June 24, 2014 8:05 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Tuesday, Bank of America analyst Juan C. Sanabria upgraded the rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: SRC) from Neutral to Buy, and raised the price target from $11.50 to $12.00.In the report, Bank of America noted, “We are upgrading SRC to Buy from Neutral on valuation with a $12 PO. SRC is currently trading at a 23% discount on 2015E FFO to its closest peers (NNN & O) with a 5.9% distribution rate. In addition, we estimate SRC is currently trading at an attractive 6.8% implied cap rate vs. a 6.0% average for NNN & O. We continue to like SRC's focus on middle market tenants, management's acquisition track record and its modest size off of which to grow ($6.7B gross assets). SRC has a solid, tenured management team that has proactively de-risked the company since its IPO. Lastly, we note SRC may be an attractive target in a quickly consolidating triple-net space given its discounted valuation vs. peers.”Spirit Realty Capital closed on Monday at $11.46.
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