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

Sign in or create an account to add this stock to your watchlist.
$7.85 +0.06 (+0.77 %)
(As of 11/18/2018 04:00 PM ET)
Previous Close$7.85
Today's Range$7.77 - $7.87
52-Week Range$7.34 - $8.84
Volume3.63 million shs
Average Volume3.89 million shs
Market Capitalization$3.36 billion
P/E Ratio9.81
Dividend Yield6.37%
Beta0.34
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial, office and data center properties providing superior risk adjusted returns and steady dividend growth for our stockholders. As of June 30, 2018, our diversified portfolio was comprised of 1,512 properties, including properties securing mortgage loans made by the Company. Our properties, with an aggregate gross leasable area of approximately 27.7 million square feet, are leased to approximately 250 tenants across 49 states and 32 industries.

Receive SRC News and Ratings via Email

Sign-up to receive the latest news and ratings for SRC and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Nonresidential building operators
Sub-IndustryDiversified REITs
SectorFinance
Current SymbolNYSE:SRC
Previous Symbol
CUSIP84860F10
Phone972-476-1900

Debt

Debt-to-Equity Ratio0.78
Current Ratio0.60
Quick Ratio0.53

Price-To-Earnings

Trailing P/E Ratio9.81
Forward P/E Ratio10.75
P/E GrowthN/A

Sales & Book Value

Annual Sales$668.96 million
Price / Sales5.03
Cash Flow$0.7819 per share
Price / Cash10.04
Book Value$6.16 per share
Price / Book1.27

Profitability

EPS (Most Recent Fiscal Year)$0.85
Net Income$77.14 million
Net Margins20.95%
Return on Equity4.27%
Return on Assets2.00%

Miscellaneous

Employees87
Outstanding Shares428,480,000
Market Cap$3.36 billion
OptionableOptionable

Spirit Realty Capital (NYSE:SRC) Frequently Asked Questions

What is Spirit Realty Capital's stock symbol?

Spirit Realty Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRC."

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 Friday, August 31st. Stockholders of record on Friday, September 28th will be paid a dividend of $0.125 per share on Monday, October 15th. This represents a $0.50 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Thursday, September 27th. View Spirit Realty Capital's Dividend History.

When did Spirit Realty Capital's stock split? How did Spirit Realty Capital's stock split work?

Shares of Spirit Realty Capital 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 will be adjusted after the closing bell on Wednesday, December 12th 2018. An investor that had 100 shares of Spirit Realty Capital stock prior to the reverse split would have 20 shares after the split.

How will Spirit Realty Capital's stock buyback program work?

Spirit Realty Capital declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 16th 2017, which allows the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital Inc (NYSE:SRC) posted its earnings results on Monday, November, 5th. The real estate investment trust reported $0.06 EPS for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.01. The real estate investment trust earned $109.64 million during the quarter, compared to analysts' expectations of $101.43 million. Spirit Realty Capital had a return on equity of 4.27% and a net margin of 20.95%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. View Spirit Realty Capital's Earnings History.

When is Spirit Realty Capital's next earnings date?

Spirit Realty Capital is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Spirit Realty Capital.

What guidance has Spirit Realty Capital issued on next quarter's earnings?

Spirit Realty Capital issued an update on its FY18 earnings guidance on Monday, November, 5th. The company provided earnings per share guidance of $0.75-0.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.73. Spirit Realty Capital also updated its FY 2018 guidance to $0.75-0.76 EPS.

What price target have analysts set for SRC?

8 analysts have issued 1 year price objectives for Spirit Realty Capital's shares. Their forecasts range from $8.00 to $9.50. On average, they anticipate Spirit Realty Capital's share price to reach $8.55 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price. View Analyst Price Targets for Spirit Realty Capital.

What is the consensus analysts' recommendation for Spirit Realty Capital?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Spirit Realty Capital.

Has Spirit Realty Capital been receiving favorable news coverage?

Media coverage about SRC stock has been trending positive recently, InfoTrie reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Spirit Realty Capital earned a coverage optimism score of 2.9 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.

Are investors shorting Spirit Realty Capital?

Spirit Realty Capital saw a decrease in short interest in October. As of October 31st, there was short interest totalling 5,208,682 shares, a decrease of 40.0% from the October 15th total of 8,686,612 shares. Based on an average trading volume of 5,344,187 shares, the short-interest ratio is presently 1.0 days. Approximately 1.2% of the company's shares are short sold. View Spirit Realty Capital's Current Options Chain.

Who are some of Spirit Realty Capital's key competitors?

Who are Spirit Realty Capital's key executives?

Spirit Realty Capital's management team includes the folowing people:
  • Mr. Jackson Hsieh, Pres, CEO & Director (Age 58)
  • Mr. Jay A. Young, Exec. VP, Gen. Counsel & Sec. (Age 48)
  • Mr. Michael C. Hughes, Exec. VP & CFO (Age 43)
  • Mr. Prakash J. Parag, Sr. VP & Chief Accounting Officer (Age 43)
  • Mr. Daniel Rosenberg, Sr. VP & Head of Acquisitions (Age 40)

Who are Spirit Realty Capital's major shareholders?

Spirit Realty Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (13.47%), Scopia Capital Management LP (4.36%), Dimensional Fund Advisors LP (1.77%), Prudential Financial Inc. (1.75%), Renaissance Technologies LLC (1.72%) and LSV Asset Management (1.65%). Company insiders that own Spirit Realty Capital stock include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, Phillip D Joseph Jr, Richard I Gilchrist, Sheli Z Rosenberg, Thomas H Nolan Jr, Thomas D Senkbeil and Todd A Dunn. View Institutional Ownership Trends for Spirit Realty Capital.

Which major investors are selling Spirit Realty Capital stock?

SRC stock was sold by a variety of institutional investors in the last quarter, including Scopia Capital Management LP, Teachers Advisors LLC, V3 Capital Management L.P., TIAA CREF Investment Management LLC, Renaissance Technologies LLC, Man Group plc, Tricadia Capital Management LLC and GSA Capital Partners LLP. View Insider Buying and Selling for Spirit Realty Capital.

Which major investors are buying Spirit Realty Capital stock?

SRC stock was bought by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Cohen & Steers Inc., NN Investment Partners Holdings N.V., Copper Rock Capital Partners LLC, FMR LLC, Mirae Asset Global Investments Co. Ltd., Mackenzie Financial Corp and First Quadrant L P CA. Company insiders that have bought Spirit Realty Capital stock in the last two years include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, Phillip D Joseph Jr, Richard I Gilchrist, Sheli Z Rosenberg, Thomas D Senkbeil and Todd A Dunn. View Insider Buying and Selling for Spirit Realty Capital.

How do I buy shares of Spirit Realty Capital?

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

What is Spirit Realty Capital's stock price today?

One share of SRC stock can currently be purchased for approximately $7.85.

How big of a company is Spirit Realty Capital?

Spirit Realty Capital has a market capitalization of $3.36 billion and generates $668.96 million in revenue each year. The real estate investment trust earns $77.14 million in net income (profit) each year or $0.85 on an earnings per share basis. Spirit Realty Capital employs 87 workers across the globe.

What is Spirit Realty Capital's official website?

The official website for Spirit Realty Capital is http://www.spiritrealty.com.

How can I contact Spirit Realty Capital?

Spirit Realty Capital's mailing address is 2727 NORTH HARWOOD STREET SUITE 300, DALLAS TX, 75201. The real estate investment trust can be reached via phone at 972-476-1900 or via email at [email protected]


MarketBeat Community Rating for Spirit Realty Capital (NYSE SRC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  283 (Vote Outperform)
Underperform Votes:  323 (Vote Underperform)
Total Votes:  606
MarketBeat's community ratings are surveys of what our community members think about Spirit Realty Capital and other stocks. Vote "Outperform" if you believe SRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel