Shares of Barclays PLC (ADR) (NYSE:BCS) ended Wednesday session in green amid volatile trading. The shares closed up +0.31 points or 3.60% at $8.92 with 6.24 million shares getting traded. Post opening the session at $8.91, the shares hit an intraday low of $8.81 and an intraday high of $8.96 and the price vacillated in this range throughout the day. The company has a market cap of $38.18 billion and the numbers of outstanding shares have been calculated to be 16.91 billion shares.
Barclays PLC (ADR) (BCS) provides various financial products and services worldwide. The company offers personal and corporate banking, mortgage, and wealth and investment management services to individuals and businesses; and retail and business banking, cards, corporate and investment banking, and wealth management and insurance services. It also provides brokerage and risk management services across various asset classes, including equity and fixed income, currency, and commodity products; strategic advice on mergers and acquisitions, corporate finance, and strategic risk management solutions; and multi-asset class and macro-economic research services, as well as offers credit cards and wholesale banking. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985. Barclays PLC was founded in 1896 and is headquartered in London, the United Kingdom.
Shares of Spirit Realty Capital, Inc (New) (NYSE:SRC) ended Wednesday session in green amid volatile trading. The shares closed up +0.24 points or 1.83% at $13.38 with 3.22 million shares getting traded. Post opening the session at $13.18, the shares hit an intraday low of $13.00 and an intraday high of $13.43 and the price vacillated in this range throughout the day. The company has a market cap of $6.31 billion and the numbers of outstanding shares have been calculated to be 479.68 million shares.
Spirit Realty Capital, Inc (New) (SRC) on Aug. 03, 2016 released its financial and operating results for the three and six months ended June 30, 2016.
Second Quarter 2016 Highlights
- Rental revenue increased 0.6% to $160.5 million compared to $159.6 million during the same period a year ago.
- Net income attributable to common stockholders decreased 18.7% to $49.5 million compared to $60.9 million during the same period a year ago.
- Net income per diluted share was $0.10, compared to $0.14 during the same period a year ago.
- AFFO increased 9.9% to $104.4 million compared to $95.0 million during the same period a year ago.
- AFFO per diluted share was $0.22, unchanged from the same period in 2015.
- FFO per diluted share increased to $0.24, compared to $0.22 during the same period a year ago.
Thomas H. Nolan, Jr., Chairman and Chief Executive Officer stated, “During the quarter, we continued to execute on our strategic initiatives to expand and diversify our portfolio while strengthening our balance sheet to support long-term growth. We were a net acquirer of properties during the quarter, as we remain selective in our investment approach. Our acquisitions during the period included 110 properties with an investment value of $165 million and an initial cash yield of 7.61%. We successfully deployed capital raised during the quarter to retire $391 million of high coupon mortgage debt and increased our credit facility borrowing capacity by $200 million to $800 million. Finally, we achieved investment grade ratings from S&P and Fitch.”
“We are also pleased with the addition of two new executive officers to our team, Jackson Hsieh as President and Chief Operating Officer and Boyd Messmann as Executive Vice President and Chief Acquisitions Officer. Together these two executives bring over 50 years of invaluable real estate industry experience to Spirit. With these two key additions, Spirit is poised to build upon its leadership position in the triple net sector as it seeks to build additional long-term shareholder value.”