Waterfront Capital Partners Lowers stake in Spirit Realty Capital Inc (New) (SRC)

Spirit Realty Capital Inc (New) (SRC) : Waterfront Capital Partners reduced its stake in Spirit Realty Capital Inc (New) by 10.14% during the most recent quarter end. The investment management company now holds a total of 1,992,375 shares of Spirit Realty Capital Inc (New) which is valued at $26,697,825 after selling 224,924 shares in Spirit Realty Capital Inc (New) , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Spirit Realty Capital Inc (New) makes up approximately 4.08% of Waterfront Capital Partners’s portfolio.

Other Hedge Funds, Including , Fmr boosted its stake in SRC in the latest quarter, The investment management firm added 1,950,500 additional shares and now holds a total of 14,574,100 shares of Spirit Realty Capital Inc (New) which is valued at $195,292,940. Spirit Realty Capital Inc (New) makes up approx 0.03% of Fmr’s portfolio. Quantitative Investment Management sold out all of its stake in SRC during the most recent quarter. The investment firm sold 51,700 shares of SRC which is valued $688,127. Quantbot Technologies Lp sold out all of its stake in SRC during the most recent quarter. The investment firm sold 1,405 shares of SRC which is valued $18,701.Simplex Trading reduced its stake in SRC by selling 15,643 shares or 95.71% in the most recent quarter. The Hedge Fund company now holds 701 shares of SRC which is valued at $9,162.

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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