EPS for Spirit Realty Capital, Inc (New) (SRC) Expected At $0.20

October 13, 2017 - By Migdalia James

 EPS for Spirit Realty Capital, Inc (New) (SRC) Expected At $0.20
Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.42, from 1.4 in 2017Q1. It is negative, as 53 investors sold Spirit Realty Capital, Inc (New) shares while 82 reduced holdings. 52 funds opened positions while 80 raised stakes. 425.47 million shares or 8.88% less from 466.96 million shares in 2017Q1 were reported.
Oppenheimer reported 25,233 shares. Washington-based Tradewinds Management Limited Liability Company has invested 0% in Spirit Realty Capital, Inc (New) (NYSE:SRC). Quantitative Systematic Strategies Ltd reported 17,306 shares. Ontario – Canada-based Breton Hill Ltd has invested 0.22% in Spirit Realty Capital, Inc (New) (NYSE:SRC). Moreover, Monarch Alternative Limited Partnership has 6.56% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 9.84M shares. Amalgamated Natl Bank invested 0.02% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC). Waterfront Prns Limited Liability Co reported 2.34% stake. Swiss Bancshares owns 0.01% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 808,273 shares. Signaturefd Limited Liability Company holds 0.01% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 12,140 shares. First Manhattan holds 0% or 25,000 shares in its portfolio. Thrivent Fincl For Lutherans has 194,459 shares for 0.01% of their portfolio. Ubs Asset Mngmt Americas holds 1.03 million shares or 0% of its portfolio. Raymond James Ser holds 0% or 86,341 shares. Geode Capital Mgmt Limited reported 4.14M shares. 2 are held by Exane Derivatives.

Since May 24, 2017, it had 4 insider buys, and 0 selling transactions for $321,375 activity. Messmann Boyd also bought $71,900 worth of Spirit Realty Capital, Inc (New) (NYSE:SRC) on Wednesday, May 24. JOSEPH PHILLIP D JR bought $50,049 worth of stock.

Wall Street await Spirit Realty Capital, Inc (New) (NYSE:SRC) to release earnings on November, 1. Analysts forecast earnings per share of $0.20, down exactly $0.02 or 9.09 % from 2014’s $0.22 EPS. The expected SRC’s profit could reach $90.32M giving the stock 10.71 P/E in the case that $0.20 earnings per share is reported. After posting $0.21 EPS for the previous quarter, Spirit Realty Capital, Inc (New)’s analysts now forecast -4.76 % negative EPS growth. The stock increased 0.88% or $0.07 during the last trading session, reaching $8.57. About 5.42M shares traded. Spirit Realty Capital, Inc (New) (NYSE:SRC) has declined 36.20% since October 14, 2016 and is downtrending. It has underperformed by 52.90% the S&P500.

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

Among 17 analysts covering Spirit Realty Capital (NYSE:SRC), 10 have Buy rating, 0 Sell and 7 Hold. Therefore 59% are positive. Spirit Realty Capital had 39 analyst reports since July 23, 2015 according to SRatingsIntel. As per Friday, August 4, the company rating was maintained by Ladenburg. The company was initiated on Friday, December 16 by JP Morgan. The firm has “Neutral” rating given on Friday, December 16 by Mizuho. The rating was downgraded by Janney Capital on Friday, May 5 to “Neutral”. UBS initiated the stock with “Buy” rating in Monday, September 26 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, May 9. Morgan Stanley upgraded the shares of SRC in report on Wednesday, September 7 to “Overweight” rating. The stock has “Perform” rating by Oppenheimer on Tuesday, January 5. As per Wednesday, August 16, the company rating was upgraded by Bank of America. The rating was downgraded by Robert W. Baird on Thursday, January 7 to “Neutral”.

More notable recent Spirit Realty Capital, Inc (New) (NYSE:SRC) news were published by: Prnewswire.com which released: “Spirit Realty Capital, Inc. Announces Plan for a Leveraged Spin-Off” on August 03, 2017, also Prnewswire.com with their article: “How These REIT Stocks are Performing? — Annaly Capital Management, New Senior …” published on October 03, 2017, Prnewswire.com published: “Spirit Realty Announces Pricing of Preferred Stock Offering” on September 27, 2017. More interesting news about Spirit Realty Capital, Inc (New) (NYSE:SRC) were released by: Fool.com and their article: “Why Spirit Realty Capital, Inc. Stock Plunged 23%” published on May 04, 2017 as well as Prnewswire.com‘s news article titled: “Spirit Realty Announces Closing of Series A Preferred Stock Offering and …” with publication date: October 03, 2017.

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