Spirit Realty Capital’s (SRC) “Buy” Rating Reiterated at Mizuho

Spirit Realty Capital (NYSE:SRC)‘s stock had its “buy” rating reissued by equities research analysts at Mizuho in a note issued to investors on Thursday, December 21st. They currently have a $9.50 price objective on the real estate investment trust’s stock. Mizuho’s price objective would suggest a potential upside of 17.28% from the company’s current price.

Other research analysts also recently issued research reports about the company. ValuEngine downgraded Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Deutsche Bank reiterated a “buy” rating and set a $11.00 price target on shares of Spirit Realty Capital in a research note on Friday, October 20th. Robert W. Baird downgraded Spirit Realty Capital from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $10.00 to $9.00 in a research note on Friday, November 10th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Spirit Realty Capital in a report on Monday, November 13th. Finally, SunTrust Banks reissued a “hold” rating and set a $8.50 price objective on shares of Spirit Realty Capital in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $9.51.

Spirit Realty Capital (NYSE:SRC) opened at $8.10 on Thursday. The stock has a market capitalization of $3,706.44, a price-to-earnings ratio of 90.00 and a beta of 0.57. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.59 and a quick ratio of 0.59. Spirit Realty Capital has a 12 month low of $6.64 and a 12 month high of $11.28.

Large investors have recently added to or reduced their stakes in the business. Lasalle Investment Management Securities LLC increased its position in shares of Spirit Realty Capital by 52.2% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 22,481,416 shares of the real estate investment trust’s stock valued at $166,587,000 after purchasing an additional 7,707,615 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Spirit Realty Capital by 4.5% during the 2nd quarter. Principal Financial Group Inc. now owns 16,684,319 shares of the real estate investment trust’s stock valued at $123,630,000 after purchasing an additional 715,603 shares during the last quarter. Long Pond Capital LP increased its position in shares of Spirit Realty Capital by 101.0% during the 3rd quarter. Long Pond Capital LP now owns 14,989,473 shares of the real estate investment trust’s stock valued at $128,460,000 after purchasing an additional 7,530,599 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Spirit Realty Capital by 55.5% during the 2nd quarter. Prudential Financial Inc. now owns 12,337,803 shares of the real estate investment trust’s stock valued at $91,423,000 after purchasing an additional 4,403,654 shares during the last quarter. Finally, Monarch Alternative Capital LP increased its position in shares of Spirit Realty Capital by 19.2% during the 3rd quarter. Monarch Alternative Capital LP now owns 11,730,897 shares of the real estate investment trust’s stock valued at $100,534,000 after purchasing an additional 1,891,100 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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Spirit Realty Capital Company Profile

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.

Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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