Eii Capital Management Lowers stake in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : Eii Capital Management reduced its stake in Spirit Realty Capital Inc (New) by 3.9% during the most recent quarter end. The investment management company now holds a total of 648,801 shares of Spirit Realty Capital Inc (New) which is valued at $8,635,541 after selling 26,300 shares in Spirit Realty Capital Inc (New) , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Spirit Realty Capital Inc (New) makes up approximately 2.47% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc boosted its stake in SRC in the latest quarter, The investment management firm added 3,155 additional shares and now holds a total of 22,926 shares of Spirit Realty Capital Inc (New) which is valued at $305,145. Spirit Realty Capital Inc (New) makes up approx 0.01% of World Asset Management Inc’s portfolio. New England Investment Retirement Group added SRC to its portfolio by purchasing 10,920 company shares during the most recent quarter which is valued at $145,345. Spirit Realty Capital Inc (New) makes up approx 0.08% of New England Investment Retirement Group’s portfolio. Capital Fund Management S.a. added SRC to its portfolio by purchasing 570,982 company shares during the most recent quarter which is valued at $7,645,449. Spirit Realty Capital Inc (New) makes up approx 0.13% of Capital Fund Management S.a.’s portfolio.Gradient Investments boosted its stake in SRC in the latest quarter, The investment management firm added 708 additional shares and now holds a total of 1,708 shares of Spirit Realty Capital Inc (New) which is valued at $22,255.

Spirit Realty Capital Inc (New) closed down -0.13 points or -0.98% at $13.1 with 64,81,328 shares getting traded on Monday. Post opening the session at $13.21, the shares hit an intraday low of $13.05 and an intraday high of $13.32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Spirit Realty Capital Inc (New) reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.20. The company had revenue of $171.70 million for the quarter, compared to analysts expectations of $171.03 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Company shares were Reiterated by Wunderlich on May 10, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $12.50 .

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