Spirit Realty Capital - SRC Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research 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.
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9 Wall Street research analysts have issued 1-year price targets for Spirit Realty Capital's stock. Their SRC share price forecasts range from $37.00 to $54.00. On average, they predict the company's stock price to reach $43.78 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
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Spirit Realty Capital's stock was trading at $39.93 at the beginning of the year. Since then, SRC stock has increased by 7.0% and is now trading at $42.74.
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Spirit Realty Capital saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,050,000 shares, an increase of 17.1% from the December 31st total of 1,750,000 shares. Based on an average trading volume of 686,900 shares, the days-to-cover ratio is presently 3.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our SRC earnings forecast.

Spirit Realty Capital will be holding an earnings conference call on Tuesday, February 28th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "10175291".

Spirit Realty Capital, Inc. (NYSE:SRC) posted its quarterly earnings results on Tuesday, November, 8th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.32. The real estate investment trust had revenue of $180.30 million for the quarter, compared to the consensus estimate of $179.54 million. Spirit Realty Capital had a net margin of 37.70% and a trailing twelve-month return on equity of 6.16%.

Spirit Realty Capital announced a quarterly dividend on Friday, November 4th. Investors of record on Friday, December 30th will be given a dividend of $0.663 per share on Friday, January 13th. This represents a $2.65 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for SRC.

Spirit Realty Capital (NYSE:SRC) pays an annual dividend of $2.65 per share and currently has a dividend yield of 6.18%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 139.47%. 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 75.71% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SRC.

Shares of Spirit Realty Capital 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 stock prior to the reverse split would have 20 shares after the split.

Spirit Realty Capital issued an update on its FY 2022 earnings guidance on Thursday, December, 8th. The company provided EPS guidance of $3.55-$3.57 for the period. The company issued revenue guidance of -.

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).

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

Spirit Realty Capital's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bernzott Capital Advisors (0.30%), Strs Ohio (0.23%), Sumitomo Mitsui Trust Holdings Inc. (0.15%), Sound Income Strategies LLC (0.12%), New York State Common Retirement Fund (0.10%) and New York State Teachers Retirement System (0.07%). Insiders that own company stock include Jackson Hsieh, Jay Young, Michelle M Frymire and Richard I Gilchrist.
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Shares of SRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SRC stock can currently be purchased for approximately $42.74.

Spirit Realty Capital (NYSE:SRC) has a market capitalization of $5.97 billion and generates $608.39 million in revenue each year. The real estate investment trust earns $171.70 million in net income (profit) each year or $1.90 on an earnings per share basis.

Spirit Realty Capital's mailing address is 2727 NORTH HARWOOD STREET SUITE 300, DALLAS TX, 75201. The official website for the company is www.spiritrealty.com. The real estate investment trust can be reached via phone at (866) 557-7474, via email at investorrelations@spiritrealty.com, or via fax at 800-973-0850.