Weiss Multi-strategy Advisers buys $55,772,274 stake in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : Weiss Multi-strategy Advisers scooped up 1,562,110 additional shares in Spirit Realty Capital Inc (New) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,162,110 shares of Spirit Realty Capital Inc (New) which is valued at $55,772,274.Spirit Realty Capital Inc (New) makes up approximately 2.49% of Weiss Multi-strategy Advisers’s portfolio.

Other Hedge Funds, Including , Castle Ridge Investment Management Lp reduced its stake in SRC by selling 121,139 shares or 14.68% in the most recent quarter. The Hedge Fund company now holds 704,060 shares of SRC which is valued at $9,434,404. Spirit Realty Capital Inc (New) makes up approx 5.29% of Castle Ridge Investment Management Lp’s portfolio. Clinton Group Inc sold out all of its stake in SRC during the most recent quarter. The investment firm sold 499,726 shares of SRC which is valued $6,696,328.Canada Pension Plan Investment Board reduced its stake in SRC by selling 9,500 shares or 16.81% in the most recent quarter. The Hedge Fund company now holds 47,000 shares of SRC which is valued at $629,800.Bradley Foster Sargent Incct boosted its stake in SRC in the latest quarter, The investment management firm added 36,352 additional shares and now holds a total of 1,955,312 shares of Spirit Realty Capital Inc (New) which is valued at $25,614,587. Spirit Realty Capital Inc (New) makes up approx 1.12% of Bradley Foster Sargent Incct’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in SRC in the latest quarter, The investment management firm added 10,479 additional shares and now holds a total of 92,284 shares of Spirit Realty Capital Inc (New) which is valued at $1,228,300.

Spirit Realty Capital Inc (New) closed down -0.02 points or -0.15% at $13.23 with 31,31,070 shares getting traded on Thursday. Post opening the session at $13.23, the shares hit an intraday low of $13.12 and an intraday high of $13.31 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Spirit Realty Capital Inc (New) reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.20. The company had revenue of $171.70 million for the quarter, compared to analysts expectations of $171.03 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Company shares were Reiterated by Wunderlich on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

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