In a report released yesterday, Anthony Paolone from J.P. Morgan maintained a Buy rating on Spirit Realty Capital (SRC – Research Report), with a price target of $52.00. The company’s shares closed yesterday at $41.23.
According to TipRanks, Paolone is a 5-star analyst with an average return of 7.7% and a 60.37% success rate. Paolone covers the Financial sector, focusing on stocks such as Boston Properties, Cousins Properties, and Douglas Emmett.
Currently, the analyst consensus on Spirit Realty Capital is a Moderate Buy with an average price target of $47.75.
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Based on Spirit Realty Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $174.21 million and a net profit of $82.74 million. In comparison, last year the company earned a revenue of $164.58 million and had a net profit of $87.92 million
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Spirit Realty Capital, Inc. engages as a holding company and real estate investment fund. Its in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, and capital markets. The company was founded on August 14, 2003 and is headquartered in Dallas, TX.
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