Spirit Realty Capital Inc (NYSE:SRC): Institutional Investor Sentiment Down to 0.99

October 2, 2018 - By Ash

Spirit Realty Capital, Inc. (NYSE:SRC) Logo

Sentiment for Spirit Realty Capital Inc (NYSE:SRC)

Spirit Realty Capital Inc (NYSE:SRC) institutional sentiment decreased to 0.99 in Q2 2018. Its down -0.09, from 1.08 in 2018Q1. The ratio dropped, as 120 institutional investors increased and started new positions, while 121 sold and reduced equity positions in Spirit Realty Capital Inc. The institutional investors in our partner’s database now possess: 382.12 million shares, down from 393.89 million shares in 2018Q1. Also, the number of institutional investors holding Spirit Realty Capital Inc in their top 10 positions decreased from 7 to 5 for a decrease of 2. Sold All: 23 Reduced: 98 Increased: 68 New Position: 52.

Spirit Realty Capital, Inc. is a publicly traded real estate investment trust. The company has market cap of $3.42 billion. The firm primarily acquires across the United States single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits. It has a 44.33 P/E ratio. The firm was formerly known as Spirit Finance Corp.

The stock decreased 0.99% or $0.08 during the last trading session, reaching $7.98. About 4.70 million shares traded or 7.97% up from the average. Spirit Realty Capital, Inc. (NYSE:SRC) has risen 7.20% since October 2, 2017 and is uptrending. It has underperformed by 8.42% the S&P500.

Analysts await Spirit Realty Capital, Inc. (NYSE:SRC) to report earnings on November, 1. They expect $0.17 EPS, down 26.09 % or $0.06 from last year’s $0.23 per share. SRC’s profit will be $72.86 million for 11.74 P/E if the $0.17 EPS becomes a reality. After $0.20 actual EPS reported by Spirit Realty Capital, Inc. for the previous quarter, Wall Street now forecasts -15.00 % negative EPS growth.

V3 Capital Management L.P. holds 13.88% of its portfolio in Spirit Realty Capital, Inc. for 8.21 million shares. Knighthead Capital Management Llc owns 9.36 million shares or 12.49% of their US portfolio. Moreover, Permian Investment Partners Lp has 7.68% invested in the company for 7.20 million shares. The New York-based Monarch Alternative Capital Lp has invested 6.79% in the stock. Tricadia Capital Management Llc, a New York-based fund reported 954,043 shares.

Since January 1, 0001, it had 1 insider buy, and 0 sales for $24,634 activity.

Spirit Realty Capital, Inc. (NYSE:SRC) Ratings Coverage

Ratings analysis reveals 0 of Spirit Realty Capital’s analysts are positive. Out of 3 Wall Street analysts rating Spirit Realty Capital, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $8 while the high is $8.25. The stock’s average target of $8.13 is 1.88% above today’s ($7.98) share price. SRC was included in 3 notes of analysts from April 24, 2018. JP Morgan maintained the stock with “Neutral” rating in Tuesday, April 24 report. As per Monday, September 10, the company rating was maintained by Bank of America. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) has “Hold” rating given on Thursday, June 21 by BTIG Research.

Spirit Realty Capital, Inc. (NYSE:SRC) Institutional Positions Chart

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