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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
$41.91

Spirit Realty Capital MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.9% Downside
$41.91 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.17
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.

0.79 out of 5 stars

Finance Sector

797th out of 868 stocks

Nonresidential Building Operators Industry

3rd 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 News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Spirit Realty Capital (NYSE:SRC) Now Covered by StockNews.com
SRC Mar 2024 40.000 put
Realty Income Balloons With Spirit Realty Takeover
Rare Earth Elements: The Workhorse of The Tech Revolution
They're the most underrated yet crucial elements of technology. From renewable energy to military defense, Rare Earths are essential pieces of modern technology. Global superpowers and savvy investors are quickly learning just how valuable they truly are.
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
Ex-Dividend for 1/12 Dividend
12/27/2023
Dividend Payable
1/12/2024
Today
3/01/2024
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
$41.91
High Stock Price Target
$46.00
Low Stock Price Target
$33.00
Potential Upside/Downside
-0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 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?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last year. There are currently 2 sell ratings, 6 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?

10 brokerages have issued 1 year price targets for Spirit Realty Capital's stock. Their SRC share price targets range from $33.00 to $46.00. On average, they anticipate the company's stock price to reach $41.91 in the next twelve months. This suggests that the stock has a possible downside of 0.9%.
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) posted its quarterly earnings data on Monday, August, 7th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate 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 trailing twelve-month return on equity of 5.83% and a net margin of 33.98%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS.

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. 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 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Wednesday, December 27th. This is a boost 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.

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 shareholders include Vanguard Group Inc. (14.01%), Cohen & Steers Inc. (9.36%), Cbre Investment Management Listed Real Assets LLC (1.90%), Westchester Capital Management LLC (1.86%), Charles Schwab Investment Management Inc. (1.60%) and Dimensional Fund Advisors LP (1.46%). 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 3/1/2024 by MarketBeat.com Staff