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

Spirit Realty Capital Inc (New) (SRC) : Hgi Capital Management reduced its stake in Spirit Realty Capital Inc (New) by 19.02% during the most recent quarter end. The investment management company now holds a total of 287,386 shares of Spirit Realty Capital Inc (New) which is valued at $3.4 Million after selling 67,482 shares in Spirit Realty Capital Inc (New) , the firm said in a disclosure report filed with the SEC on May 12, 2016.Spirit Realty Capital Inc (New) makes up approximately 5.37% of Hgi Capital Management’s portfolio.

Other Hedge Funds, Including , Cedar Capital sold out all of its stake in SRC during the most recent quarter. The investment firm sold 348,196 shares of SRC which is valued $4.1 Million.Blackrock Advisors boosted its stake in SRC in the latest quarter, The investment management firm added 1,652 additional shares and now holds a total of 219,506 shares of Spirit Realty Capital Inc (New) which is valued at $2.6 Million. Allegis Investment Advisors sold out all of its stake in SRC during the most recent quarter. The investment firm sold 3,801 shares of SRC which is valued $45,156.State Board Of Administration Of Florida Retirement System boosted its stake in SRC in the latest quarter, The investment management firm added 19,480 additional shares and now holds a total of 175,126 shares of Spirit Realty Capital Inc (New) which is valued at $2.1 Million. Spirit Realty Capital Inc (New) makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Commonwealth Equity Services Inc reduced its stake in SRC by selling 16,204 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 205,477 shares of SRC which is valued at $2.3 Million. Spirit Realty Capital Inc (New) makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.

Spirit Realty Capital Inc (New) opened for trading at $11.47 and hit $11.5 on the upside on Friday, eventually ending the session at $11.43, with a gain of 0.44% or 0.05 points. The heightened volatility saw the trading volume jump to 38,97,533 shares. Company has a market cap of $5,482,468 M.

On the company’s financial health, Spirit Realty Capital Inc (New) reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.21. The company had revenue of $168.40 million for the quarter, compared to analysts expectations of $167.02 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 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 .Spirit Realty Capital Inc (New) was Downgraded by Raymond James to ” Mkt Perform” on Feb 29, 2016.

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