SunTrust Robinson analyst Ki Bin Kim reiterated a Buy rating on Spirit Realty Capital (NYSE: SRC) yesterday and set a price target of $9. The company’s shares opened today at $8.38, close to its 52-week high of $8.53.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 6.8% and a 71.0% success rate. Kim covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, National Storage Affiliates Trust, and General Growth Properties Inc.
Currently, the analyst consensus on Spirit Realty Capital is a Moderate Buy with an average price target of $8.88.
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The company has a one-year high of $8.53 and a one-year low of $6.58. Currently, Spirit Realty Capital has an average volume of 6.27M.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SRC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Spirit Realty Capital, Inc. engages as a holding company and real estate investement fund. Its in-house capabilities includes acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, and capital markets. The company was founded in August 14, 2003 and is headquartered in Dallas, TX.