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

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.
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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.

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.
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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.

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

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%.

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.

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.

ETFs with the largest weight of Spirit Realty Capital (NYSE:SRC) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), NETLease Corporate Real Estate ETF (NETL), Global X SuperDividend REIT ETF (SRET), iShares Focused Value Factor ETF (FOVL), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Fidelity Real Estate Investment ETF (FPRO) and Hoya Capital High Dividend Yield ETF (RIET).

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.

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 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.
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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.
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