Short Term Price Target on Spirit Realty Capital (SRC)

Spirit Realty Capital (NYSE:SRC) stock is expected to deviate a maximum of $0.93 from the average target price of $12.27 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $14 and the most muted being $11.

Shares of Spirit Realty Capital, Inc. rose by 8.87% in the last five trading days and 13.15% for the last 4 weeks. Spirit Realty Capital, Inc. is up 14.96% in the last 3-month period. Year-to-Date the stock performance stands at 31.37%. Also, Major Brokerage house, UBS upgrades its ratings on Spirit Realty Capital (NYSE:SRC). In the latest research report, UBS raises the target price from $11.5 per share to $13 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 27, 2016.

Spirit Realty Capital (NYSE:SRC) : Zacks Investment Research ranks Spirit Realty Capital (NYSE:SRC) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.09, which indicates as a Buy.

Spirit Realty Capital (NYSE:SRC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.52 and $12.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.77, notching a gain of 2.00% for the day. The total traded volume was 4,867,140 . The stock had closed at $12.52 on the previous day.

In an insider trading activity, Nolan Thomas H Jr, director officer (Chief Executive Officer) of Spirit Realty Capital, Inc., unloaded 15,000 shares at an average price of $11.48 on June 1, 2016. The total amount of the transaction was worth $172,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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