Spirit Realty Capital, Inc (SRC) Downgraded by Mizuho to Underperform
- Author: Zachary Reyes May 20, 2017,
May 20, 2017, 0:29
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -33.25%, and has a poor year to date (YTD) performance of -31.83% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Now Spirit Realty Capital, Inc. (SRC)'s distance from 200 day simple moving average is -35.07 percent, its distance from 50 day simple moving average is -26.24 percent, while its distance from 20 day simple moving average is -19.8 percent. The recent change has given its price a -4.28% deficit over SMA 50 and -70.88% deficit over its 52-week high.
The company's net profit margin stands at N/A whereas its return on equity (ROE) is N/A. (SRC) lost -2.74% to reach $7.11 in the previous trading session. Harvest Fund Management Co. The company had Year Ago Sales of 160.51 Million. Most recently on 5/9/17 the stock of Spirit Realty Capital, Inc (New) (NYSE:SRC) downgraded by Morgan Stanley from Overweight to Equal-Weight.
The share price of the company (NYSE:SRC) was up +1.11%, with a high of 7.27 during the day and the volume of Spirit Realty Capital, Inc. shares traded was 19131163. Virginia Retirement Systems ET AL increased its stake in shares of Spirit Realty Capital by 7.9% in the third quarter. FMR LLC boosted its position in shares of Spirit Realty Capital by 14.9% in the fourth quarter.
If shares can stay above the price resistance around $7.33/share, that could help propel Spirit Realty Capital, Inc. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company's stock. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.02. On average, equities analysts forecast that Spirit Realty Capital will post $0.25 earnings per share for the current year. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Spirit Realty Capital has a 52 week low of $6.64 and a 52 week high of $13.97.
Beta is also an important valuation ratio for analyzing the stock of the company, SRC has Beta of 0.62 while its industry and Sector's beta remains at 0.39 and 1.55 respectively. WFG Advisors LP now owns 11,790 shares of the real estate investment trust's stock worth $264,000 after buying an additional 9,090 shares in the last quarter.
While trading at volume above than average, Spirit Realty Capital, Inc.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of worldwide copyright and 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. The stock's market capitalization is 3.52B, it has a 52-week low of 6.64 and a 52-week high of 13.97. The Company has 52-week high of $13.31 and 52-week low of $6.64. Janney Montgomery Scott cut Spirit Realty Capital from a "buy" rating to a "neutral" rating in a research note on Thursday, May 4th. Future earnings predictions are perhaps the most essential input when trying to value a company. 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's operations are carried out through Spirit Realty, L.P. Ltd. now owns 78,963 shares of the real estate investment trust's stock valued at $1,053,000 after buying an additional 222 shares during the period. Zacks Investment Research raised shares of Spirit Realty Capital from a "sell" rating to a "hold" rating in a research report on Friday, March 3rd. (SRC) traded with the volume of 20.54 Million shares while its average 3 months volume is at 11730 shares.