Spirit Realty Capital (SRC) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last year. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SRC, but not buy additional shares or sell existing shares.
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9 brokers have issued twelve-month target prices for Spirit Realty Capital's shares. Their SRC share price targets range from $33.00 to $46.00. On average, they predict the company's stock price to reach $42.00 in the next twelve months. This suggests that the stock has a possible downside of 0.7%.
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Spirit Realty Capital, Inc. (NYSE:SRC) issued its earnings results on Monday, August, 7th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.50. The real estate investment trust earned $1 million during the quarter, compared to analyst estimates of $187.23 million. Spirit Realty Capital had a net margin of 33.98% and a trailing twelve-month return on equity of 5.83%. Spirit Realty Capital's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS.

Spirit Realty Capital announced a quarterly dividend on Tuesday, November 28th. Shareholders of record on Thursday, December 28th will be given a dividend of $0.67 per share on Friday, January 12th. This represents a $2.68 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Wednesday, December 27th. This is a positive change from the stock's previous quarterly dividend of $0.67.
Read our dividend analysis for SRC.

Spirit Realty Capital (NYSE:SRC) pays an annual dividend of $2.68 per share and currently has a dividend yield of 6.33%. SRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 153.14%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SRC will have a dividend payout ratio of 76.14% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SRC.

ETFs with the largest weight of Spirit Realty Capital (NYSE:SRC) stock in their portfolio include Global X SuperDividend REIT ETF (SRET), iShares Focused Value Factor ETF (FOVL), Fidelity Real Estate Investment ETF (FPRO), Harbor Corporate Culture Leaders ETF (HAPY), Sound Enhanced Fixed Income ETF (FXED), Sound Enhanced Fixed Income ETF (SDEF), FlexShares Global Quality Real Estate Index Fund (GQRE) and First Trust S&P REIT Index Fund (FRI).

Shares of Spirit Realty Capital reverse split on Thursday, December 13th 2018. The 1-5 reverse split was announced on Tuesday, November 13th 2018. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, December 12th 2018. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Spirit Realty Capital investors own include AT&T (T), Annaly Capital Management (NLY), Enterprise Products Partners (EPD), Iron Mountain (IRM), Pfizer (PFE), Energy Transfer (ET), Omega Healthcare Investors (OHI), Cisco Systems (CSCO), Medical Properties Trust (MPW) and STORE Capital (STOR).

Spirit Realty Capital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Mather Group LLC. (0.00%). Insiders that own company stock include Jay Young, Michelle M Frymire and Richard I Gilchrist.
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