Spirit Realty Capital (SRC) Earning Somewhat Favorable Media Coverage, Study Finds
Press coverage about Spirit Realty Capital (NYSE:SRC) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Spirit Realty Capital earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.1320455560144 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Spirit Realty Capital Confidentially Submits Form 10 Registration Statement in Connection with Planned Spin-off (prnewswire.com)
- Hypnotizing Stocks: Houghton Mifflin Harcourt Company, (NASDAQ: HMHC), Spirit Realty Capital, Inc., (NYSE: SRC … – Hot Stocks In Focus (press release) (reagentsglobalmarket.com)
- Latest Tally Of Analyst Opinions: Array BioPharma Inc. (NASDAQ:ARRY), Spirit Realty Capital, Inc. (NYSE:SRC … – Market Breaking Point (press release) (journalfinance.net)
- What’s Better? – Buy or Sell – Spirit Realty Capital, Inc., (NYSE: SRC) – Stock Watch (stocksnewstimes.com)
- Spirit Realty Capital (SRC) Presents At NAREIT REITWorld 2017 Conference – Slideshow (seekingalpha.com)
Spirit Realty Capital (NYSE:SRC) traded down $0.08 during mid-day trading on Monday, hitting $8.50. 3,458,261 shares of the stock were exchanged, compared to its average volume of 10,381,332. The company has a market cap of $3,911.60, a PE ratio of 10.09 and a beta of 0.56. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.19. Spirit Realty Capital has a one year low of $6.64 and a one year high of $11.29.
Spirit Realty Capital declared that its board has initiated a share buyback program on Monday, August 14th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 6.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have commented on SRC shares. Zacks Investment Research raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub raised shares of Spirit Realty Capital from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Royal Bank Of Canada upped their price target on shares of Spirit Realty Capital from $8.00 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, August 4th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Spirit Realty Capital in a research report on Friday, August 4th. Finally, Bank of America Corporation raised shares of Spirit Realty Capital from an “underperform” rating to a “buy” rating and upped their price target for the company from $6.50 to $9.75 in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Spirit Realty Capital presently has an average rating of “Hold” and an average price target of $9.47.
About Spirit Realty Capital
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.
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