Spirit Realty Capital Inc (New) (SRC) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 . Wunderlich advised their investors in a research report released on Aug 9, 2016.
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.
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.
In a different news, on Jun 1, 2016, Thomas H Jr Nolan (Chief Executive Officer) sold 15,000 shares at $11.48 per share price. According to the SEC, on Sep 17, 2015, Gregg A Seibert (CIO and EVP – Acquisitions) purchased 4,300 shares at $9.26 per share price. On Sep 2, 2015, Phillip D Jr Joseph (CFO) purchased 3,553 shares at $9.40 per share price, according to the Form-4 filing with the securities and exchange commission.