Forum Securities Ltd buys $2,104,338 stake in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : Forum Securities Ltd scooped up 1,600 additional shares in Spirit Realty Capital Inc (New) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 158,102 shares of Spirit Realty Capital Inc (New) which is valued at $2,104,338.Spirit Realty Capital Inc (New) makes up approximately 6.08% of Forum Securities Ltd’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in SRC in the latest quarter, The investment management firm added 9,985 additional shares and now holds a total of 53,751 shares of Spirit Realty Capital Inc (New) which is valued at $715,426.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in SRC in the latest quarter, The investment management firm added 2,121 additional shares and now holds a total of 24,442 shares of Spirit Realty Capital Inc (New) which is valued at $325,323.Parkwood reduced its stake in SRC by selling 7,932 shares or 14.75% in the most recent quarter. The Hedge Fund company now holds 45,844 shares of SRC which is valued at $607,433. Spirit Realty Capital Inc (New) makes up approx 0.10% of Parkwood’s portfolio.Simplex Trading reduced its stake in SRC by selling 15,643 shares or 95.71% in the most recent quarter. The Hedge Fund company now holds 701 shares of SRC which is valued at $9,162.

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 Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .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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