Just How Negative is Deutsche Bank Following Their Downgrade of Spirit Realty Capital (NYSE:SRC)?

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

Investors sentiment decreased to 0.01 in 2018 Q4. 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.

Employees Retirement Association Of Colorado has 17,633 shares for 0% of their portfolio. Macquarie Group Incorporated Limited, Australia-based fund reported 29,260 shares. Voloridge Inv Mgmt Limited stated it has 29,324 shares or 0.05% of all its holdings. C M Bidwell And Assoc Ltd invested in 0.06% or 1,452 shares. Fort Washington Invest Oh has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC). Qci Asset Mgmt Inc Ny holds 1,400 shares or 0.01% of its portfolio. Cutler Capital Management Llc holds 0.81% or 50,400 shares.

Since November 14, 2018, it had 1 insider purchase, and 1 insider sale for $1.59 million activity. $99,995 worth of Spirit Realty Capital, Inc. (NYSE:SRC) was bought by Hughes Michael C..

Spirit Realty Capital (NYSE:SRC) Receives a Downgrade

In a report shared with 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 stock to “Underperform” rating in Thursday, November 15 report. On Thursday, December 6 the stock rating was downgraded by Raymond James to “Underperform”.

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 $77.86 million 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 Finance.Yahoo.com with their article: “Did Hedge Funds Drop The Ball On SRC Energy Inc. (SRCI) ? – Yahoo Finance” published on May 02, 2019, Benzinga.com published: “35 Stocks Moving In Friday’s Pre-Market Session – Benzinga” on May 03, 2019. More interesting news about Spirit Realty Capital, Inc. (NYSE:SRC) were released by: Globenewswire.com and their article: “SRC Energy Inc. Reports First Quarter 2019 Financial Results – GlobeNewswire” published on May 01, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Spirit Realty Capital Inc (SRC) A Good Stock To Buy? – Yahoo Finance” with publication date: April 26, 2019.

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

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