Analysts Opinion on Price Target: Spirit Realty Capital, Inc (NYSE:SRC)

Spirit Realty Capital, Inc (NYSE:SRC) shares traded -2.87% during the most recent session the stock exchanged hands 42.93M shares versus average trading capacity of 6.29M shares, yielding a market cap of $4.56B. Wall Street analysts covering the stock are projecting that the stock will reach $12.36 within the next 52-weeks. The mean target projections are based on 18 opinions, the mean target was last revised on 04/19/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Spirit Realty Capital, Inc (NYSE:SRC) high price target of $15.00 and with a conservative view have low price target of $10.50 with a standard deviation of $1.28. If seeing target price from optimistic overview then it has a 64 percent upside potential from the latest closing price of $9.15.

Spirit Realty Capital, Inc (NYSE:SRC) received “Initiated” rating by FBR & Co. in a research note issued to investors on Jan-04-17 as Outperform at $13.

Additionally on Dec-16-16 Spirit Realty Capital, Inc (NYSE:SRC) was “Initiated” by JP Morgan as Overweight and on Dec-16-16 the stock was “Downgraded” by Mizuho from Buy to Neutral at $10.50. Furthermore on Nov-21-16 the stock was “Upgraded” by Robert W. Baird from Neutral to Outperform at $13.

On the other hand the company has Relative Strength Index (RSI 14) of 20.92 along with Average True Range (ATR 14) of 0.21, Consequently Spirit Realty Capital, Inc (NYSE:SRC) weekly and monthly volatility is 2.71%, 1.91% respectively. The company’s beta value is at 0.60.

In terms of Buy, Sell or Hold recommendations, Spirit Realty Capital, Inc (NYSE:SRC) has an analysts’ mean recommendation of 2.00. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Spirit Realty Capital, Inc (NYSE:SRC) will report earnings of $0.07 for the current quarter on or around 5/3/2017 After Market Close, however the company’s high EPS estimates are $0.09 and low estimates are $0.04. However the company reported $0.06 earnings per share for the same quarter during last year.

Previously Spirit Realty Capital, Inc (NYSE:SRC) reported $0.21 earnings per share (EPS) for the quarter on 2/22/2017 After Market Close, meeting the consensus estimate of $0.21 by $0.00. The company posted an earnings surprise of 0.00%.

While considering growth estimates of the company, it has next quarter growth estimates of -20.00% whereas during current quarter it has 16.70% estimations over growth, comparing to the estimations of 57.10% during current year. Past 5 years growth of Spirit Realty Capital, Inc (NYSE:SRC) observed at 42.36%, looking forward for the next 5 years it has a strong prediction of 49.72% over growth.

Spirit Realty Capital, Inc (NYSE:SRC) revenue estimates for the current quarter are $164.94M according to 13 number of analysts, for the current quarter the company has high revenue estimates of $169.33M in contradiction of low revenue estimates of $160.29M. For the current year the company’s revenue estimates are $670.92M compared to low analyst estimates of $654.81M and high estimates of $691.66M according 14 number of analysts.

Currently Spirit Realty Capital, Inc (NYSE:SRC) shares owned by insiders are 0.40%, whereas shares owned by institutional owners are 98.90%. However the six-month change in the insider ownership was recorded -0.88%, as well as three-month change in the institutional ownership was recorded 0.57%.

Spirit Realty Capital, Inc (NYSE:SRC) trading -31.26% away from its 52 week high of $13.31 and -2.56% far from the stock’s low point over the past 52 weeks, which was $9.39. The stock hit its 52-week high on 08/04/16, and 52-week low on 05/01/17. The company’s trailing twelve month income is 45.10M dollars and is paying 7.87% dividend yield annually.

Spirit Realty Capital, Inc (NYSE:SRC) trailing twelve month revenues are $686.00M, whereas its price to sales ratio for the same period is 6.72. Its book value per share for the most recent quarter is $7.63 while its price to book ratio for the same period is 1.20, as for as the company’s cash per share for the most recent quarter is $0.02, however its price to cash per share ratio for the same period is 456.21. The stock has a current PEG ratio of 1.92 where as its trailing twelve month P/E ratio is 95.31.

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