Spirit Realty Capital (SRC) Rating Lowered to Hold at Deutsche Bank

Spirit Realty Capital (NYSE:SRC) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, May 8th, Marketbeat.com reports.

Other analysts also recently issued research reports about the stock. Mizuho raised shares of Spirit Realty Capital to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, January 23rd. Zacks Investment Research downgraded shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.00.

Shares of NYSE:SRC opened at $42.66 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.79. Spirit Realty Capital has a 12 month low of $33.86 and a 12 month high of $44.20. The stock has a market capitalization of $3.67 billion, a P/E ratio of 11.29 and a beta of 0.53.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.33). The business had revenue of $112.59 million during the quarter, compared to the consensus estimate of $104.71 million. Spirit Realty Capital had a net margin of 31.91% and a return on equity of 5.82%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.07 EPS. On average, sell-side analysts forecast that Spirit Realty Capital will post 3.22 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Osborn Williams & Donohoe LLC purchased a new position in shares of Spirit Realty Capital during the first quarter worth approximately $25,000. We Are One Seven LLC purchased a new position in Spirit Realty Capital during the fourth quarter valued at approximately $29,000. Pinnacle Financial Partners Inc. purchased a new position in Spirit Realty Capital during the first quarter valued at approximately $44,000. Advisory Services Network LLC increased its holdings in Spirit Realty Capital by 43.9% during the first quarter. Advisory Services Network LLC now owns 1,640 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 500 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in Spirit Realty Capital during the first quarter valued at approximately $111,000. 90.61% of the stock is currently owned by institutional investors and hedge funds.

About Spirit Realty Capital

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial, office and data center properties.

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Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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