The Case for and Against 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 $7.95, down from yesterday’s close by -0.87%. 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 $3.40 Billion. That value represents a market adjusting for revenues that have been falling by -0.09 % 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 $340.61 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 1.05% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Spirit Realty Capital, Inc. recorded a 52-week high of $8.07. It is now trading 0.12% off that level. The stock is trading $8.17 its 50-day moving average by 0.22%. The stock carved out a 52-week low down at $6.47.

In recent action, Spirit Realty Capital, Inc. (SRC) has made a move of -3.99% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, 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 1.61% with $421.33 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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