NYSE:SRC - Spirit Realty Capital Stock Price, Price Target & More

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$8.24 -0.07 (-0.84 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$8.31
Today's Range$8.21 - $8.32
52-Week Range$7.22 - $8.84
Volume7.67 million shs
Average Volume6.26 million shs
Market Capitalization$3.54 billion
P/E Ratio9.68
Dividend Yield8.71%
Beta0.48
Spirit Realty Capital logoSpirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease real estate investment trust (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 and office properties providing superior risk adjusted returns and steady dividend growth for our stockholders. As of March 31, 2018, our diversified portfolio was comprised of 2,446 properties, including properties securing mortgage loans made by the Company. Our properties, with an aggregate gross leasable area of approximately 48.3 million square feet, are leased to approximately 417 tenants across 49 states and 32 industries. More information about Spirit Realty Capital can be found on the investor relations page of the Company's website at www.spiritrealty.com.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.25
Current Ratio0.86
Quick Ratio0.86

Price-To-Earnings

Trailing P/E Ratio9.68
Forward P/E Ratio11.94
P/E GrowthN/A

Sales & Book Value

Annual Sales$668.96 million
Price / Sales5.28
Cash Flow$0.7796 per share
Price / Cash10.57
Book Value$6.92 per share
Price / Book1.19

Profitability

EPS (Most Recent Fiscal Year)$0.85
Net Income$77.14 million
Net Margins14.21%
Return on Equity3.53%
Return on Assets1.53%

Miscellaneous

Employees87
Outstanding Shares428,550,000

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 Tuesday, June 5th. Shareholders of record on Friday, June 29th will be given a dividend of $0.18 per share on Friday, July 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.74%. The ex-dividend date of this dividend is Thursday, June 28th. View Spirit Realty Capital's Dividend History.

How will Spirit Realty Capital's stock buyback program work?

Spirit Realty Capital declared that its board has authorized a stock buyback plan on Wednesday, August 16th 2017, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital Inc (NYSE:SRC) released its quarterly earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.06. The real estate investment trust earned $165.30 million during the quarter, compared to the consensus estimate of $165.12 million. Spirit Realty Capital had a return on equity of 3.53% and a net margin of 14.21%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. 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 Wednesday, August, 1st 2018. View Earnings Estimates for Spirit Realty Capital.

What price target have analysts set for SRC?

13 Wall Street analysts have issued 1 year price objectives for Spirit Realty Capital's shares. Their forecasts range from $8.00 to $11.00. On average, they anticipate Spirit Realty Capital's share price to reach $9.0278 in the next twelve months. View Analyst Ratings for Spirit Realty Capital.

Are investors shorting Spirit Realty Capital?

Spirit Realty Capital saw a drop in short interest during the month of May. As of May 15th, there was short interest totalling 6,802,821 shares, a drop of 40.6% from the April 30th total of 11,452,463 shares. Based on an average daily volume of 7,213,047 shares, the short-interest ratio is presently 0.9 days. Approximately 1.6% of the shares of the 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 57)
  • 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 of Acquisitions (Age 40)

Has Spirit Realty Capital been receiving favorable news coverage?

News coverage about SRC stock has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spirit Realty Capital earned a media sentiment score of 0.16 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 46.75 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are Spirit Realty Capital's major shareholders?

Spirit Realty Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Scopia Capital Management LP (6.91%), Principal Financial Group Inc. (3.57%), Principal Financial Group Inc. (3.57%), Long Pond Capital LP (3.14%), Prudential Financial Inc. (2.84%) and V3 Capital Management L.P. (2.43%). Company insiders that own Spirit Realty Capital stock include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, 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 institutional investors are selling Spirit Realty Capital stock?

SRC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Long Pond Capital LP, Prudential Financial Inc., Guggenheim Capital LLC, A.R.T. Advisors LLC, Blair William & Co. IL, BNP Paribas Arbitrage SA and Asset Management One Co. Ltd.. View Insider Buying and Selling for Spirit Realty Capital.

Which institutional investors are buying Spirit Realty Capital stock?

SRC stock was bought by a variety of institutional investors in the last quarter, including HG Vora Capital Management LLC, Scopia Capital Management LP, LSV Asset Management, Thompson Siegel & Walmsley LLC, V3 Capital Management L.P., Global X Management Co. LLC, MD Sass Investors Services Inc. and Tricadia Capital Management LLC. Company insiders that have bought Spirit Realty Capital stock in the last two years include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, 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 $8.24.

How big of a company is Spirit Realty Capital?

Spirit Realty Capital has a market capitalization of $3.54 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 $0.85 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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  248 (Vote Outperform)
Underperform Votes:  270 (Vote Underperform)
Total Votes:  518
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 6/23/2018 by MarketBeat.com Staff

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