Spirit Realty Capital (NYSE:SRC) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Spirit Realty Capital (NYSE:SRCGet Free Report) in a report released on Sunday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on the company. JMP Securities cut Spirit Realty Capital from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 31st. Janney Montgomery Scott cut Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Thursday, November 2nd. Mizuho increased their target price on Spirit Realty Capital from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. TheStreet cut Spirit Realty Capital from a “b-” rating to a “c+” rating in a research note on Monday, October 16th. Finally, Bank of America cut Spirit Realty Capital from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $42.00 to $33.00 in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Spirit Realty Capital presently has a consensus rating of “Hold” and an average target price of $41.91.

Get Our Latest Stock Analysis on SRC

Spirit Realty Capital Price Performance

Shares of SRC stock opened at $42.31 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 24.18 and a beta of 1.35. The business’s fifty day moving average is $43.14 and its 200 day moving average is $39.33. Spirit Realty Capital has a twelve month low of $32.22 and a twelve month high of $45.60. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.88.

Institutional Trading of Spirit Realty Capital

Several large investors have recently added to or reduced their stakes in SRC. Vanguard Group Inc. boosted its position in shares of Spirit Realty Capital by 2.1% in the third quarter. Vanguard Group Inc. now owns 19,953,334 shares of the real estate investment trust’s stock worth $721,512,000 after purchasing an additional 407,901 shares during the period. FMR LLC boosted its position in shares of Spirit Realty Capital by 1.5% in the third quarter. FMR LLC now owns 10,089,444 shares of the real estate investment trust’s stock worth $338,299,000 after purchasing an additional 150,345 shares during the period. State Street Corp boosted its position in shares of Spirit Realty Capital by 0.3% in the second quarter. State Street Corp now owns 7,775,783 shares of the real estate investment trust’s stock worth $311,274,000 after purchasing an additional 26,816 shares during the period. Macquarie Group Ltd. boosted its position in shares of Spirit Realty Capital by 2.4% in the second quarter. Macquarie Group Ltd. now owns 3,867,697 shares of the real estate investment trust’s stock worth $146,127,000 after purchasing an additional 91,039 shares during the period. Finally, Nomura Holdings Inc. boosted its position in shares of Spirit Realty Capital by 343.4% in the third quarter. Nomura Holdings Inc. now owns 3,817,311 shares of the real estate investment trust’s stock worth $127,994,000 after purchasing an additional 2,956,335 shares during the period. 96.09% of the stock is currently owned by institutional investors.

About Spirit Realty Capital

(Get Free Report)

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2023, our diverse portfolio consisted of 2,037 retail, industrial and other properties across 49 states, which were leased to 338 tenants operating in 37 industries.

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Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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