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

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$37.08 +0.09 (+0.24 %)
(As of 01/21/2019 09:06 AM ET)
Previous Close$36.99
Today's Range$36.7150 - $37.3250
52-Week Range$33.86 - $44.20
Volume1.02 million shs
Average Volume927,804 shs
Market Capitalization$3.18 billion
P/E Ratio8.72
Dividend Yield6.74%
Beta0.36
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. As of September 30, 2018, our diversified portfolio was comprised of 1,523 properties, including properties securing mortgage loans made by the Company. Our properties, with an aggregate gross leasable area of approximately 28.7 million square feet, are leased to approximately 252 tenants across 49 states and 32 industries.

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Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryDiversified REITs
SectorFinance
CUSIP84860F10
Phone972-476-1900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$668.96 million
Cash Flow$3.9114 per share
Book Value$34.58 per share

Profitability

Net Income$77.14 million

Miscellaneous

Employees87
Market Cap$3.18 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 announced a quarterly dividend on Wednesday, December 5th. Investors of record on Monday, December 31st will be given a dividend of $0.125 per share on Tuesday, January 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, December 28th. View Spirit Realty Capital's Dividend History.

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

Spirit Realty Capital shares 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 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 has approved a stock repurchase plan on Wednesday, August 16th 2017, which permits the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital Inc (NYSE:SRC) released its quarterly earnings results on Monday, November, 5th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.05. The real estate investment trust had revenue of $109.64 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. 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 updated 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 EPS 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 brokerages have issued 12 month price targets for Spirit Realty Capital's shares. Their forecasts range from $40.00 to $41.25. On average, they expect Spirit Realty Capital's share price to reach $40.4167 in the next year. This suggests a possible upside of 9.0% 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 2 sell ratings, 4 hold ratings and 2 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 stories about SRC stock have been trending positive this week, InfoTrie reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Spirit Realty Capital earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.

Are investors shorting Spirit Realty Capital?

Spirit Realty Capital saw a decline in short interest in the month of December. As of December 14th, there was short interest totalling 1,557,356 shares, a decline of 76.6% from the November 30th total of 6,644,302 shares. Based on an average trading volume of 2,371,388 shares, the short-interest ratio is presently 0.7 days. Currently, 1.8% of the company's stock 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 number of of institutional and retail investors. Top institutional investors include Copper Rock Capital Partners LLC (0.62%), Pensionfund DSM Netherlands (0.05%), State of Alaska Department of Revenue (0.04%), Boston Advisors LLC (0.04%), Pensionfund Sabic (0.02%) and Nisa Investment Advisors LLC (0.02%). Company insiders that own Spirit Realty Capital stock include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, Michael C Hughes, Phillip D Joseph Jr, Richard I Gilchrist, Sheli Z Rosenberg, Thomas D Senkbeil and Todd A Dunn. View Institutional Ownership Trends for Spirit Realty Capital.

Which institutional investors are selling Spirit Realty Capital stock?

SRC stock was sold by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Boston Advisors LLC, Pensionfund DSM Netherlands, State of Alaska Department of Revenue, Pensionfund Sabic, Nisa Investment Advisors LLC, Spirit of America Management Corp NY and QCI Asset Management Inc. NY. 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 $37.08.

How big of a company is Spirit Realty Capital?

Spirit Realty Capital has a market capitalization of $3.18 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 $4.25 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:  290 (Vote Outperform)
Underperform Votes:  333 (Vote Underperform)
Total Votes:  623
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 1/21/2019 by MarketBeat.com Staff

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