Deutsche Bank Issues a Downgrade on Spirit Realty Capital (NYSE:SRC) Shares. What’s Next?

Spirit Realty Capital, Inc. (NYSE:SRC) Logo

Investors sentiment decreased to 0.01 in Q4 2018. Its down 0.95, from 0.96 in 2018Q3. It turned negative, as 208 investors sold Spirit Realty Capital, Inc. shares while 5 reduced holdings. 2 funds opened positions while 0 raised stakes. 135,229 shares or 99.96% less from 379.64 million shares in 2018Q3 were reported.

Fort Washington Inv Oh has invested 0% in Spirit Realty Capital, Inc. (NYSE:SRC). Qci Asset Mngmt Inc Ny accumulated 1,400 shares or 0.01% of the stock. Macquarie Group has invested 0% in Spirit Realty Capital, Inc. (NYSE:SRC). C M Bidwell Assocs Limited holds 0.06% in Spirit Realty Capital, Inc. (NYSE:SRC) or 1,452 shares. Cutler Mngmt Limited Company, a Massachusetts-based fund reported 50,400 shares. Voloridge Investment Mngmt Ltd Liability Co reported 29,324 shares stake. Pub Employees Retirement Association Of Colorado reported 17,633 shares or 0% of all its holdings.

Since November 14, 2018, it had 1 buying transaction, and 1 insider sale for $1.59 million activity. On Wednesday, November 14 Hsieh Jackson sold $1.69 million worth of Spirit Realty Capital, Inc. (NYSE:SRC) or 214,787 shares.

Spirit Realty Capital (NYSE:SRC) Receives a Downgrade

In analysts report revealed to investors on Wednesday morning, Deutsche Bank announced that they will be downgrading shares of Spirit Realty Capital (NYSE:SRC) from a “Buy” to a “Hold” rating.

Spirit Realty Capital, Inc. (NYSE:SRC) Ratings Coverage

Among 2 analysts covering Spirit Realty Capital (NYSE:SRC), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Spirit Realty Capital had 4 analyst reports since November 15, 2018 according to SRatingsIntel. Bank of America downgraded the shares of SRC in report on Thursday, November 15 to “Underperform” rating. The firm earned “Underperform” rating on Thursday, December 6 by Raymond James.

The stock increased 0.10% or $0.04 during the last trading session, reaching $41.55. About 693,717 shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has risen 8.65% since May 8, 2018 and is uptrending. It has outperformed by 4.28% the S&P500.

Analysts await Spirit Realty Capital, Inc. (NYSE:SRC) to report earnings on August, 6. They expect $0.80 earnings per share, down 20.00 % or $0.20 from last year’s $1 per share. SRC’s profit will be $77.86M for 12.98 P/E if the $0.80 EPS becomes a reality. After $0.86 actual earnings per share reported by Spirit Realty Capital, Inc. for the previous quarter, Wall Street now forecasts -6.98 % negative EPS growth.

Spirit Realty Capital, Inc. is a publicly traded real estate investment trust. The company has market cap of $4.04 billion. The firm primarily acquires across the United States single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits. It has a 26.58 P/E ratio. The firm was formerly known as Spirit Finance Corp.

More notable recent Spirit Realty Capital, Inc. (NYSE:SRC) news were published by: Globenewswire.com which released: “SRC Energy Issues Preliminary First Quarter 2019 Results; Provides an Operations Update and Updates 2019 Production Guidance – GlobeNewswire” on April 22, 2019, also 247Wallst.com with their article: “5 Sizzling New Stocks Trading Under $10 With Gigantic Upside Potential – 24/7 Wall St.” published on April 20, 2019, Finance.Yahoo.com published: “Did Hedge Funds Drop The Ball On BJ’s Wholesale Club Holdings, Inc. (BJ) ? – Yahoo Finance” on April 26, 2019. More interesting news about Spirit Realty Capital, Inc. (NYSE:SRC) were released by: Benzinga.com and their article: “35 Stocks Moving In Friday’s Pre-Market Session – Benzinga” published on May 03, 2019 as well as Seekingalpha.com‘s news article titled: “Spirit Realty Capital’s (SRC) CEO Jackson Hsieh on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” with publication date: May 02, 2019.

Spirit Realty Capital, Inc. (NYSE:SRC) Institutional Positions Chart

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