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

$42.02
-0.57 (-1.34%)
(As of 01:45 PM ET)
Compare
Today's Range
$41.98
$42.57
50-Day Range
$32.35
$42.58
52-Week Range
$32.22
$44.65
Volume
1.26 million shs
Average Volume
1.09 million shs
Market Capitalization
$5.94 billion
P/E Ratio
24.01
Dividend Yield
6.38%
Price Target
$41.67

Spirit Realty Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.7% Downside
$41.67 Price Target
Short Interest
Healthy
1.55% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.38
Upright™ Environmental Score
News Sentiment
1.12mentions of Spirit Realty Capital in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.32%
From $3.45 to $3.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Finance Sector

276th out of 790 stocks

Nonresidential Building Operators Industry

1st out of 4 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 Price History

SRC Stock News Headlines

MarketBeat ‘Stock of the Week’: Spirit Realty deal rattles REITs
A deal between Realty Income and Spirit Realty could create a retail REIT with greater market clout - and boost the sector’s long-term growth prospects.
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
U.S. Military Defense Fails Without Vanadium?
The metal vanadium is needed for numerous military applications, including jet engines, airframes, and ballistic missiles. And although the U.S. Govt. considers vanadium critical to national security, less than 5% of the metal is mined in America. This means we're at the mercy of China and Russia for our supply.
It's Merger Monday for Real-Estate Investment Trusts
SRC: Raising target price to $38.00
See More Headlines
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Company Calendar

Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Last Earnings
11/02/2023
Today
12/05/2023
Ex-Dividend for 1/12 Dividend
12/27/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/12/2024
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$41.67
High Stock Price Target
$46.00
Low Stock Price Target
$33.00
Potential Upside/Downside
-2.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
11 Analysts

Profitability

Net Income
$285.52 million
Pretax Margin
34.46%

Debt

Sales & Book Value

Annual Sales
$709.63 million
Cash Flow
$4.29 per share
Book Value
$31.47 per share

Miscellaneous

Free Float
140,568,000
Market Cap
$6.02 billion
Optionable
Optionable
Beta
1.29

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Key Executives

  • Mr. Jackson Hsieh (Age 62)
    President, CEO & Director
    Comp: $3.75M
  • Mr. Michael C. Hughes (Age 48)
    Executive VP & CFO
    Comp: $1.38M
  • Mr. Kenneth Heimlich (Age 57)
    Executive VP & Chief Investment Officer
    Comp: $1.39M
  • Mr. Jay A. YoungMr. Jay A. Young (Age 53)
    Executive VP, Chief Administrative Officer & Chief Legal Officer
    Comp: $1.1M
  • Ms. Rochelle Thomas (Age 39)
    Executive VP, General Counsel & Secretary
    Comp: $901.91k
  • Mr. Prakash J. Parag (Age 48)
    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 45)
    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?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last twelve months. There are currently 2 sell ratings, 7 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?

11 equities 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 $41.67 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
View analysts price targets for SRC
or view top-rated stocks among Wall Street analysts.

How have SRC shares performed in 2023?

Spirit Realty Capital's stock was trading at $39.93 on January 1st, 2023. Since then, SRC shares have increased by 6.2% and is now trading at $42.40.
View the best growth stocks for 2023 here
.

Are investors shorting Spirit Realty Capital?

Spirit Realty Capital saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 2,190,000 shares, a drop of 24.2% from the October 31st total of 2,890,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is currently 1.2 days.
View Spirit Realty Capital's Short Interest
.

When is Spirit Realty Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our SRC earnings forecast
.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital, Inc. (NYSE:SRC) issued its earnings results on Thursday, November, 2nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.86 by $0.61. The real estate investment trust had revenue of $188.21 million for the quarter, compared to the consensus estimate of $189.48 million. Spirit Realty Capital had a net margin of 33.98% and a trailing twelve-month return on equity of 5.83%.

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

Spirit Realty Capital declared a quarterly dividend on Tuesday, November 28th. Shareholders 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 6.32%. The ex-dividend date 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 6.41%. 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 75.92% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SRC.

When did Spirit Realty Capital's stock split?

Shares of Spirit Realty Capital reverse split on the morning of 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 many different retail and institutional investors. Top institutional investors include FMR LLC (7.14%), Nomura Holdings Inc. (2.70%), Deutsche Bank AG (2.34%), Deutsche Bank AG (2.34%), Rush Island Management LP (2.23%) and Massachusetts Financial Services Co. MA (2.10%). Insiders that own company stock include Jay Young, Michelle M Frymire and Richard I Gilchrist.
View institutional ownership trends
.

How do I buy shares of Spirit Realty Capital?

Shares of SRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:SRC) was last updated on 12/5/2023 by MarketBeat.com Staff

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