Spirit Realty Capital Inc (New) (SRC) is Reiterated by Wunderlich to Buy, Raises Price Target to $ 14

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 $ 14 from a previous price target of $12.50 . Wunderlich advised their investors in a research report released on May 10, 2016.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Spirit Realty Capital Inc (New) was Downgraded by Raymond James to ” Mkt Perform” on Feb 29, 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 $ 0.01 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.

Spirit Realty Capital Inc (New) opened for trading at $11.52 and hit $11.76 on the upside on Friday, eventually ending the session at $11.74, with a gain of 2.00% or 0.23 points. The heightened volatility saw the trading volume jump to 55,99,905 shares. Company has a market cap of $5,631 M.

In a different news, on Mar 4, 2016, Thomas H Jr Nolan (Chief Executive Officer) sold 12,500 shares at $10.65 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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