Just the Facts on Spirit Realty Capital, Inc. (SRC)

Spirit Realty Capital, Inc. (SRC) is an interesting player in the Financial space, with a focus on REIT – Diversified. The stock has been active on the tape, currently trading at $7.96, down from yesterday’s close by -0.13%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Spirit Realty Capital, Inc. (SRC) currently trades with a market capitalization of $3.66 Billion. That value represents a market adjusting for revenues that have been falling by -4.63 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $340.77 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.06 on a per share basis this quarter. Perhaps, that suggests something about why 0.89% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how SRC has been acting. Looking at the stock’s movement on the chart, Spirit Realty Capital, Inc. recorded a 52-week high of $10.60. It is now trading 2.64% off that level. The stock is trading $7.99 its 50-day moving average by 0.03%. The stock carved out a 52-week low down at $6.64.

In recent action, Spirit Realty Capital, Inc. (SRC) has made a move of +5.15% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.86% with $452.83 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SRC.

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