Spirit Realty Capital (SRC) has risen sharply, recording gains of 0.68% in the past 4 weeks. However, the stock has corrected -0.45% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.29% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Spirit Realty Capital, Inc. is up 18.41% in the last 3-month period. Year-to-Date the stock performance stands at 37.24%. The stock has recorded a 20-day Moving Average of 0.02% and the 50-Day Moving Average is 4.1%.
Spirit Realty Capital (NYSE:SRC): The stock opened at $13.45 on Friday but the bulls could not build on the opening and the stock topped out at $13.46 for the day. The stock traded down to $13.23 during the day, due to lack of any buying support eventually closed down at $13.34 with a loss of -0.89% for the day. The stock had closed at $13.46 on the previous day. The total traded volume was 2,968,547 shares.
Also, Equity Analysts at the Brokerage Firm, UBS, maintains their rating on the shares of Spirit Realty Capital (NYSE:SRC). UBS has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $14 per share from a prior target of $13. The rating by the firm was issued on August 4, 2016.