Spirit Realty Capital Inc (NYSE:SRC) shares hit a new 52-week high during trading on Monday . The company traded as high as $40.47 and last traded at $40.47, with a volume of 806507 shares trading hands. The stock had previously closed at $39.79.
SRC has been the subject of a number of analyst reports. ValuEngine raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Bank of America cut shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating and set a $40.00 target price for the company. in a research note on Thursday, November 15th. Raymond James cut shares of Spirit Realty Capital from a “market perform” rating to an “underperform” rating in a research note on Thursday, December 6th. Zacks Investment Research cut shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Finally, Mizuho upgraded shares of Spirit Realty Capital to a “buy” rating and set a $42.00 target price for the company in a research note on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Spirit Realty Capital currently has a consensus rating of “Hold” and a consensus target price of $42.38.
The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $3.47 billion, a PE ratio of 9.52 and a beta of 0.54.
A number of institutional investors have recently modified their holdings of SRC. FMR LLC raised its stake in Spirit Realty Capital by 30.8% in the 2nd quarter. FMR LLC now owns 55,511,319 shares of the real estate investment trust’s stock worth $445,756,000 after purchasing an additional 13,075,802 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Spirit Realty Capital by 2,087.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,284,051 shares of the real estate investment trust’s stock worth $34,644,000 after purchasing an additional 4,088,167 shares in the last quarter. Cohen & Steers Inc. raised its stake in Spirit Realty Capital by 106.0% in the 3rd quarter. Cohen & Steers Inc. now owns 6,095,107 shares of the real estate investment trust’s stock worth $49,127,000 after purchasing an additional 3,136,863 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Spirit Realty Capital in the 3rd quarter worth about $24,390,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Spirit Realty Capital in the 3rd quarter worth about $10,827,000.
TRADEMARK VIOLATION WARNING: “Spirit Realty Capital (SRC) Sets New 12-Month High at $40.47” was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2019/02/18/spirit-realty-capital-src-sets-new-12-month-high-at-40-47.html.
About Spirit Realty Capital (NYSE:SRC)
Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential real estate, subject to long-term net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial, office and data center properties.
Recommended Story: How dollar cost averaging works
Receive News & Ratings for Spirit Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.