Revenue Update on Spirit Realty Capital Inc (New)(NYSE:SRC)

Spirit Realty Capital Inc (New)(NYSE:SRC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $171.73M. Analysts estimated a revenue of $164.29M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.21.

Spirit Realty Capital Inc (New) (SRC) made into the market gainers list on Fridays trading session with the shares advancing 1.13% or 0.15 points. Due to strong positive momentum, the stock ended at $13.4, which is also near the day’s high of $13.63. The stock began the session at $13.35 and the volume stood at 34,04,835 shares. The 52-week high of the shares is $13.97 and the 52 week low is $8.89. The company has a current market capitalization of $6,428 M and it has 47,96,78,090 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Thomas H Jr Nolan (Chief Executive Officer) sold 15,000 shares at $11.48 per share price.Also, On Sep 17, 2015, Gregg A Seibert (CIO and EVP – Acquisitions) purchased 4,300 shares at $9.26 per share price.On Sep 2, 2015, Phillip D Jr Joseph (CFO) purchased 3,553 shares at $9.40 per share price, according to the Form-4 filing with the securities and exchange commission.

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