V3 Capital Management Lowers stake in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : V3 Capital Management reduced its stake in Spirit Realty Capital Inc (New) by 0.05% during the most recent quarter end. The investment management company now holds a total of 2,089,250 shares of Spirit Realty Capital Inc (New) which is valued at $22,208,728 after selling 1,043 shares in Spirit Realty Capital Inc (New) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Spirit Realty Capital Inc (New) makes up approximately 5.98% of V3 Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SRC in the latest quarter, The investment management firm added 1,142,771 additional shares and now holds a total of 74,559,420 shares of Spirit Realty Capital Inc (New) which is valued at $792,566,635. Spirit Realty Capital Inc (New) makes up approx 0.05% of Vanguard Group Inc’s portfolio.Comerica Bank reduced its stake in SRC by selling 498 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 20,305 shares of SRC which is valued at $208,329.Tiaa Cref Investment Management boosted its stake in SRC in the latest quarter, The investment management firm added 2,317,718 additional shares and now holds a total of 3,727,946 shares of Spirit Realty Capital Inc (New) which is valued at $42,945,938. Spirit Realty Capital Inc (New) makes up approx 0.03% of Tiaa Cref Investment Management’s portfolio.

Spirit Realty Capital Inc (New) opened for trading at $10.5 and hit $10.6 on the upside on Monday, eventually ending the session at $10.51, with a gain of 0.67% or 0.07 points. The heightened volatility saw the trading volume jump to 31,99,031 shares. Company has a market cap of $5,082 M.

On the company’s financial health, Spirit Realty Capital Inc (New) reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.21. The company had revenue of $172.51 million for the quarter, compared to analysts expectations of $169.73 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Spirit Realty Capital Inc (New). Robert W. Baird Upgraded Spirit Realty Capital Inc (New) on Nov 21, 2016 to ” Outperform”, Price Target of the shares are set at $13.Mizuho Initiated Spirit Realty Capital Inc (New) on Oct 14, 2016 to “Buy”, Price Target of the shares are set at $14.50.Spirit Realty Capital Inc (New) was Upgraded by Morgan Stanley to ” Overweight” on Sep 7, 2016.

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