About Spirit Realty Capital (NYSE:SRC)
Spirit Realty Capital, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries. Single-tenant, operationally essential real estate consists of properties that are generally free-standing, commercial real estate facilities where its tenants conduct retail, service or distribution activities. as of December 31, 2012, the Company's portfolio of 1,122 owned properties were leased to approximately 165 tenants.
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio49.9406212888306
Forward P/E Ratio9.74
Sales & Book Value
Annual Sales$668.96 million
Price / Sales5.36
Cash Flow$0.78 per share
Price / Cash10.23
Book Value$6.92 per share
Price / Book1.15
Net Income$77.14 million
Return on Equity2.84%
Return on Assets1.27%
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 Tuesday, March 6th. Stockholders of record on Friday, March 30th will be given a dividend of $0.18 per share on Friday, April 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date is Wednesday, March 28th. View Spirit Realty Capital's Dividend History.
How will Spirit Realty Capital's stock buyback program work?
Spirit Realty Capital announced that its Board of Directors has initiated a share buyback plan on Wednesday, August 16th 2017, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.
How were Spirit Realty Capital's earnings last quarter?
Spirit Realty Capital, Inc (NYSE:SRC) issued its quarterly earnings results on Thursday, February, 22nd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.15. The real estate investment trust earned $165.35 million during the quarter, compared to the consensus estimate of $166.69 million. Spirit Realty Capital had a return on equity of 2.84% and a net margin of 11.53%. Spirit Realty Capital's revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. View Spirit Realty Capital's Earnings History.
When will Spirit Realty Capital make its next earnings announcement?
Where is Spirit Realty Capital's stock going? Where will Spirit Realty Capital's stock price be in 2018?
14 equities research analysts have issued twelve-month price objectives for Spirit Realty Capital's shares. Their predictions range from $8.25 to $13.00. On average, they expect Spirit Realty Capital's stock price to reach $9.48 in the next twelve months. View Analyst Ratings for Spirit Realty Capital.
Who are some of Spirit Realty Capital's key competitors?
Some companies that are related to Spirit Realty Capital include Kilroy Realty (KRC), Invitation Homes (INVH), Vereit (VER), W.P. Carey Inc. REIT (WPC), Douglas Emmett (DEI), Lamar Advertising (LAMR), Apartment Investment and Management (AIV), Kimco Realty (KIM), Howard Hughes (HHC), National Retail Properties (NNN), Liberty Property Trust (LPT), Park Hotels & Resorts (PK), New Residential Investment (NRZ), American Homes 4 Rent (AMH), Starwood Property Trust (STWD), Omega Healthcare Investors (OHI), DCT Industrial Trust (DCT) and Healthcare Trust Of America (HTA).
Has Spirit Realty Capital been receiving favorable news coverage?
Media coverage about SRC stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spirit Realty Capital earned a daily sentiment score of 0.13 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 46.25 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Spirit Realty Capital's major shareholders?
Spirit Realty Capital's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Long Pond Capital LP (3.28%), Cbre Clarion Securities LLC (2.19%), V3 Capital Management L.P. (2.01%), Renaissance Technologies LLC (1.35%), Two Sigma Investments LP (1.07%) and Teachers Advisors LLC (1.03%). Company insiders that own Spirit Realty Capital stock include Boyd Messmann, Jackson Hsieh, Phillip D Joseph Jr, Richard I Gilchrist, Sheli Z Rosenberg, Thomas H Nolan Jr, Thomas D Senkbeil, Thomas H Nolan Jr 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 Gruss Capital Management LP, Renaissance Technologies LLC, American Century Companies Inc., Teacher Retirement System of Texas, Highland Capital Management LP, Goldentree Asset Management LP, V3 Capital Management L.P. and Geode Capital Management LLC. View Insider Buying and Selling for Spirit Realty Capital.
Which major investors are buying Spirit Realty Capital stock?
SRC stock was purchased by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, MD Sass Investors Services Inc., Two Sigma Investments LP, LSV Asset Management, Caisse DE Depot ET Placement DU Quebec, Martingale Asset Management L P, Cornerstone Capital Management Holdings LLC. and Teachers Advisors LLC. Company insiders that have bought Spirit Realty Capital stock in the last two years include Boyd Messmann, Jackson Hsieh, 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 $7.99.
How big of a company is Spirit Realty Capital?
Spirit Realty Capital has a market capitalization of $3.59 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 $0.16 on an earnings per share basis. Spirit Realty Capital employs 87 workers across the globe.
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 (SRC)MarketBeat's community ratings are surveys of what our community members think about Spirit Realty Capital and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Spirit Realty Capital (NYSE:SRC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.36||2.43||2.29||2.33|
|Ratings Breakdown: ||0 Sell Rating(s)|
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
8 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$9.48||$9.55||$9.51||$10.02|
|Price Target Upside: ||18.61% upside||21.14% upside||10.37% upside||19.25% upside|
Spirit Realty Capital (NYSE:SRC) Consensus Price Target History
Spirit Realty Capital (NYSE:SRC) Analyst Ratings History
(Data available from 3/19/2016 forward)
Spirit Realty Capital (NYSE:SRC) Earnings History and Estimates Chart
Spirit Realty Capital (NYSE SRC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/22/2018||Q4 2017||$0.22||$0.07||$166.69 million||$165.35 million||View||N/A|
|11/2/2017||Q3 2017||$0.20||$0.02||$162.28 million||$164.49 million||View||N/A|
|8/3/2017||Q2 2017||$0.20||$0.21||$163.19 million||$168.65 million||View||Listen|
|5/3/2017||Q1 2017||$0.22||$0.20||$169.84 million||$163.19 million||View||Listen|
|2/22/2017||Q416||$0.08||$0.21||$162.91 million||$173.40 million||View||N/A|
|11/2/2016||Q3 2016||$0.21||$0.06||$168.91 million||$165.23 million||View||N/A|
|8/3/2016||Q2||$0.21||$0.22||$164.29 million||$171.70 million||View||N/A|
|5/4/2016||Q1||$0.21||$0.22||$162.51 million||$168.40 million||View||N/A|
|2/24/2016||Q415||$0.22||$0.19||$162.45 million||$160.80 million||View||Listen|
|11/5/2015||Q315||$0.21||$0.21||$162.89 million||$168.43 million||View||N/A|
|8/6/2015||Q215||$0.20||$0.22||$161.23 million||$167.90 million||View||N/A|
|5/7/2015||Q214||$0.20||$0.21||$155.20 million||$162.28 million||View||N/A|
|2/26/2015||Q114||$0.21||$0.20||$152.18 million||$154.00 million||View||N/A|
|11/3/2014||Q413||$0.21||$0.21||$147.70 million||$152.30 million||View||Listen|
|8/5/2014||Q2||$0.20||$0.20||$144.16 million||$151.80 million||View||Listen|
|5/8/2014||Q1 2014||$0.20||$0.03||$143.97 million||View||N/A|
|2/27/2014||Q4 2013||$0.20||$0.02||$141.36 million||$139.24 million||View||N/A|
|11/11/2013||Q3||$0.10||$0.19||$127.60 million||$137.10 million||View||Listen|
|8/8/2013||Q2 2013||$0.19||$0.25||$72.54 million||$72.80 million||View||Listen|
|5/8/2013||Q113||$0.36||$0.43||$71.27 million||$72.81 million||View||Listen|
|11/7/2012||Q312||$0.60||$69.30 million||$70.70 million||View||N/A|
Spirit Realty Capital (NYSE:SRC) Earnings Estimates
2018 EPS Consensus Estimate: $0.85
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Spirit Realty Capital (NYSE:SRC) Dividend Information
|Dividend Growth:||2.70% (3 Year Average)|
|Payout Ratio:||450.03% (Trailing 12 Months of Earnings) |
87.80% (Based on This Year's Estimates)
88.89% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Spirit Realty Capital (NYSE:SRC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Spirit Realty Capital (NYSE SRC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.50%
Institutional Ownership Percentage: 91.81%
Spirit Realty Capital (NYSE SRC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/15/2018||Richard I Gilchrist||Director||Buy||7,500||$8.00||$60,000.00||67,929|| |
|3/6/2018||Thomas D Senkbeil||Director||Buy||25,200||$7.93||$199,836.00||67,052|| |
|8/11/2017||Sheli Z Rosenberg||Director||Buy||1,000||$8.27||$8,270.00||54,280|| |
|8/10/2017||Todd A Dunn||Director||Buy||14,000||$8.49||$118,860.00||64,560|| |
|8/8/2017||Phillip D Joseph Jr||CFO||Buy||6,061||$8.25||$50,003.25||138,504|| |
|8/7/2017||Phillip D Joseph Jr||CFO||Buy||3,636||$8.25||$29,997.00||138,504|| |
|6/5/2017||Jackson Hsieh||Insider||Buy||13,400||$7.45||$99,830.00||559,453|| |
|6/2/2017||Phillip D Joseph Jr||CFO||Buy||6,700||$7.47||$50,049.00||134,868|| |
|5/24/2017||Boyd Messmann||EVP||Buy||10,000||$7.19||$71,900.00||73,656|| |
|5/24/2017||Jackson Hsieh||Insider||Buy||13,700||$7.27||$99,599.00||546,053|| |
|12/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$10.44||$156,600.00||843,186|| |
|11/15/2016||Jackson Hsieh||Insider||Buy||9,500||$10.62||$100,890.00||430,970|| |
|11/10/2016||Phillip D Joseph Jr||CFO||Buy||2,516||$10.75||$27,047.00||90,378|| |
|9/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$13.23||$198,450.00||858,186|| |
|6/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$11.48||$172,200.00||873,186|| |
|2/1/2016||Thomas H Nolan Jr||CEO||Sell||12,500||$10.50||$131,250.00||762,288|| |
|1/28/2016||Michael Bender||insider||Sell||28,683||$10.18||$291,992.94||392,381|| |
|12/17/2015||Michael Bender||Insider||Sell||26,686||$10.14||$270,596.04||306,097|| |
|9/16/2015||Gregg A Seibert||EVP||Buy||4,300||$9.26||$39,818.00||187,738|| |
|9/1/2015||Phillip D Joseph Jr||CFO||Buy||3,553||$9.40||$33,398.20||45,926|| |
|5/1/2015||Thomas H Nolan Jr||CEO||Sell||12,500||$11.35||$141,875.00|| |
|4/1/2015||Thomas H Nolan Jr||CEO||Sell||12,500||$12.12||$151,500.00|| |
|12/22/2014||Christopher James Berlet||Insider||Sell||40,000||$0.21||$8,200.00|
|5/23/2014||Kevin M Charlton||Director||Buy||4,500||$11.24||$50,580.00|| |
Spirit Realty Capital (NYSE SRC) News Headlines
|Zacks Investment Research Lowers Spirit Realty Capital (SRC) to Sell|
www.americanbankingnews.com - March 17 at 2:48 PM
|Richard I. Gilchrist Acquires 7,500 Shares of Spirit Realty Capital, Inc (SRC) Stock|
www.americanbankingnews.com - March 16 at 8:32 PM
| Brokerages Expect Spirit Realty Capital, Inc (SRC) Will Post Earnings of $0.21 Per Share|
www.americanbankingnews.com - March 13 at 1:14 AM
|Spirit MTA REIT Publicly Files Form 10 Registration Statement in Connection ...|
www.prnewswire.com - March 8 at 8:57 AM
|Insider Buying: Spirit Realty Capital, Inc (SRC) Director Purchases 25,200 Shares of Stock|
www.americanbankingnews.com - March 7 at 7:12 PM
|Spirit Realty: Special Situation REIT With 30% Return Potential|
seekingalpha.com - March 7 at 5:57 PM
|Spirit Realty Capital, Inc (SRC) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - March 7 at 3:45 PM
|Spirit Realty Capital, Inc (SRC) Plans $0.18 Quarterly Dividend|
www.americanbankingnews.com - March 6 at 5:52 PM
|Spirit Realty Capital (SRC) Declares $0.18 Quarterly Dividend; 9.1% Yield|
www.streetinsider.com - March 6 at 5:18 PM
|Spirit MTA REIT Publicly Files Form 10 Registration Statement in Connection with Planned Spin-off from Spirit Realty Capital|
finance.yahoo.com - March 6 at 5:18 PM
|2,761,375 Shares in Spirit Realty Capital, Inc (SRC) Acquired by MD Sass Investors Services Inc.|
www.americanbankingnews.com - March 6 at 2:53 PM
|Spirit Realty Capital, Inc (SRC) is Long Pond Capital LP's 10th Largest Position|
www.americanbankingnews.com - March 5 at 1:08 PM
|Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock|
www.prnewswire.com - March 5 at 9:52 AM
|Gruss Capital Management LP Sells 3,135,000 Shares of Spirit Realty Capital, Inc (SRC)|
www.americanbankingnews.com - March 4 at 2:54 PM
|Spirit Realty Capital, Inc (SRC) Holdings Increased by California Public Employees Retirement System|
www.americanbankingnews.com - March 2 at 5:21 AM
|Spirit Realty Capital, Inc (SRC) Shares Sold by Teacher Retirement System of Texas|
www.americanbankingnews.com - February 28 at 5:08 PM
|Spirit Realty Capital (SRC) Downgraded by Bank of America to Neutral|
www.americanbankingnews.com - February 26 at 8:14 PM
|Cbre Clarion Securities LLC Has $85.74 Million Holdings in Spirit Realty Capital, Inc (SRC)|
www.americanbankingnews.com - February 26 at 1:02 PM
|Martingale Asset Management L P Purchases New Position in Spirit Realty Capital, Inc (SRC)|
www.americanbankingnews.com - February 25 at 2:10 PM
|Spirit Realty Capital, Inc (SRC) Shares Sold by Swiss National Bank|
www.americanbankingnews.com - February 25 at 6:40 AM
| Brokerages Expect Spirit Realty Capital, Inc (SRC) Will Post Earnings of $0.22 Per Share|
www.americanbankingnews.com - February 24 at 3:24 AM
|Spirit Realty Capital (SRC) Stock Rating Reaffirmed by B. Riley|
www.americanbankingnews.com - February 22 at 7:24 PM
|Spirit Realty Capital, Inc. to Host Earnings Call|
finance.yahoo.com - February 22 at 5:17 PM
|Spirit Realty Capital (SRC) Issues Quarterly Earnings Results|
www.americanbankingnews.com - February 22 at 11:12 AM
|Spirit Realty Capital FFO in-line, beats on revenue|
seekingalpha.com - February 22 at 8:47 AM
|Spirit Realty Capital, Inc. Announces Fourth Quarter and Full Year 2017 Financial and Operating Results|
www.prnewswire.com - February 22 at 6:57 AM
|Spirit Realty Capital, Inc. Announces Executive Transitions|
www.prnewswire.com - February 22 at 6:57 AM
|Spirit Realty: This 9.5% Yield Is A Very Strong Buy|
seekingalpha.com - February 17 at 8:34 AM
|Spirit Realty Capital (SRC) Set to Announce Earnings on Tuesday|
www.americanbankingnews.com - February 13 at 3:32 AM
|Spirit Realty Capital, Inc (SRC) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - February 10 at 3:28 PM
|$163.72 Million in Sales Expected for Spirit Realty Capital, Inc (SRC) This Quarter|
www.americanbankingnews.com - February 9 at 11:35 AM
|Zacks: Analysts Anticipate Spirit Realty Capital, Inc (SRC) to Post $0.22 EPS|
www.americanbankingnews.com - February 7 at 1:10 AM
|Spirit Realty Capital (SRC) Given New $8.25 Price Target at Morgan Stanley|
www.americanbankingnews.com - February 5 at 11:06 AM
|ValuEngine Lowers Spirit Realty Capital (SRC) to Hold|
www.americanbankingnews.com - February 4 at 12:48 PM
|SRC Makes Notable Cross Below Critical Moving Average|
www.nasdaq.com - January 29 at 4:01 PM
|Spirit Realty Capital, Inc. Schedules Fourth Quarter 2017 Earnings Release and ...|
www.prnewswire.com - January 26 at 9:45 AM
|Spirit Realty Capital, Inc. Schedules Fourth Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - January 26 at 9:45 AM
|Spirit Realty Capital (SRC) Provides Update on Previously Announced Spin-off|
www.streetinsider.com - January 25 at 4:01 PM
|Spirit Realty Capital (SRC) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - January 25 at 11:44 AM
|Spirit Realty Capital (SRC) Upgraded by Capital One Financial to Equal Weight|
www.americanbankingnews.com - January 24 at 9:54 AM
|Spirit Realty Capital, Inc. To Provide Update on Path Forward|
finance.yahoo.com - January 23 at 9:30 AM
|Spirit Realty Capital, Inc (SRC) Expected to Post Earnings of $0.22 Per Share|
www.americanbankingnews.com - January 21 at 5:24 AM
|Spirit Realty Capital (SRC)|
seekingalpha.com - January 17 at 11:18 AM
|Spirit Realty Capital, Inc (SRC) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - January 16 at 3:10 PM
|Newman University partners with Spirit to offer on-site MBA program|
www.bizjournals.com - January 11 at 11:59 AM
|SRC Breaks Above 9% Yield Territory|
www.nasdaq.com - January 11 at 11:59 AM
|Zacks: Analysts Anticipate Spirit Realty Capital, Inc (SRC) Will Post Quarterly Sales of $163.72 Million|
www.americanbankingnews.com - January 6 at 5:02 AM
|Spirit Realty Capital (SRC) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - January 5 at 7:32 PM
| Analysts Expect Spirit Realty Capital, Inc (SRC) to Announce $0.22 Earnings Per Share|
www.americanbankingnews.com - January 4 at 9:54 AM
|Spirit Realty Capital (SRC) Cut to "Hold" at ValuEngine|
www.americanbankingnews.com - January 1 at 9:58 AM
Spirit Realty Capital (NYSE:SRC) SEC Filings
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Spirit Realty Capital (NYSE:SRC) Income Statement, Balance Sheet and Cash Flow Statement
Spirit Realty Capital (NYSE SRC) Stock Chart for Monday, March, 19, 2018