Spirit Realty Capital, Inc. (NYSE:SRC – Get Rating) – Jefferies Financial Group cut their Q2 2022 earnings per share (EPS) estimates for Spirit Realty Capital in a report issued on Thursday, April 14th. Jefferies Financial Group analyst L. Tsai now expects that the real estate investment trust will post earnings per share of $0.84 for the quarter, down from their prior estimate of $0.85. Jefferies Financial Group has a “Hold” rating and a $52.00 price target on the stock.
Spirit Realty Capital (NYSE:SRC – Get Rating) last announced its quarterly earnings data on Monday, February 14th. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.50). Spirit Realty Capital had a net margin of 27.80% and a return on equity of 4.60%. The firm had revenue of $156.06 million during the quarter, compared to the consensus estimate of $156.35 million. During the same period last year, the business earned $0.74 EPS. The business’s revenue was up 21.3% on a year-over-year basis.
Shares of SRC opened at $46.01 on Friday. The firm has a 50-day moving average of $46.11 and a 200-day moving average of $47.03. Spirit Realty Capital has a one year low of $43.65 and a one year high of $52.29. The company has a market cap of $5.88 billion, a PE ratio of 33.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.15 and a quick ratio of 0.15.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were issued a $0.638 dividend. This represents a $2.55 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, March 30th. Spirit Realty Capital’s dividend payout ratio is currently 187.50%.
In other Spirit Realty Capital news, CAO Jay Young sold 19,037 shares of the business’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $46.38, for a total value of $882,936.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. AGF Investments LLC acquired a new position in shares of Spirit Realty Capital in the 4th quarter valued at approximately $36,000. Moors & Cabot Inc. acquired a new position in shares of Spirit Realty Capital in the 3rd quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Spirit Realty Capital by 67.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,003 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 403 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Spirit Realty Capital by 24.4% in the 4th quarter. Quadrant Capital Group LLC now owns 1,300 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 255 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Spirit Realty Capital by 17.6% in the 4th quarter. Lazard Asset Management LLC now owns 1,489 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 223 shares in the last quarter. 93.92% of the stock is owned by hedge funds and other institutional investors.
Spirit Realty Capital Company Profile (Get Rating)
Spirit Realty Capital, Inc operates as a holding company. 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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