Lasalle Investment Management Securities Boosted Its Spirit Realty Capital (SRC) Stake; First Business Financial Services (FBIZ) Has 1.61 Sentiment

November 15, 2017 - By Marguerite Chambers

First Business Financial Services, Inc. is a bank holding company. The company has market cap of $190.87 million. The Firm engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (FBB), First Business Bank-Milwaukee (FBB-Milwaukee) and Alterra Bank (Alterra) (FBB and FBB-Milwaukee and, together with FBB, the Banks). It has a 15.86 P/E ratio. The activities of FBFS are conducted through the Banks and certain subsidiaries of FBB.

Lasalle Investment Management Securities Llc increased Spirit Realty Capital Inc (SRC) stake by 52.17% reported in 2017Q2 SEC filing. Lasalle Investment Management Securities Llc acquired 7.71M shares as Spirit Realty Capital Inc (SRC)’s stock declined 32.65%. The Lasalle Investment Management Securities Llc holds 22.48M shares with $166.59 million value, up from 14.77 million last quarter. Spirit Realty Capital Inc now has $3.91B valuation. The stock rose 1.98% or $0.17 reaching $8.75 per share. About 1,335 shares traded. Spirit Realty Capital, Inc (New) (NYSE:SRC) has declined 36.20% since November 15, 2016 and is downtrending. It has underperformed by 52.90% the S&P500.




Since May 24, 2017, it had 4 buys, and 0 insider sales for $321,375 activity. On Friday, June 2 the insider JOSEPH PHILLIP D JR bought $50,049. Shares for $99,830 were bought by Hsieh Jackson on Monday, June 5. $71,900 worth of stock was bought by Messmann Boyd on Wednesday, May 24.

Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.42, from 1.4 in 2017Q1. It worsened, as 53 investors sold SRC shares while 82 reduced holdings. 52 funds opened positions while 80 raised stakes. 425.47 million shares or 8.88% less from 466.96 million shares in 2017Q1 were reported. Parkwood Lc holds 0.02% or 14,368 shares. Private Advisor Grp Ltd Company reported 58,740 shares stake. Advisory Service Networks Ltd Liability invested in 3,205 shares or 0% of the stock. Art Advisors Ltd holds 187,678 shares or 0.07% of its portfolio. Oppenheimer Inc holds 0.01% or 25,233 shares in its portfolio. Cutler Cap Mgmt Limited Liability owns 188,100 shares. Parkside Financial Bank & owns 0% invested in Spirit Realty Capital, Inc (New) (NYSE:SRC) for 161 shares. Baystate Wealth Management Ltd Liability Co has invested 0% in Spirit Realty Capital, Inc (New) (NYSE:SRC). Legal And General Gp Public Ltd Liability invested 0.01% in Spirit Realty Capital, Inc (New) (NYSE:SRC). Goldentree Asset Mgmt LP holds 2.16M shares or 3.64% of its portfolio. Alliancebernstein Lp reported 0% in Spirit Realty Capital, Inc (New) (NYSE:SRC). Stifel Corporation invested 0% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC). American Century owns 3.44M shares or 0.03% of their US portfolio. Federated Investors Pa accumulated 0% or 425 shares. Meeder Asset Mngmt reported 1,831 shares stake.

Among 17 analysts covering Spirit Realty Capital (NYSE:SRC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Spirit Realty Capital has $15 highest and $8 lowest target. $11.13’s average target is 27.20% above currents $8.75 stock price. Spirit Realty Capital had 46 analyst reports since July 23, 2015 according to SRatingsIntel. The company was initiated on Tuesday, January 5 by Oppenheimer. The firm earned “Overweight” rating on Wednesday, September 7 by Morgan Stanley. The company was downgraded on Friday, December 16 by Mizuho. The firm earned “Hold” rating on Thursday, November 2 by SunTrust. As per Monday, December 14, the company rating was initiated by SunTrust. The stock of Spirit Realty Capital, Inc (New) (NYSE:SRC) has “Outperform” rating given on Friday, August 21 by Robert W. Baird. The rating was initiated by FBR Capital with “Outperform” on Wednesday, January 4. The rating was downgraded by Robert W. Baird on Friday, November 10 to “Neutral”. As per Wednesday, August 16, the company rating was upgraded by Bank of America. The firm has “Buy” rating given on Friday, May 5 by Sandler O’Neill.

Lasalle Investment Management Securities Llc decreased Dupont Fabros Technology Inc (NYSE:DFT) stake by 355,025 shares to 1.65 million valued at $101.07M in 2017Q2. It also reduced Life Storage Inc stake by 122,742 shares and now owns 1.78 million shares. Hcp Inc (NYSE:HCP) was reduced too.

It closed at $21.79 lastly. It is down 4.34% since November 15, 2016 and is downtrending. It has underperformed by 21.04% the S&P500.

Analysts await First Business Financial Services Inc (NASDAQ:FBIZ) to report earnings on January, 25. They expect $0.39 earnings per share, down 15.22% or $0.07 from last year’s $0.46 per share. FBIZ’s profit will be $3.42 million for 13.97 P/E if the $0.39 EPS becomes a reality. After $0.30 actual earnings per share reported by First Business Financial Services Inc for the previous quarter, Wall Street now forecasts 30.00% EPS growth.

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