Spirit Realty Capital (NYSE:SRC) Earns Coverage Optimism Score of 0.20

News articles about Spirit Realty Capital (NYSE:SRC) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spirit Realty Capital earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.1320455560144 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

A number of equities research analysts have issued reports on SRC shares. B. Riley reaffirmed a “buy” rating on shares of Spirit Realty Capital in a research report on Friday, November 3rd. Zacks Investment Research downgraded Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BidaskClub raised Spirit Realty Capital from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. FBR & Co reissued a “buy” rating on shares of Spirit Realty Capital in a research report on Friday, October 20th. Finally, Bank of America raised Spirit Realty Capital from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $6.50 to $9.75 in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.47.

Spirit Realty Capital (NYSE SRC) traded down $0.11 on Wednesday, reaching $8.37. 3,930,600 shares of the company’s stock were exchanged, compared to its average volume of 10,137,899. The firm has a market cap of $3,866.01, a price-to-earnings ratio of 9.98 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 12-month low of $6.64 and a 12-month high of $11.29.

Spirit Realty Capital declared that its Board of Directors has authorized a share buyback program on Monday, August 14th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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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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