Spirit Realty Capital (SRC): Price Target and June Short Interest Disclosure

Spirit Realty Capital (SRC) : The consensus price target for Spirit Realty Capital (SRC) is $12.52 for the short term with a standard deviation of $0.94. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $14, however, the pessimist price target for the company is $11.

Spirit Realty Capital (SRC) has witnessed a rise of 8.4% or 718,566 shares in its short figure. The short interest augmentation took it from 8,582,759 on June 15,2016 to 9,301,325 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1.9%. The days to cover are 2 given that the daily volume averaged 4,202,710 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, UBS upgrades their rating on the shares of Spirit Realty Capital (NYSE:SRC). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $13 per share from $11.5 per share. The rating by the firm was issued on April 27, 2016.


Spirit Realty Capital (NYSE:SRC): On Thursdays trading session , Opening price of the stock was $13.22 with an intraday high of $13.22. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.93. However, the stock managed to close at $12.99, a loss of 1.67% for the day. On the previous day, the stock had closed at $13.21. The total traded volume of the day was 2,431,766 shares.

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