How Sun Trust Rbsn Humphrey Currently Rates Spirit Realty Capital (NYSE:SRC)
Sun Trust Rbsn Humphrey issued “Buy” rating on Spirit Realty Capital (NYSE:SRC). The firm initiated coverage on shares of SRC in analysts note released on Monday morning.
From a total of 12 analysts covering Spirit Realty Capital (NYSE:SRC) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $12.5 while the lowest target price is $10. The mean of all analyst targets is $11.44 with a 25.39% above today’s ($9.73) stock price. Spirit Realty Capital was the topic of 8 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Wunderlich initiated shares on October 27 with “Buy” rating. Robert W. Baird upgraded SRC stock in a recent report from August 21 to “Outperform” rating. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on an August 7.
Approximately 930,289 shares of stock traded hands. Spirit Realty Capital, Inc (New) (NYSE:SRC) has declined 11.30% since May 11, 2015 and is downtrending. It has underperformed by 6.88% the S&P500.
The overall sentiment of institutions has decreased to 1.15 in Q2 2015. Its down 0.21, from 1.36 in 2015Q2. The ratio turned negative, as 17 institutions have sold all the shares of Spirit Realty Capital, Inc (New) that they owned while 95 funds have taken shares off the table. 36 funds have purchased shares for the first time while 93 added to their positions. These institutions now hold 345.41 million shares or 15.06% less than the 406.66 million shares they owned in 2015Q2.
The Fund Ranger International Management Lp currently is holding shares equating to 5.44% of its total portfolio in Spirit Realty Capital, Inc (New) representing a total of 1.81 million shares. Another fund,Grs Advisors Llc, is holding a total of 4.34 million shares equating to 4.69% of their holdings. Additionally, Forum Securities Ltd has a 363,317 share stake in Spirit Realty Capital, Inc (New) which represents 3.82% of their total portfolio. The Fund, Green Street Investors Llc, based out of California, has also built up a stake in the stock, which represents a total of 2.73% of their total portfolio. Finally Echo Street Capital Management Llc, a fund which is based in the state of New York reported a total holdings of 7.48 million shares.
Insider activity is a very important aspect to track on any stock. Going back to April 3, 2015, shareholders of Spirit Realty Capital, Inc (New) have witnessed 1 buy, and a total of 1 insider sale equating to a net activity of approximately $91,439 . Seibert Gregg A bought 4,300 shares worth approximately $39,811. Nolan Thomas H Jr sold 12,500 shares worth approximately $131,250.
According to Zacks Investment Research, “Spirit Realty Capital, Inc. is a real estate investment trust. It acquires single tenant, operationally essential real estate where the tenants conduct retail, service or distribution activities. The Company has investments throughout the United States. Its portfolio of properties is leased to tenants operating in different industries which includes restaurants; general, specialty and discount retailers; movie theatres; education facilities; health, fitness and recreational facilities; automotive dealers, parts and service facilities; and supermarkets. Spirit Realty Capital, Inc. is based in Scottsdale, Arizona.”