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NYSE:SRC

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

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$42.15
$43.67
50-Day Range
$42.31
$45.25
52-Week Range
$32.22
$45.60
Volume
45.11 million shs
Average Volume
4.28 million shs
Market Capitalization
$5.98 billion
P/E Ratio
24.18
Dividend Yield
6.33%
Price Target
$42.00

Spirit Realty Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.7% Downside
$42.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.43
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
2.03%
From $3.45 to $3.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.52 out of 5 stars

Finance Sector

843rd out of 874 stocks

Nonresidential Building Operators Industry

4th out of 5 stocks

SRC stock logo

About Spirit Realty Capital Stock (NYSE:SRC)

Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2023, our diverse portfolio consisted of 2,037 retail, industrial and other properties across 49 states, which were leased to 338 tenants operating in 37 industries. As of September 30, 2023, our properties were approximately 99.6% occupied.

SRC Stock News Headlines

Top 15 Ethereum Competitors and Alternatives in 2024
E Mortgage Capital Unveils Groundbreaking AI Avatar Social Platform
SRC Mar 2024 40.000 put
Realty Income Balloons With Spirit Realty Takeover
Spirit Realty Shareholders Approve Merger With Realty Income
Realty Income: Net Lease Stalwart At A Fair Price
Spirit Realty Capital Inc's Dividend Analysis
SRC.PR.A Spirit Realty Capital, Inc. 6% PFD SER A
Realty Income's Deteriorating Outlook
See More Headlines
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Company Calendar

Last Earnings
8/07/2023
Today
5/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nonresidential building operators
Sub-Industry
Diversified REITs
CUSIP
84860F10
Employees
89
Year Founded
2003

Price Target and Rating

Average Stock Price Target
$42.00
High Stock Price Target
$46.00
Low Stock Price Target
$33.00
Potential Upside/Downside
-0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
9 Analysts

Profitability

Net Income
$285.52 million
Pretax Margin
34.46%

Debt

Sales & Book Value

Annual Sales
$709.63 million
Cash Flow
$4.21 per share
Book Value
$31.47 per share

Miscellaneous

Free Float
140,568,000
Market Cap
$5.98 billion
Optionable
Optionable
Beta
1.35

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Key Executives

  • Mr. Jackson Hsieh (Age 63)
    President, CEO & Director
    Comp: $3.75M
  • Mr. Michael C. Hughes (Age 49)
    Executive VP & CFO
    Comp: $1.38M
  • Mr. Kenneth Heimlich (Age 58)
    Executive VP & Chief Investment Officer
    Comp: $1.39M
  • Mr. Jay A. YoungMr. Jay A. Young (Age 54)
    Executive VP, Chief Administrative Officer & Chief Legal Officer
    Comp: $1.1M
  • Ms. Rochelle Thomas (Age 40)
    Executive VP, General Counsel & Secretary
    Comp: $901.91k
  • Mr. Prakash J. Parag (Age 49)
    Senior VP & Chief Accounting Officer
  • Mr. Pierre Revol
    Senior Vice President of Corporate Finance & Investor Relations
  • Ms. Erin Gilles
    Director of Marketing & Communications
  • Mr. Daniel Rosenberg (Age 46)
    Senior VP & Deputy Head of Asset Management
  • Mr. Travis Carter
    Senior Vice President of Credit & Underwriting

SRC Stock Analysis - Frequently Asked Questions

Should I buy or sell Spirit Realty Capital stock right now?

9 Wall Street 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 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.
View SRC analyst ratings
or view top-rated stocks.

What is Spirit Realty Capital's stock price target for 2024?

9 Wall Street research analysts have issued 12-month price targets for Spirit Realty Capital's stock. Their SRC share price targets range from $33.00 to $46.00. On average, they predict the company's share price to reach $42.00 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for SRC
or view top-rated stocks among Wall Street analysts.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital, Inc. (NYSE:SRC) issued its quarterly earnings results on Monday, August, 7th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by $0.50. The real estate investment trust had revenue of $1 million for the quarter, compared to the consensus estimate 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%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share.

How often does Spirit Realty Capital pay dividends? What is the dividend yield for Spirit Realty Capital?

Spirit Realty Capital announced a quarterly dividend on Tuesday, November 28th. Investors of record on Thursday, December 28th will be paid a dividend of $0.67 per share on Friday, January 12th. This represents a $2.68 annualized dividend and a dividend 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
.

Is Spirit Realty Capital a good dividend stock?

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.

What ETFs hold Spirit Realty Capital's stock?

ETFs with the largest weight of Spirit Realty Capital (NYSE:SRC) stock in their portfolio include Sound Enhanced Fixed Income ETF (FXED).Sound Enhanced Fixed Income ETF (SDEF).

When did Spirit Realty Capital's stock split?

Spirit Realty Capital's stock reverse split before market open 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.

What other stocks do shareholders of Spirit Realty Capital own?

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).

Who are Spirit Realty Capital's major shareholders?

Spirit Realty Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include New Mexico Educational Retirement Board (0.02%), Mather Group LLC. (0.00%) and PEAK6 Investments LLC (0.00%). Insiders that own company stock include Jay Young, Michelle M Frymire and Richard I Gilchrist.
View institutional ownership trends
.

This page (NYSE:SRC) was last updated on 5/28/2024 by MarketBeat.com Staff

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