Spirit Realty Capital, Inc (SRC) Downgraded by Mizuho to Underperform

Finally, JPMorgan Chase & Co. downgraded shares of Spirit Realty Capital from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $13.00 to $9.00 in a research report on Thursday, May 4th. The Higher end of the revenue forecast is $167.71 Million, while the Lower end of the forecast is $152.43 Million. The 200 SMA is considered so critically important a trend indicator that the event of the 50-day SMA crossing to the downside of the 200-day SMA is referred to as a death cross, signaling a serious bear market in a stock, index or other investment.

The company's net profit margin stands at N/A whereas its return on equity (ROE) is N/A. The average volume of a stock suggests the liquidity of a particular company. Harvest Fund Management Co.

The Interpublic Group of Companies, Inc. has a 9.58B market cap and its past year revenues were 7.86B.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings data on Wednesday, May 3rd. (SRC) closed its previous trading session at $7.13 with the loss of -2.53%. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/05/19/spirit-realty-capital-inc-src-cut-to-hold-at-sandler-oneill-updated.html.

6 analysts on average are expecting Spirit Realty Capital, Inc.to report earnings of $0.07 per share for the current quarter. Spirit Realty Capital now has a consensus rating of "Hold" and a consensus price target of $12.04. Breaking those down we see that the ratings are as follows: 12 Strong Buy, 2 Rated Buy, 3 Rated Hold and 0 Rated Sell.

Currently, EPS of Spirit Realty Capital, Inc.

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Maximum and minimum EPS estimate for the current quarter is projected at $0.08 and $0.06, respectively, according to 6 analysts. There are now 13 brokerage firms covering CyrusOne Inc, offering earnings per share estimates as well as future price target projections. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Spirit Realty Capital Inc (NYSE:SRC) high price target of $15 and with a conservative view have low price target of $6.5. However the company reported $0.1 earnings per share for the same quarter during a year ago. The company's beta value is at 0.63. A total of 3.59 million shares exchanged hands as contrast to its average trading volume of 3.13 million shares.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Transcript Daily and is the property of of Transcript Daily. Zacks Investment Research downgraded shares of Spirit Realty Capital from a "hold" rating to a "sell" rating in a research report on Thursday, January 5th. Spirit Realty Capital, Inc (New) (NYSE:SRC)'s shares are now trading -45.98% away from the 52-week high price of $13.31 and +8.28% far from the 52-week low price of $6.64. Institutional investors own 96.54% of the company's stock. Ltd. now owns 78,963 shares of the real estate investment trust's stock worth $1,053,000 after buying an additional 222 shares in the last quarter.

Spirit Realty Capital, Inc (New) (NYSE:SRC) performance over the past one year plunged -35.23% whereas its year to date (YTD) performance indicated a bearish trend of -32.58%. But even with this move, there is still plenty of room for the company to come back from a longer term perspective, and especially if we look to recent lows for the company as well. Future earnings predictions are perhaps the most essential input when trying to value a company. Lincoln National Corp increased its stake in Spirit Realty Capital by 1.2% in the first quarter.

12/14/2015 - SunTrust began new coverage on Spirit Realty Capital, Inc. giving the company a "neutral" rating.

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