Wellesley Investment Advisors Exits Position in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : Wellesley Investment Advisors has sold out all of its stake in Spirit Realty Capital Inc (New) during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 74,100 shares of Spirit Realty Capital Inc (New) which is valued at $880,308.

Other Hedge Funds, Including , Pvg Asset Management sold out all of its stake in SRC during the most recent quarter. The investment firm sold 298,451 shares of SRC which is valued $3.5 Million.Shinko Asset Management Ltd. reduced its stake in SRC by selling 5,000 shares or 20.08% in the most recent quarter. The Hedge Fund company now holds 19,900 shares of SRC which is valued at $236,412.Tiaa Cref Investment Management reduced its stake in SRC by selling 561,212 shares or 47.95% in the most recent quarter. The Hedge Fund company now holds 609,132 shares of SRC which is valued at $7.2 Million. Spirit Realty Capital Inc (New) makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Quantbot Technologies Lp reduced its stake in SRC by selling 28,763 shares or 95.34% in the most recent quarter. The Hedge Fund company now holds 1,405 shares of SRC which is valued at $16,059. Telemus Capital added SRC to its portfolio by purchasing 50,000 company shares during the most recent quarter which is valued at $571,500. Spirit Realty Capital Inc (New) makes up approx 0.09% of Telemus Capital’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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