UBS Initiates Coverage on Spirit Realty Capital Inc (New) to Buy

UBS Initiates Coverage on Spirit Realty Capital Inc (New)(NYSE:SRC). The shares have been rated Buy. The rating by UBS was issued on Sep 26, 2016.

In a different note, On Sep 7, 2016, Morgan Stanley said it Upgrades its rating on Spirit Realty Capital Inc (New). In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Overweight’ by the firm. Janney Capital said it Initiates Coverage on Spirit Realty Capital Inc (New), according to a research note issued on Sep 7, 2016. The shares have been rated ‘Buy’ by the firm. BTIG Research said it Initiates Coverage on Spirit Realty Capital Inc (New), according to a research note issued on Aug 25, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on Spirit Realty Capital Inc (New). In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Buy’ by the firm.

Spirit Realty Capital Inc (New) (SRC) made into the market gainers list on Thursdays trading session with the shares advancing 2.77% or 0.37 points. Due to strong positive momentum, the stock ended at $13.75, which is also near the day’s high of $13.8. The stock began the session at $13.48 and the volume stood at 66,13,214 shares. The 52-week high of the shares is $13.97 and the 52 week low is $8.895. The company has a current market capitalization of $6,596 M and it has 47,96,78,090 shares in outstanding.

Spirit Realty Capital Inc (New) has also declared a cash dividend of $0.1750 on Sep 14, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 14, 2016.

Spirit Realty Capital Inc (New)(SRC) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $171.73M. Analysts had an estimated revenue of $164.29M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, Thomas H Jr Nolan (Chief Executive Officer) sold 15,000 shares at $13.23 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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