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NYSE:SRCSpirit Realty Capital Stock Price, Forecast & News

$28.43
-1.32 (-4.44 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$28.06
Now: $28.43
$29.48
50-Day Range
$24.70
MA: $28.09
$31.10
52-Week Range
$18.37
Now: $28.43
$54.63
Volume1.49 million shs
Average Volume818,348 shs
Market Capitalization$2.93 billion
P/E Ratio23.69
Dividend Yield8.40%
Beta1.12
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 December 31, 2018, our diversified portfolio was comprised of 1,514 properties, including properties securing mortgage loans made by the Company. Our properties, with an aggregate gross leasable area of approximately 28.6 million square feet, are leased to 252 tenants across 49 states and 32 industries.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.65 out of 5 stars


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$516.43 million
Cash Flow$3.50 per share
Book Value$30.92 per share

Profitability

Net Income$175.27 million

Miscellaneous

Employees89
Market Cap$2.93 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Spirit Realty Capital (NYSE:SRC) Frequently Asked Questions

How has Spirit Realty Capital's stock been impacted by COVID-19 (Coronavirus)?

Spirit Realty Capital's stock was trading at $40.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SRC stock has decreased by 29.8% and is now trading at $28.43. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Spirit Realty Capital?

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

When is Spirit Realty Capital's next earnings date?

Spirit Realty Capital is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Spirit Realty Capital.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital Inc (NYSE:SRC) posted its quarterly earnings data on Tuesday, May, 5th. The real estate investment trust reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by $0.93. The real estate investment trust had revenue of $121.36 million for the quarter, compared to analyst estimates of $122.40 million. Spirit Realty Capital had a return on equity of 3.75% and a net margin of 22.00%. During the same quarter in the prior year, the firm posted $0.86 earnings per share. View Spirit Realty Capital's earnings history.

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, May 29th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.625 per share on Wednesday, July 15th. This represents a $2.50 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date is Monday, June 29th. 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's stock reverse split on 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 Spirit Realty Capital stock prior to the reverse split would have 20 shares after the split.

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

Spirit Realty Capital issued an update on its first quarter earnings guidance on Monday, April, 13th. The company provided earnings per share (EPS) guidance of $0.77-0.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.74.

What price target have analysts set for SRC?

7 equities research analysts have issued twelve-month price targets for Spirit Realty Capital's stock. Their forecasts range from $31.00 to $56.00. On average, they anticipate Spirit Realty Capital's share price to reach $45.33 in the next twelve months. This suggests a possible upside of 59.5% from the stock's current price. View analysts' price targets for Spirit Realty Capital.

Has Spirit Realty Capital been receiving favorable news coverage?

News stories about SRC stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by reviewing 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 daily sentiment score of -3.5 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutSpirit Realty Capital.

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

What other stocks do shareholders of Spirit Realty Capital own?

Who are Spirit Realty Capital's key executives?

Spirit Realty Capital's management team includes the following people:
  • Mr. Jackson Hsieh, Pres, CEO & Director (Age 58)
  • Mr. Michael C. Hughes, Exec. VP & CFO (Age 44)
  • Mr. Jay A. Young, Exec. VP, Gen. Counsel & Sec. (Age 49)
  • Mr. Kenneth Heimlich, Exec. VP & Head of Asset Management (Age 53)
  • Mr. Prakash J. Parag, Sr. VP & Chief Accounting Officer (Age 44)

What is Spirit Realty Capital's stock symbol?

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

Who are Spirit Realty Capital's major shareholders?

Spirit Realty Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (3.70%), Massachusetts Financial Services Co. MA (2.81%), Cbre Clarion Securities LLC (1.30%), Janus Henderson Group PLC (1.14%), Geode Capital Management LLC (1.13%) and Robeco Institutional Asset Management B.V. (1.02%). Company insiders that own Spirit Realty Capital stock include Jackson Hsieh, Jay Young, Kenneth Heimlich and Michael C Hughes. 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 Wells Fargo & Company MN, Geode Capital Management LLC, Mackenzie Financial Corp, UBS Group AG, Two Sigma Investments LP, WINTON GROUP Ltd, Principal Financial Group Inc., and Parametric Portfolio Associates LLC. View insider buying and selling activity 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, Massachusetts Financial Services Co. MA, State Street Corp, Janus Henderson Group PLC, Timbercreek Investment Management Inc., Virginia Retirement Systems ET AL, Two Sigma Advisers LP, and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have bought Spirit Realty Capital stock in the last two years include Jackson Hsieh, Jay Young, Kenneth Heimlich, and Michael C Hughes. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Spirit Realty Capital's stock price today?

One share of SRC stock can currently be purchased for approximately $28.43.

How big of a company is Spirit Realty Capital?

Spirit Realty Capital has a market capitalization of $2.93 billion and generates $516.43 million in revenue each year. The real estate investment trust earns $175.27 million in net income (profit) each year or $3.34 on an earnings per share basis. Spirit Realty Capital employs 89 workers across the globe.

What is Spirit Realty Capital's official website?

The official website for Spirit Realty Capital is 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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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