Spirit Realty Capital (SRC) : 11 analysts are covering Spirit Realty Capital (SRC) and their average rating on the stock is 2.09, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Spirit Realty Capital (SRC) : The highest short term price target forecast on Spirit Realty Capital (SRC) is $16 and the lowest target price is $11. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $13.78 with a standard deviation of $1.3.
For the current week, the company shares have a recommendation consensus of Buy. Spirit Realty Capital (NYSE:SRC): The stock opened at $13.32 on Thursday but the bulls could not build on the opening and the stock topped out at $13.50 for the day. The stock traded down to $13.15 during the day, due to lack of any buying support eventually closed down at $13.25 with a loss of -0.67% for the day. The stock had closed at $13.34 on the previous day. The total traded volume was 2,268,260 shares.
In a related news,The director officer (Chief Executive Officer) of Spirit Realty Capital, Inc., Nolan Thomas H Jr sold 15,000 shares at $11.48 on June 1, 2016. The Insider selling transaction had a total value worth of $172,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.