Spirit Realty Capital, Inc. (NYSE:SRC) stock is presently standing at about $10.08 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 17 analysts covering the company is $12.00, which suggests the stock could still rise over 16 percent. The highest analyst price target is $15.00, which implies a rally of 51 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 6 rate SRC a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.
FBR & Co. analysts provided their view on Spirit Realty Capital, Inc. (NYSE:SRC) recently. The rating firm issued a Outperform rating to this company in a research note released on Jan 04, 2017. JP Morgan analysts disclosed their opinion on Spirit Realty Capital, Inc. (NYSE:SRC) recently. The rating firm gave a Overweight rating to this stock in a research note published on Dec 16, 2016. According to a research note disclosed on Dec 16, 2016, analysts at Mizuho have lowered their rating on these shares from Buy to Neutral.
Spirit Realty Capital, Inc. (NYSE:SRC) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its CEO NOLAN THOMAS H JR sold 15,000 company shares for 162750, in a transaction on 2017-03-01. Following the transaction, the CEO is left with a stake of 960,233 shares, currently valued at $9679149. Meanwhile, CEO NOLAN THOMAS H JR sold 15,000 shares worth $156600, through a transaction dated 2016-12-01. Following the completion of the transaction, the insider is left with a stake of 843,186 shares, amounting $8499314.88. SRC President and COO Hsieh Jackson also purchased 9,500 shares, at a stock price of $10.62. This transaction occurred on 2016-11-15 totals $100890. After this transaction, the insider’s stake stands at 430,970 shares, with a market value of $4344178.
Executives hold 0.67 percent of the stock. Thomas H. Nolan,Jr is one of the biggest insider owners in Spirit Realty Capital, Inc. (NYSE:SRC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 808,451 shares which have current market value of around $8149186.08.Mr. Peter M. Mavoides is another major inside shareholder in the company. The insider owns 627,109 shares as of 0.13%, currently worth $6321258.72. Mr. Jackson Hsieh is ranked as third insider holder of the stock. This insider holds 430,970 shares with a market value around $4344177.6 as of recent close.
Spirit Realty Capital, Inc. (NYSE:SRC) Earnings Outlook
In Spirit Realty Capital, Inc. (NYSE:SRC)’s latest quarter, EPS moved to $0.00 from $0.06 in preceding quarter and revenues reached at $164.27M compared to $161.76M. Analysts had expected Spirit Realty Capital, Inc. (NYSE:SRC) to post net income of about $0.08 per share on $163.00M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.08 to $0.09. That is compared with the $0.06 in EPS it reported during the same period a year ago.