V3 Capital Management adds Spirit Realty Capital Inc (New) (SRC) to its portfolio

Spirit Realty Capital Inc (New) (SRC) : V3 Capital Management added new position in Spirit Realty Capital Inc (New) during the most recent quarter end. The investment management firm now holds 2,566,593 shares of Spirit Realty Capital Inc (New) which is valued at $30.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Spirit Realty Capital Inc (New) makes up approximately 8.16% of V3 Capital Management’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp boosted its stake in SRC in the latest quarter, The investment management firm added 27,743 additional shares and now holds a total of 106,322 shares of Spirit Realty Capital Inc (New) which is valued at $1.3 Million. Spirit Realty Capital Inc (New) makes up approx 0.05% of Stevens Capital Management Lp’s portfolio. 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.Wfg Advisors Lp boosted its stake in SRC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,100 shares of Spirit Realty Capital Inc (New) which is valued at $13,068.Swiss National Bank boosted its stake in SRC in the latest quarter, The investment management firm added 145,400 additional shares and now holds a total of 730,832 shares of Spirit Realty Capital Inc (New) which is valued at $8.6 Million. Spirit Realty Capital Inc (New) makes up approx 0.02% of Swiss National Bank’s portfolio.

Spirit Realty Capital Inc (New) closed down -0.11 points or -0.96% at $11.31 with 64,21,065 shares getting traded on Wednesday. Post opening the session at $11.44, the shares hit an intraday low of $11.21 and an intraday high of $11.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 $ 0.01 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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