News headlines about Spirit Realty Capital (NYSE:SRC) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spirit Realty Capital earned a news impact score of 0.23 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.2586871025469 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s analysis:

Several research firms recently commented on SRC. ValuEngine lowered Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird lowered Spirit Realty Capital from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $9.00 in a research note on Friday, November 10th. B. Riley set a $9.00 target price on Spirit Realty Capital and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Spirit Realty Capital in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.47.

Shares of Spirit Realty Capital (NYSE SRC) traded down $0.04 during trading hours on Wednesday, reaching $8.58. The company’s stock had a trading volume of 5,205,200 shares, compared to its average volume of 10,486,547. The firm has a market capitalization of $3,929.83, a price-to-earnings ratio of 10.14 and a beta of 0.56. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.59 and a quick ratio of 0.59. Spirit Realty Capital has a 12 month low of $6.64 and a 12 month high of $11.29.

Spirit Realty Capital announced that its Board of Directors has approved a stock buyback program on Monday, August 14th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase up to 6.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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Spirit Realty Capital Company Profile

Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.

Insider Buying and Selling by Quarter for Spirit Realty Capital (NYSE:SRC)

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