Spirit Realty Capital Inc (New) (SRC) is Upgraded by Robert W. Baird to Outperform, Price Target at $13

Spirit Realty Capital Inc (New) (SRC) was Upgraded by Robert W. Baird to ” Outperform” and the brokerage firm has set the Price Target at $13. Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Robert W. Baird Upgraded Spirit Realty Capital Inc (New) on Nov 21, 2016 to ” Outperform”, Price Target of the shares are set at $13.Mizuho Initiated Spirit Realty Capital Inc (New) on Oct 14, 2016 to “Buy”, Price Target of the shares are set at $14.50.Spirit Realty Capital Inc (New) was Upgraded by Morgan Stanley to ” Overweight” on Sep 7, 2016.

On the company’s financial health, Spirit Realty Capital Inc (New) reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.21. The company had revenue of $172.51 million for the quarter, compared to analysts expectations of $169.73 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Spirit Realty Capital Inc (New) opened for trading at $10.5 and hit $10.6 on the upside on Monday, eventually ending the session at $10.51, with a gain of 0.67% or 0.07 points. The heightened volatility saw the trading volume jump to 31,99,031 shares. Company has a market cap of $5,082 M.

In a different news, on Nov 17, 2016, Jackson Hsieh (COO) purchased 9,500 shares at $10.61 per share price. According to the SEC, on Nov 10, 2016, Phillip D Jr Joseph (CFO) purchased 2,516 shares at $10.74 per share price. On Sep 6, 2016, Thomas H Jr Nolan (Chief Executive Officer) sold 15,000 shares at $13.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Spirit Realty Capital Inc (New)

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