The Spirit Realty Capital, Inc. (NYSE:SRC) is going up by 1.17% in today’s trading session, a rise equivalent to 0.53% of the stock’s price from yesterday’s market close. A news came out on 08/07/19 stating that Spirit Realty Capital, Inc. Announces Second Quarter of 2019 Financial and Operating Results by WSJ. The lowest point that the shares touched during the trading session was $45.06, while the peak of the day was recorded at a share price of $45.375. SRC finished the previous session at $45.24 according to the data provided by Barchart, while the trading volume was observed to be $899,769.
In the 100 days of trading, SRC managed to top a 42.80% Moving average. Additionally, Spirit Realty Capital, Inc. shares have achieved a 52-week range between 33.86 and 46.56 alongside 100 days raw stochastic set at 86.53%.
The number of shares outstanding, according to the fundamentals of the company, is set at 90.36M, equal to the value of $4.09B in market capitalization. Financial analysts indicate that SRC shares should be still ranked as a “Hold”. In the last 30 days, Spirit Realty Capital, Inc. shares went down by -2.17%, adding 46.56 to growth in value, on top of a +6.90% boost since 07/15/19.
Spirit Realty Capital, Inc. (NYSE:SRC) Analyst’s Estimates
Spirit Realty Capital, Inc. (SRC) could record at least $0.33 per share in quarterly earnings in the upcoming report on 11/11/2019, a number that would actually represent a decrease of -19.83% YOY.
According to the average analyst rating, Spirit Realty Capital, Inc. would be rated as 2.80. Out of 15 different analysts monitoring SRC stock, 1 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 3 indicate that SRC is an OUTPERFORM, 0 rated the stock as a SELL, and 2 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-11-19, the stock earned a Upgrade rating due to a new analyst call from Morgan Stanley, while analysts from Deutsche Bank believe that the stock is set at Hold from Buy, as concluded on May-08-19. Raymond James, is still rather wary about the stock, deciding to keep the rating at Underperform as confirmed through a call on Dec-06-18.
BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Feb-26-18, giving the stock a Neutral from the Buy rating.
SRC Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +84.58% has been attained, while the operating margin has been recorded at +32.07%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 2.38%. Beta value of the stock is recorded at 0.42. Additionally, Spirit Realty Capital, Inc. is recording price volatility of 1.54% for the period of the last seven days and 1.83% in the last 30 days.
Spirit Realty Capital, Inc. (NYSE:SRC) Technical Outlook
For the period of the last 50 days, Spirit Realty Capital, Inc. had its Raw Stochastic average set at 78.91% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 74.43%. Stochastic %K for Spirit Realty Capital, Inc., with the last 20 days included, was set at 71.05%, having Stochastic %D topping 74.57%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Spirit Realty Capital, Inc. stocks with recording 9.14% in metrics.
Spirit Realty Capital, Inc. Insider Watch:
As far as the position of shares issued by Spirit Realty Capital, Inc. (NYSE:SRC) for the period concluded at the market close of 08/14/19, 185 institutional investors increased their positions in SRC shares by 22,602,713, 114 decreased positions by 9,115,910 and 32 institutional investors decided to hold positions at 61,659,927. These numbers put the complete list of institutional holdings set at 93,378,550 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 78 institutional investments with 9,177,569 new shares in addition to having 40 institutional investors selling their positions in 2,595,078 shares.