Spirit Realty Capital Inc (New) (SRC) is Initiated by Mizuho to Buy, Price Target at $14.50

Spirit Realty Capital Inc (New) (SRC) was Initiated by Mizuho to “Buy” and the brokerage firm has set the Price Target at $14.50. Mizuho advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Spirit Realty Capital Inc (New) was Upgraded by Morgan Stanley to ” Overweight” on Sep 7, 2016. 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 .

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 -1.05% at $12.22 with 29,17,687 shares getting traded on Tuesday. Post opening the session at $12.35, the shares hit an intraday low of $12.2 and an intraday high of $12.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 6, 2016, Thomas H Jr Nolan (Chief Executive Officer) sold 15,000 shares at $13.23 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.

Spirit Realty Capital Inc (New)

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