Hgi Capital Management buys $4,210,910 stake in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : Hgi Capital Management scooped up 26,861 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 12, 2016. The investment management firm now holds a total of 314,247 shares of Spirit Realty Capital Inc (New) which is valued at $4,210,910.Spirit Realty Capital Inc (New) makes up approximately 6.63% of Hgi Capital Management’s portfolio.

Other Hedge Funds, Including , Bayesian Capital Management Lp sold out all of its stake in SRC during the most recent quarter. The investment firm sold 10,600 shares of SRC which is valued $142,040.Credit Suisse Ag boosted its stake in SRC in the latest quarter, The investment management firm added 300,901 additional shares and now holds a total of 1,356,520 shares of Spirit Realty Capital Inc (New) which is valued at $18,177,368. Spirit Realty Capital Inc (New) makes up approx 0.02% of Credit Suisse Ag’s portfolio. Globeflex Capital L P sold out all of its stake in SRC during the most recent quarter. The investment firm sold 92 shares of SRC which is valued $1,233.Penserra Capital Management boosted its stake in SRC in the latest quarter, The investment management firm added 381 additional shares and now holds a total of 5,082 shares of Spirit Realty Capital Inc (New) which is valued at $67,337. Spirit Realty Capital Inc (New) makes up approx 0.01% of Penserra Capital Management’s portfolio.Commonwealth Equity Services Inc reduced its stake in SRC by selling 9,958 shares or 4.85% in the most recent quarter. The Hedge Fund company now holds 195,519 shares of SRC which is valued at $2,586,716. Spirit Realty Capital Inc (New) makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.

Spirit Realty Capital Inc (New) opened for trading at $13.12 and hit $13.34 on the upside on Monday, eventually ending the session at $13.23, with a gain of 1.07% or 0.14 points. The heightened volatility saw the trading volume jump to 40,09,310 shares. Company has a market cap of $6,346 M.

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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