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:
- Sector: Finance
- Industry: REIT - Diversified
- Sub-Industry: Diversified REITs
- Symbol: NYSE:SRC
- CUSIP: 84860F10
- Web: www.spiritrealty.com
- Market Cap: $3.79463 billion
- Outstanding Shares: 484,008,000
- 50 Day Moving Avg: $7.55
- 200 Day Moving Avg: $9.30
- 52 Week Range: $6.64 - $13.97
Sales & Book Value:
- Trailing P/E Ratio: 43.56
- Foreward P/E Ratio: 9.80
- P/E Growth: 0.94
- Annual Revenue: $667.15 million
- Price / Sales: 5.69
- Book Value: $7.46 per share
- Price / Book: 1.05
- Annual Dividend: $0.72
- Dividend Yield: 9.2%
- EBIDTA: $586.47 million
- Net Margins: 13.28%
- Return on Equity: 2.10%
- Return on Assets: 1.01%
- Debt-to-Equity Ratio: 1.01%
- Current Ratio: 0.53%
- Quick Ratio: 0.53%
- Average Volume: 17.43 million shs.
- Beta: 0.53
- Short Ratio: 1.03
Frequently Asked Questions for Spirit Realty Capital (NYSE:SRC)
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 Friday, June 16th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.18 per share on Friday, July 14th. This represents a $0.72 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date of this dividend is Wednesday, 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 of Directors has authorized a share buyback plan on Sunday, June 4th 2017, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.
How were Spirit Realty Capital's earnings last quarter?
Spirit Realty Capital, Inc. (NYSE:SRC) posted its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.02. The firm had revenue of $163.19 million for the quarter, compared to the consensus estimate of $169.84 million. Spirit Realty Capital had a return on equity of 2.10% and a net margin of 13.28%. View Spirit Realty Capital's Earnings History.
When will Spirit Realty Capital make its next earnings announcement?
What guidance has Spirit Realty Capital issued on next quarter's earnings?
Spirit Realty Capital issued an update on its FY17 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $0.80 - $0.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.89.
Where is Spirit Realty Capital's stock going? Where will Spirit Realty Capital's stock price be in 2017?
13 brokerages have issued twelve-month price targets for Spirit Realty Capital's shares. Their forecasts range from $7.50 to $15.00. On average, they anticipate Spirit Realty Capital's stock price to reach $11.44 in the next twelve months. View Analyst Ratings for Spirit Realty Capital.
Are investors shorting Spirit Realty Capital?
Spirit Realty Capital saw a increase in short interest during the month of June. As of June 15th, there was short interest totalling 19,340,250 shares, an increase of 47.6% from the May 31st total of 13,103,947 shares. Based on an average daily trading volume, of 19,047,049 shares, the short-interest ratio is currently 1.0 days. Currently, 4.0% of the company's stock are sold short.
Who are some of Spirit Realty Capital's key competitors?
Some companies that are related to Spirit Realty Capital include MarketAxess Holdings (MKTX), Mitsubishi UFJ Financial Group (MTU), W.P. Carey (WPC), Kilroy Realty Corporation (KRC), Sun Communities (SUI), Signature Bank (SBNY), American Capital Agency Corp. (AGNC), Apartment Investment and Management Company (AIV), Voya Financial (VOYA), Invitation Home (INVH), Janus Capital Group (JHG), Omega Healthcare Investors (OHI), American Campus Communities (ACC), Springleaf Holdings (LEAF), Erie Indemnity Company (ERIE), New York Community Bancorp (NYCB), Brookfield Property Partners L.P. (BPY) and Lazard (LAZ).
Who owns Spirit Realty Capital stock?
Spirit Realty Capital's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Financial & Investment Management Group Ltd. (0.17%), Aperio Group LLC (0.09%), Orinda Asset Management LLC (0.02%), State of Alaska Department of Revenue (0.02%), Pensionfund DSM Netherlands (0.02%) and US Bancorp DE (0.01%). Company insiders that own Spirit Realty Capital stock include Boyd Messmann, Gregg A Seibert, Jackson Hsieh, Michael Bender, Phillip D Joseph Jr, Thomas H Nolan Jr and Thomas H Nolan Jr. View Institutional Ownership Trends for Spirit Realty Capital.
Who sold Spirit Realty Capital stock? Who is selling Spirit Realty Capital stock?
Spirit Realty Capital's stock was sold by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies LLC, State of Alaska Department of Revenue, Spirit of America Management Corp NY, BB&T Corp and Whittier Trust Co. of Nevada Inc.. Company insiders that have sold Spirit Realty Capital stock in the last year include Thomas H Nolan Jr and Thomas H Nolan Jr. View Insider Buying and Selling for Spirit Realty Capital.
Who bought Spirit Realty Capital stock? Who is buying Spirit Realty Capital stock?
Spirit Realty Capital's stock was purchased by a variety of institutional investors in the last quarter, including Aperio Group LLC, Financial & Investment Management Group Ltd., Orinda Asset Management LLC, Pensionfund DSM Netherlands, Pensionfund Sabic, Private Capital Management Inc. and US Bancorp DE. Company insiders that have bought Spirit Realty Capital stock in the last two years include Boyd Messmann, Gregg A Seibert, Jackson Hsieh and Phillip D Joseph Jr. View Insider Buying and Selling for Spirit Realty Capital.
How do I buy Spirit Realty Capital stock?
Shares of Spirit Realty Capital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Spirit Realty Capital's stock price today?
MarketBeat Community Rating for Spirit Realty Capital (NYSE 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.
One share of Spirit Realty Capital stock can currently be purchased for approximately $7.84.
Consensus Ratings for Spirit Realty Capital (NYSE:SRC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
|Ratings Breakdown: ||2 Sell Ratings, 6 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.23)|
|Consensus Price Target: ||$11.44 (45.92% upside)|
Analysts' Ratings History for Spirit Realty Capital (NYSE:SRC)
(Data available from 7/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/10/2017||Mizuho||Upgrade||Underperform -> Neutral||$7.50||Medium|
|5/9/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$11.50 -> $8.40||High|
|5/5/2017||Deutsche Bank AG||Reiterated Rating||Buy||$14.00 -> $10.00||Low|
|5/5/2017||FBR & Co||Boost Price Target||Outperform||$8.00 -> $13.00||High|
|5/4/2017||Capital One Financial Corporation||Downgrade||Equal Weight -> Underweight||High|
|5/4/2017||Sandler O'Neill||Downgrade||Buy -> Hold||$13.00 -> $9.00||High|
|5/4/2017||Ladenburg Thalmann Financial Services||Downgrade||Buy -> Neutral||High|
|5/4/2017||Janney Montgomery Scott||Downgrade||Buy -> Neutral||High|
|5/4/2017||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$13.00 -> $9.00||High|
|12/5/2016||Bank of America Corporation||Downgrade||Neutral -> Underperform||N/A|
|11/21/2016||Robert W. Baird||Upgrade||Neutral -> Outperform||$13.00||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Buy||$15.00||N/A|
|8/9/2016||Wunderlich||Boost Price Target||Buy||$14.00 -> $15.00||N/A|
|3/11/2016||Oppenheimer Holdings, Inc.||Upgrade||Market Perform -> Outperform||$12.00||N/A|
|2/29/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|12/14/2015||SunTrust Banks, Inc.||Initiated Coverage||Buy||$10.50||N/A|
|8/7/2015||Royal Bank Of Canada||Lower Price Target||Sector Perform||$12.00 -> $11.00||N/A|
Earnings History for Spirit Realty Capital (NYSE:SRC)Earnings History by Quarter for Spirit Realty Capital (NYSE SRC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
|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|
|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|
|11/7/2012||Q312||$0.60||$69.30 million||$70.70 million||View||N/A|
Earnings Estimates for Spirit Realty Capital (NYSE:SRC)
2017 EPS Consensus Estimate: $0.83
2018 EPS Consensus Estimate: $0.85
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Spirit Realty Capital (NYSE:SRC)
|Most Recent Dividend:||7/14/2017|
|Dividend Growth:||-15.20% (3 Year Average)|
|Payout Ratio:||378.97% (Trailing 12 Months of Earnings) |
90.00% (Based on This Year's Estimates)
90.00% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Spirit Realty Capital (NYSE SRC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Spirit Realty Capital (NYSE:SRC)
Insider Ownership Percentage: 0.50%Insider Trades by Quarter for Spirit Realty Capital (NYSE:SRC)
Institutional Ownership Percentage: 99.68%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/5/2017||Jackson Hsieh||Insider||Buy||13,400||$7.45||$99,830.00|| |
|6/2/2017||Phillip D Joseph Jr||CFO||Buy||6,700||$7.47||$50,049.00|| |
|5/24/2017||Boyd Messmann||EVP||Buy||10,000||$7.19||$71,900.00|| |
|5/24/2017||Jackson Hsieh||Insider||Buy||13,700||$7.27||$99,599.00|| |
|12/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$10.44||$156,600.00|| |
|11/15/2016||Jackson Hsieh||Insider||Buy||9,500||$10.62||$100,890.00|| |
|11/10/2016||Phillip D Joseph Jr||CFO||Buy||2,516||$10.75||$27,047.00|| |
|9/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$13.23||$198,450.00|| |
|6/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$11.48||$172,200.00|| |
|2/1/2016||Thomas H Nolan Jr||CEO||Sell||12,500||$10.50||$131,250.00|| |
|1/28/2016||Michael Bender||insider||Sell||28,683||$10.18||$291,992.94|| |
|12/17/2015||Michael Bender||Insider||Sell||26,686||$10.14||$270,596.04|| |
|9/16/2015||Gregg A Seibert||EVP||Buy||4,300||$9.26||$39,818.00|| |
|9/1/2015||Phillip D Joseph Jr||CFO||Buy||3,553||$9.40||$33,398.20|| |
|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|| |
Headline Trends for Spirit Realty Capital (NYSE:SRC)
Latest Headlines for Spirit Realty Capital (NYSE:SRC)
|Spirit Realty Capital (NYSE:SRC) & Lamar Advertising (LAMR) Critical Analysis|
www.americanbankingnews.com - July 23 at 7:50 AM
|Reviewing Starwood Waypoint Residential Trust (SWAY) and Spirit Realty Capital (NYSE:SRC)|
www.americanbankingnews.com - July 22 at 6:04 PM
|Exclusive: Spirit Realty explores Shopko stores spin-off - sources|
www.reuters.com - July 22 at 9:08 AM
|Spirit Realty Capital, Inc. (SRC) Expected to Post Earnings of $0.20 Per Share|
www.americanbankingnews.com - July 20 at 2:35 PM
|Spirit Realty Capital, Inc. (SRC) Raised to Hold at BidaskClub|
www.americanbankingnews.com - July 16 at 10:26 AM
|ETFs with exposure to Spirit Realty Capital, Inc. : July 14, 2017|
finance.yahoo.com - July 15 at 8:53 AM
|Spirit Realty Capital, Inc. Schedules Second Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - July 13 at 9:52 AM
|Spirit Realty Capital, Inc. breached its 50 day moving average in a Bullish Manner : SRC-US : July 13, 2017|
finance.yahoo.com - July 13 at 9:52 AM
|A 10% Yield On A Battered REIT With Significant Upside|
seekingalpha.com - July 11 at 8:42 PM
|Head to Head Analysis: W.P. Carey (WPC) versus Spirit Realty Capital (SRC)|
www.americanbankingnews.com - July 8 at 8:14 PM
|Spirit Realty Capital, Inc. (SRC) Lowered to Sell at BidaskClub|
www.americanbankingnews.com - July 8 at 4:06 PM
|Starwood Waypoint Residential Trust (SWAY) versus Spirit Realty Capital (NYSE:SRC) Critical Analysis|
www.americanbankingnews.com - July 8 at 10:40 AM
|Spirit Realty Capital, Inc. (NYSE:SRC) Short Interest Up 47.6% in June|
www.americanbankingnews.com - July 1 at 7:04 AM
|Spirit Realty Capital, Inc. (SRC) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - June 30 at 12:44 PM
|What Every Trader Needs To Understand About Block Trades|
finance.yahoo.com - June 29 at 6:58 AM
|$164.63 Million in Sales Expected for Spirit Realty Capital, Inc. (SRC) This Quarter|
www.americanbankingnews.com - June 28 at 12:06 PM
|Head to Head Contrast: Spirit Realty Capital (SRC) and Starwood Waypoint Residential Trust (SWAY)|
www.americanbankingnews.com - June 28 at 7:56 AM
|Spirit Realty Capital, Inc. (SRC) Upgraded at BidaskClub|
www.americanbankingnews.com - June 27 at 8:22 PM
|Zacks: Brokerages Expect Spirit Realty Capital, Inc. (SRC) Will Post Earnings of $0.20 Per Share|
www.americanbankingnews.com - June 26 at 10:39 AM
|Is Spirit Realty Capital, Inc (SRC) Stock’s 9% Yield Cheap Enough?|
investorplace.com - June 20 at 11:36 AM
|Spirit Realty And The Block-Deal Frenzy|
finance.yahoo.com - June 20 at 8:08 AM
|Spirit Realty Capital, Inc. (SRC) to Issue $0.18 Quarterly Dividend|
www.americanbankingnews.com - June 16 at 3:20 PM
|Spirit Realty Capital, Inc. (SRC) Upgraded to Sell by BidaskClub|
www.americanbankingnews.com - June 13 at 7:58 PM
|Insider Buying: Spirit Realty Capital, Inc (SRC) Insider Acquires 13,400 Shares of Stock|
www.americanbankingnews.com - June 5 at 8:03 PM
|Spirit Realty Capital, Inc (SRC) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - June 5 at 11:10 AM
|Spirit Realty Capital (SRC) Board Initiates Stock Repurchase Program|
www.americanbankingnews.com - June 4 at 12:20 PM
|Spirit Realty Capital, Inc (SRC) Downgraded by ValuEngine|
www.americanbankingnews.com - June 3 at 8:56 AM
|Phillip D. Joseph, Jr. Acquires 6,700 Shares of Spirit Realty Capital, Inc (SRC) Stock|
www.americanbankingnews.com - June 2 at 8:43 PM
|$166.61 Million in Sales Expected for Spirit Realty Capital, Inc (SRC) This Quarter|
www.americanbankingnews.com - June 2 at 3:20 PM
|Spirit Realty Capital, Inc to Post Q2 2017 Earnings of $0.20 Per Share, SunTrust Banks Forecasts (SRC)|
www.americanbankingnews.com - June 1 at 7:50 AM
|Spirit Realty Capital, Inc. and Spirit Realty, L....|
www.benzinga.com - May 31 at 12:20 PM
|Spirit Realty Capital, Inc.|
www.prnewswire.com - May 31 at 12:20 PM
|Spirit Realty Capital, Inc. and Spirit Realty, L.P. Announce Completion of Exchange Offer of Spirit Realty, L.P.'s 4.450% Notes due 2026 for Registered Notes|
finance.yahoo.com - May 31 at 12:20 PM
|Zacks: Brokerages Anticipate Spirit Realty Capital, Inc (SRC) Will Announce Earnings of $0.20 Per Share|
www.americanbankingnews.com - May 31 at 7:48 AM
|Spirit Realty Capital Enters Oversold Territory|
www.nasdaq.com - May 27 at 5:47 AM
|Spirit Realty Capital, Inc (SRC) Insider Jackson Hsieh Acquires 13,700 Shares|
www.americanbankingnews.com - May 26 at 8:03 PM
|Boyd Messmann Purchases 10,000 Shares of Spirit Realty Capital, Inc (SRC) Stock|
www.americanbankingnews.com - May 26 at 8:02 PM
|Spirit Realty Capital, Inc (SRC) Short Interest Update|
www.americanbankingnews.com - May 25 at 6:36 PM
|Spirit Realty Capital, Inc (SRC) Downgraded by Zacks Investment Research to "Strong Sell"|
www.americanbankingnews.com - May 18 at 6:32 PM
|Should Value Investors Pick Spirit Realty (SRC) Stock?|
www.zacks.com - May 16 at 9:00 AM
|Spirit Realty Capital, Inc. and Spirit Realty, L.P. Announce Extension of ...|
www.prnewswire.com - May 11 at 9:37 PM
|Spirit Realty L.P. -- Moody's affirms Spirit Realty's Baa3 rating; outlook revised to negative|
finance.yahoo.com - May 11 at 9:37 PM
|Spirit Realty Capital, Inc. and Spirit Realty, L.P. Announce Extension of Exchange Offer of Spirit Realty, L.P.'s 4.450% Notes due 2026 for Registered Notes|
finance.yahoo.com - May 11 at 9:37 PM
|Spirit Realty Capital, Inc (SRC) Expected to Post Q2 2017 Earnings of $0.19 Per Share|
www.americanbankingnews.com - May 10 at 8:08 AM
|Stock Traders Buy High Volume of Call Options on Spirit Realty Capital (SRC)|
www.americanbankingnews.com - May 10 at 7:28 AM
|Spirit Realty Capital, Inc (SRC) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - May 9 at 10:31 AM
|Spirit Realty Saw Sizable Block Trade Activity|
www.benzinga.com - May 9 at 10:21 AM
|Spirit Realty Capital, Inc. Names Jackson Hsieh To Chief Executive Officer|
finance.yahoo.com - May 8 at 7:29 PM
|Q2 2017 EPS Estimates for Spirit Realty Capital, Inc Decreased by FBR & Co (SRC)|
www.americanbankingnews.com - May 8 at 7:27 AM
|Spirit Realty Capital, Inc (SRC) Stock Rating Lowered by JPMorgan Chase & Co.|
www.americanbankingnews.com - May 7 at 1:36 PM
Spirit Realty Capital (SRC) Chart for Sunday, July, 23, 2017