltd. boosted its position in Spirit Realty Capital by 0.3% in the third quarter. (SRC) is $9.62/share according to the consensus of analysts working on the stock, with an expected EPS of $0.07/share for the current quarter. The stock now has a consensus rating of "Hold" and a consensus target price of $12.04. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.
SRC has a 1-year high price of $ 13.31 and 1-year low price of $6.64. The stock's market capitalization is 3.48B. Lincoln National Corp now owns 18,027 shares of the real estate investment trust's stock worth $183,000 after buying an additional 218 shares during the last quarter.
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Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/05/19/morgan-stanley-lowers-spirit-realty-capital-inc-src-to-equal-weight-updated.html. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA & global copyright & trademark laws. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. But even with this move, there is still plenty of room for the company to come back from a longer term perspective, and especially if we look to recent lows for the company as well. Janney Montgomery Scott LLC bought a new position in Spirit Realty Capital during the first quarter valued at about $109,000. Zacks Investment Research cut Spirit Realty Capital from a "hold" rating to a "strong sell" rating in a research note on Wednesday. The Interpublic Group of Companies, Inc.is now trading -0.38% below its 20-day and 3.65% versus the 200-day simple moving averages while -0.80% compared with its 50-day simple moving average. The Company's operations are carried out through Spirit Realty, L.P.
The number of shares traded in the last trading session was 19.13 Million.
05/04/2017 - Spirit Realty Capital, Inc. was downgraded to " by analysts at JP Morgan.