Spirit Realty Capital (NYSE: SRC) had raised its target price from research analysts at Morgan Stanley from $ 49.00 to $ 55.00 in a report released on Tuesday, reports Stock Target Advisor. The company currently has an “Equal Weight” rating on the shares of the Real Estate Investment Trust. Morgan Stanley’s price target suggests a potential upside of 6.84% from the stock’s previous closing price.
A number of other analysts have also rated the company. Truist raised its price target for Spirit Realty Capital from $ 50.00 to $ 55.00 and gave the stock a “buy” rating in a research report on Monday, August 16. They discovered that the move was a call for evaluation. Truist Securities raised its price target on Spirit Realty Capital from $ 50.00 to $ 55.00 and rated the company as a “Buy” in a report on Monday, August 16. Mizuho raised its price target for Spirit Realty Capital from USD 50.00 to USD 52.00 and rated the company as “neutral” in a report on Tuesday, August 24th. Zacks Investment Research downgraded Spirit Realty Capital from a “buy” rating to a “hold” rating in a report dated Saturday, August 28th. Finally, JPMorgan Chase & Co. raised its price target on Spirit Realty Capital shares from $ 48.00 to $ 54.00 and rated the company as “overweight” in a research release on Tuesday June 22nd. Five equity research analysts have given the stock a hold rating, and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average “Buy” rating and a consensus price target of $ 50.06.
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Spirit Realty Capital stock fell $ 0.47 on Tuesday to hit $ 51.48. 7,837 company shares were exchanged for an average of 798,084 shares. The stock has a market capitalization of $ 6.13 billion, a price to earnings ratio of 48.98, a price to earnings ratio of 3.00, and a beta of 1.28. The company has a 50-day moving average price of $ 49.80 and a 200-day moving average price of $ 46.98. Spirit Realty Capital has a 1-year low of $ 29.40 and a 1-year high of $ 52.29. The company has a quick ratio of 0.06, a current ratio of 0.06, and debt of 0.78.
Spirit Realty Capital (NYSE: SRC) last released its quarterly earnings data on Tuesday, August 3rd. The Real Estate Investment Trust reported $ 0.74 EPS for the quarter, meeting analysts’ consensus estimate of $ 0.74. Spirit Realty Capital had a return on equity of 3.84% and a net margin of 23.87%. Research analysts predict that Spirit Realty Capital will report EPS 3.02 for the current year.
Hedge funds and other institutional investors recently changed their positions in the stock. Huntington National Bank acquired a new stake in Spirit Realty Capital worth approximately $ 25,000 in the second quarter. Eaton Vance Management took a new position in Spirit Realty Capital stock valued at $ 25,000 during the first quarter. Meeder Asset Management Inc. increased its stake in Spirit Realty Capital by 49.1% in the second quarter. Meeder Asset Management Inc. now owns 680 shares of the real estate investment trust, valued at $ 33,000, after purchasing an additional 224 shares last quarter. Monday A & Associates Inc. took a new position in Spirit Realty Capital for $ 48,000 in the second quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Spirit Realty Capital shares for $ 54,000 in the first quarter. Hedge funds and other institutional investors own 94.98% of the company’s shares.
Spirit Realty Capital company profile
Spirit Realty Capital, Inc. acts as the holding company. His in-house skills include acquisition, portfolio management, asset management, credit research, real estate research, law, finance and accounting, and capital markets. The company was founded on August 14, 2003 and is headquartered in Dallas, TX.
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