Cutler Capital Management LLC Has Trimmed Its Spirit Realty (SRC) Position by $6.73 Million as Shares Rose

Spirit Realty Capital, Inc. (NYSE:SRC) LogoInvestors sentiment decreased to 0.01 in 2018 Q4. Its down 0.95, from 0.96 in 2018Q3. It fall, as 208 investors sold SRC shares while 5 reduced holdings. 2 funds opened positions while 0 raised stakes. 135,229 shares or 99.96% less from 379.64 million shares in 2018Q3 were reported. Voloridge Investment Mngmt Limited Liability Corp holds 29,324 shares or 0.05% of its portfolio. Cutler Cap Management Limited Liability Corporation owns 50,400 shares or 0.81% of their US portfolio. Fort Washington Investment Advsr Incorporated Oh accumulated 5,760 shares or 0% of the stock. C M Bidwell & has invested 0.06% in Spirit Realty Capital, Inc. (NYSE:SRC). Public Employees Retirement Association Of Colorado has invested 0% in Spirit Realty Capital, Inc. (NYSE:SRC). Macquarie Gp holds 0% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC) for 29,260 shares. Qci Asset Incorporated New York has invested 0.01% in Spirit Realty Capital, Inc. (NYSE:SRC).

Since November 14, 2018, it had 1 insider buy, and 1 insider sale for $1.59 million activity. Hughes Michael C. bought 13,605 shares worth $99,995.

Cutler Capital Management Llc decreased its stake in Spirit Realty (SRC) by 79.23% based on its latest 2018Q4 regulatory filing with the SEC. Cutler Capital Management Llc sold 192,296 shares as the company’s stock rose 2.61% with the market. The institutional investor held 50,400 shares of the consumer services company at the end of 2018Q4, valued at $1.78 million, down from 242,696 at the end of the previous reported quarter. Cutler Capital Management Llc who had been investing in Spirit Realty for a number of months, seems to be less bullish one the $3.22B market cap company. The stock decreased 0.77% or $0.29 during the last trading session, reaching $37.42. About 2.17 million shares traded or 132.95% up from the average. Spirit Realty Capital, Inc. (NYSE:SRC) has risen 8.65% since March 17, 2018 and is uptrending. It has outperformed by 4.28% the S&P500.

Analysts await Spirit Realty Capital, Inc. (NYSE:SRC) to report earnings on May, 7. They expect $0.80 EPS, down 27.27 % or $0.30 from last year’s $1.1 per share. SRC’s profit will be $68.73 million for 11.69 P/E if the $0.80 EPS becomes a reality. After $0.84 actual EPS reported by Spirit Realty Capital, Inc. for the previous quarter, Wall Street now forecasts -4.76 % negative EPS growth.

More notable recent Spirit Realty Capital, Inc. (NYSE:SRC) news were published by: Globenewswire.com which released: “SRC Energy Inc. Reports Fourth Quarter and Year End 2018 Financial and Operating Results – GlobeNewswire” on February 20, 2019, also Businesswire.com with their article: “Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock – Business Wire” published on March 04, 2019, Seekingalpha.com published: “A Look Inside Our Safe-Haven Portfolio: SRC.PA Is A Strong Buy – Seeking Alpha” on February 06, 2019. More interesting news about Spirit Realty Capital, Inc. (NYSE:SRC) were released by: Seekingalpha.com and their article: “3 Great Buys From Real Estate In 2019 – Seeking Alpha” published on March 08, 2019 as well as Seekingalpha.com‘s news article titled: “ALB, NAK, HTZ among premarket gainers – Seeking Alpha” with publication date: February 21, 2019.

Spirit Realty Capital, Inc. (NYSE:SRC) Ratings Coverage

Among 2 analysts covering Spirit Realty Capital (NYSE:SRC), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Spirit Realty Capital had 3 analyst reports since November 15, 2018 according to SRatingsIntel. As per Thursday, November 15, the company rating was downgraded by Bank of America. Raymond James downgraded Spirit Realty Capital, Inc. (NYSE:SRC) on Thursday, December 6 to “Underperform” rating.

Spirit Realty Capital, Inc. (NYSE:SRC) Institutional Positions Chart

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