Capital One Financial upgraded shares of Spirit Realty Capital (NYSE:SRC) from an equal weight rating to an overweight rating in a research note published on Tuesday morning, Benzinga reports. Capital One Financial currently has $56.00 target price on the real estate investment trust’s stock.
Several other analysts also recently weighed in on the company. Deutsche Bank boosted their price objective on Spirit Realty Capital from $50.00 to $52.00 and gave the company a hold rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upgraded shares of Spirit Realty Capital from a neutral rating to an overweight rating and raised their target price for the stock from $50.00 to $52.00 in a report on Tuesday, October 8th. Morgan Stanley lifted their target price on shares of Spirit Realty Capital from $49.00 to $51.00 and gave the stock an overweight rating in a research note on Tuesday, September 17th. Stifel Nicolaus upped their price target on shares of Spirit Realty Capital from $53.00 to $56.00 and gave the company a buy rating in a report on Tuesday, November 26th. Finally, Zacks Investment Research lowered shares of Spirit Realty Capital from a buy rating to a hold rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $52.14.
SRC opened at $52.52 on Tuesday. Spirit Realty Capital has a 12 month low of $33.86 and a 12 month high of $52.84. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $50.02 and its 200-day moving average price is $46.50. The company has a market cap of $5.23 billion, a P/E ratio of 13.89 and a beta of 0.38.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Spirit Realty Capital in the 2nd quarter worth approximately $27,000. Tower Research Capital LLC TRC purchased a new position in shares of Spirit Realty Capital during the third quarter valued at approximately $27,000. Garrett Wealth Advisory Group LLC purchased a new position in shares of Spirit Realty Capital during the third quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Spirit Realty Capital during the second quarter valued at approximately $34,000. Finally, Prestige Wealth Management Group LLC bought a new position in shares of Spirit Realty Capital during the second quarter valued at approximately $46,000. 92.31% of the stock is owned by institutional investors and hedge funds.
About Spirit Realty Capital
Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial, office and data center properties.
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