Castle Ridge Investment Management Lp Lowers stake in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : Castle Ridge Investment Management Lp reduced its stake in Spirit Realty Capital Inc (New) by 14.68% during the most recent quarter end. The investment management company now holds a total of 704,060 shares of Spirit Realty Capital Inc (New) which is valued at $9,434,404 after selling 121,139 shares in Spirit Realty Capital Inc (New) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Spirit Realty Capital Inc (New) makes up approximately 5.29% of Castle Ridge Investment Management Lp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in SRC during the most recent quarter. The investment firm sold 148,346 shares of SRC which is valued $1,987,836.Tiaa Cref Investment Management boosted its stake in SRC in the latest quarter, The investment management firm added 355,406 additional shares and now holds a total of 1,410,228 shares of Spirit Realty Capital Inc (New) which is valued at $18,897,055. Spirit Realty Capital Inc (New) makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.New York State Common Retirement Fund boosted its stake in SRC in the latest quarter, The investment management firm added 134,700 additional shares and now holds a total of 1,142,800 shares of Spirit Realty Capital Inc (New) which is valued at $15,313,520. Spirit Realty Capital Inc (New) makes up approx 0.02% of New York State Common Retirement Fund’s portfolio.First Trust Advisors Lp boosted its stake in SRC in the latest quarter, The investment management firm added 170,532 additional shares and now holds a total of 573,704 shares of Spirit Realty Capital Inc (New) which is valued at $7,590,104. Spirit Realty Capital Inc (New) makes up approx 0.02% of First Trust Advisors Lp’s portfolio.Tradewinds Capital Management boosted its stake in SRC in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 890 shares of Spirit Realty Capital Inc (New) which is valued at $12,166. Spirit Realty Capital Inc (New) makes up approx 0.01% of Tradewinds Capital Management’s portfolio.

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). Spirit Realty Capital Inc (New) was Upgraded by Morgan Stanley to ” Overweight” on Sep 7, 2016. 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 .

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *