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BidaskClub downgraded Spirit Realty Capital, Inc (New) (NYSE:SRC) to Sell in a report released today.

Yesterday Spirit Realty Capital, Inc (New) (NYSE:SRC) traded -1.43% lower at $7.44. The company’s 50-day moving average is $7.81 and its 200-day moving average is $8.99. The last stock close price is down -8.14% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 13,377,987 shares of the stock were exchanged, up from an average trading volume of 12,980,100

BidaskClub has downgraded Spirit Realty Capital, Inc (New) (NYSE:SRC) to Sell in a report released on Saturday July 08, 2017.

See Chart Below

Spirit Realty Capital, Inc (New) (NYSE:SRC)

Spirit Realty Capital, Inc (New) has a 52 week low of $6.64 and a 52 week high of $13.95 with a P/E ratio of 62.58 The company’s market cap is currently $0.

In addition to BidaskClub reporting its target price, a total of 13 firms have issued a report on the stock. The consensus target price is $11.88 with 2 firms rating the stock a strong buy, 3 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Spirit Realty Capital, Inc (New) (NYSE:SRC)

Spirit Realty Capital, Inc. is a publicly traded real estate investment trust. 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. The firm was formerly known as Spirit Finance Corp. Spirit Realty Capital, Inc. was formed on August 14, 2003 and is domiciled in the United States.

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