Spirit Realty Capital Company Profile (NYSE:SRC)

About Spirit Realty Capital (NYSE:SRC)

Spirit Realty Capital logoSpirit 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
Capitalization:
  • Market Cap: $3.68367 billion
  • Outstanding Shares: 458,402,000
Average Prices:
  • 50 Day Moving Avg: $8.55
  • 200 Day Moving Avg: $8.30
  • 52 Week Range: $6.64 - $12.66
P/E:
  • Trailing P/E Ratio: 61.21
  • Foreward P/E Ratio: 9.98
  • P/E Growth: 1.05
Sales & Book Value:
  • Annual Revenue: $667.48 million
  • Price / Sales: 5.55
  • Book Value: $7.33 per share
  • Price / Book: 1.10
Dividend:
  • Annual Dividend: $0.72
  • Dividend Yield: 8.9%
Profitability:
  • EBITDA: $583.57 million
  • Net Margins: 9.47%
  • Return on Equity: 1.74%
  • Return on Assets: 0.82%
Debt:
  • Debt-to-Equity Ratio: 1.15%
  • Current Ratio: 0.53%
  • Quick Ratio: 0.53%
Misc:
  • Average Volume: 10.26 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 announced a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.18 per share on Friday, October 13th. This represents a $0.72 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date of this dividend is Thursday, September 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 stock repurchase plan on Wednesday, August 16th 2017, which permits the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital, Inc. (NYSE:SRC) issued its quarterly earnings data on Thursday, August, 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.01. The company had revenue of $168.65 million for the quarter, compared to analyst estimates of $163.19 million. Spirit Realty Capital had a return on equity of 1.74% and a net margin of 9.47%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. View Spirit Realty Capital's Earnings History.

When will Spirit Realty Capital make its next earnings announcement?

Spirit Realty Capital is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Spirit Realty Capital.

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

Spirit Realty Capital issued an update on its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $0.80-0.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.80.

Where is Spirit Realty Capital's stock going? Where will Spirit Realty Capital's stock price be in 2017?

12 brokers have issued twelve-month price objectives for Spirit Realty Capital's stock. Their forecasts range from $8.40 to $13.00. On average, they expect Spirit Realty Capital's share price to reach $9.79 in the next year. View Analyst Ratings for Spirit Realty Capital.

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

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 Orinda Asset Management LLC (0.04%), Quantitative Systematic Strategies LLC (0.02%) and Meeder Asset Management Inc. (0.01%). Company insiders that own Spirit Realty Capital stock include Boyd Messmann, Jackson Hsieh, Michael Bender, Phillip D Joseph Jr, Sheli Z Rosenberg, Thomas H Nolan Jr, Thomas H Nolan Jr and Todd A Dunn. View Institutional Ownership Trends for Spirit Realty Capital.

Who bought Spirit Realty Capital stock? Who is buying Spirit Realty Capital stock?

Spirit Realty Capital's stock was acquired by a variety of institutional investors in the last quarter, including Quantitative Systematic Strategies LLC, Orinda Asset Management LLC and Meeder Asset Management Inc.. Company insiders that have bought Spirit Realty Capital stock in the last two years include Boyd Messmann, Jackson Hsieh, Phillip D Joseph Jr, Sheli Z Rosenberg and Todd A Dunn. 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?

One share of Spirit Realty Capital stock can currently be purchased for approximately $8.08.


MarketBeat Community Rating for Spirit Realty Capital (NYSE SRC)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  190 (Vote Outperform)
Underperform Votes:  202 (Vote Underperform)
Total Votes:  392
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.

Analyst Ratings

Consensus Ratings for Spirit Realty Capital (NYSE:SRC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 6 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $9.79 (21.22% upside)
Consensus Price Target History for Spirit Realty Capital (NYSE:SRC)
Price Target History for Spirit Realty Capital (NYSE:SRC)
Analysts' Ratings History for Spirit Realty Capital (NYSE:SRC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/22/2017MizuhoSet Price TargetBuy$9.00N/AView Rating Details
10/20/2017Deutsche Bank AGReiterated RatingBuy$11.00N/AView Rating Details
10/20/2017FBR & CoReiterated RatingBuyN/AView Rating Details
10/20/2017Robert W. BairdReiterated RatingBuy$10.00N/AView Rating Details
8/16/2017Bank of America CorporationUpgradeUnderperform -> Buy$6.50 -> $9.75HighView Rating Details
8/4/2017Ladenburg Thalmann Financial ServicesReiterated RatingHoldMediumView Rating Details
8/4/2017Royal Bank Of CanadaBoost Price TargetSector Perform -> Sector Perform$8.00 -> $9.00MediumView Rating Details
5/9/2017Morgan StanleyDowngradeOverweight -> Equal Weight$11.50 -> $8.40HighView Rating Details
5/4/2017Capital One Financial CorporationDowngradeEqual Weight -> UnderweightHighView Rating Details
5/4/2017Sandler O'NeillDowngradeBuy -> Hold$13.00 -> $9.00HighView Rating Details
5/4/2017Janney Montgomery ScottDowngradeBuy -> NeutralHighView Rating Details
5/4/2017J P Morgan Chase & CoDowngradeOverweight -> Neutral$13.00 -> $9.00HighView Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$15.00N/AView Rating Details
8/9/2016WunderlichBoost Price TargetBuy$14.00 -> $15.00N/AView Rating Details
3/11/2016Oppenheimer Holdings, Inc.UpgradeMarket Perform -> Outperform$12.00N/AView Rating Details
2/29/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
12/14/2015SunTrust Banks, Inc.Initiated CoverageBuy$10.50N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Spirit Realty Capital (NYSE:SRC)
Earnings by Quarter for Spirit Realty Capital (NYSE:SRC)
Earnings History by Quarter for Spirit Realty Capital (NYSE SRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.07N/AView Earnings Details
8/3/2017Q2 2017$0.20$0.21$163.19 million$168.65 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.22$0.20$169.84 million$163.19 millionViewListenView Earnings Details
2/22/2017Q416$0.08$0.21$162.91 million$173.40 millionViewN/AView Earnings Details
8/3/2016Q2$0.21$0.22$164.29 million$171.70 millionViewN/AView Earnings Details
5/4/2016Q1$0.21$0.22$162.51 million$168.40 millionViewN/AView Earnings Details
2/24/2016Q415$0.22$0.19$162.45 million$160.80 millionViewListenView Earnings Details
11/5/2015Q315$0.21$0.21$162.89 million$168.43 millionViewN/AView Earnings Details
8/6/2015Q215$0.20$0.22$161.23 million$167.90 millionViewN/AView Earnings Details
5/7/2015Q214$0.20$0.21$155.20 million$162.28 millionViewN/AView Earnings Details
2/26/2015Q114$0.21$0.20$152.18 million$154.00 millionViewN/AView Earnings Details
11/3/2014Q413$0.21$0.21$147.70 million$152.30 millionViewListenView Earnings Details
8/5/2014Q2$0.20$0.20$144.16 million$151.80 millionViewListenView Earnings Details
11/11/2013Q3$0.10$0.19$127.60 million$137.10 millionViewListenView Earnings Details
8/8/2013Q2 2013$0.19$0.25$72.54 million$72.80 millionViewListenView Earnings Details
5/8/2013Q113$0.36$0.43$71.27 millionViewListenView Earnings Details
11/7/2012Q312$0.60$69.30 million$70.70 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Spirit Realty Capital (NYSE:SRC)
2017 EPS Consensus Estimate: $0.83
2018 EPS Consensus Estimate: $0.85
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.22$0.22$0.22
Q2 20174$0.19$0.23$0.21
Q3 20174$0.19$0.22$0.20
Q4 20174$0.20$0.22$0.21
Q1 20183$0.20$0.23$0.21
Q2 20183$0.20$0.23$0.21
Q3 20183$0.20$0.23$0.21
Q4 20183$0.20$0.23$0.21
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Spirit Realty Capital (NYSE:SRC)
Most Recent Dividend:10/13/2017
Annual Dividend:$0.72
Dividend Yield:8.91%
Dividend Growth:-15.20% (3 Year Average)
Payout Ratio:514.29% (Trailing 12 Months of Earnings)
90.00% (Based on This Year's Estimates)
88.89% (Based on Next Year's Estimates)
Track Record:2 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Spirit Realty Capital (NYSE:SRC)

Dividend History by Quarter for Spirit Realty Capital (NYSE SRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/15/2017quarterly$0.188.24%9/28/20179/29/201710/13/2017
6/16/2017quarterly$0.189.28%6/28/20176/30/20177/14/2017
3/16/2017quarterly$0.187%3/29/20173/31/20174/14/2017
12/16/2016quarterly$0.186.81%12/28/201612/30/20161/13/2017
9/15/2016quarterly$0.185.37%9/28/20169/30/201610/14/2016
6/16/2016quarterly$0.185.81%6/28/20166/30/20167/15/2016
3/15/2016quarterly$0.186.51%3/29/20163/31/20164/15/2016
12/16/2015quarterly$0.186.86%12/29/201512/31/20151/15/2016
9/15/2015quarterly$0.177.39%9/28/20159/30/201510/15/2015
6/16/2015quarterly$0.176.48%6/26/20156/30/20157/15/2015
3/17/2015quarterly$0.175.71%3/27/20153/31/20154/15/2015
12/15/2014quarterly$0.175.88%12/29/201412/31/20141/15/2015
9/16/2014quarterly$0.175.87%9/26/20149/30/201410/15/2014
6/16/2014quarterly$0.175.94%6/26/20146/30/20147/15/2014
3/18/2014quarterly$0.175.95%3/27/20143/31/20144/15/2014
12/17/2013quarterly$0.176.64%12/27/201312/31/20131/15/2014
9/6/2013special$0.009/26/20139/30/201310/15/2013
6/17/2013quarterly$0.316.36%6/26/20136/28/20137/16/2013
3/14/2013quarterly$0.313/31/20134/16/2013
12/13/2012quarterly$0.3112/27/201212/31/20121/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Spirit Realty Capital (NYSE:SRC)
Insider Ownership Percentage: 0.50%
Institutional Ownership Percentage: 94.51%
Insider Trades by Quarter for Spirit Realty Capital (NYSE:SRC)
Institutional Ownership by Quarter for Spirit Realty Capital (NYSE:SRC)
Insider Trades by Quarter for Spirit Realty Capital (NYSE:SRC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/11/2017Sheli Z RosenbergDirectorBuy1,000$8.27$8,270.00View SEC Filing  
8/10/2017Todd A DunnDirectorBuy14,000$8.49$118,860.00View SEC Filing  
8/8/2017Phillip D Joseph JrCFOBuy6,061$8.25$50,003.25View SEC Filing  
8/7/2017Phillip D Joseph JrCFOBuy3,636$8.25$29,997.00View SEC Filing  
6/5/2017Jackson HsiehInsiderBuy13,400$7.45$99,830.00View SEC Filing  
6/2/2017Phillip D Joseph JrCFOBuy6,700$7.47$50,049.00View SEC Filing  
5/24/2017Boyd MessmannEVPBuy10,000$7.19$71,900.00View SEC Filing  
5/24/2017Jackson HsiehInsiderBuy13,700$7.27$99,599.00View SEC Filing  
12/1/2016Thomas H Nolan JrCEOSell15,000$10.44$156,600.00View SEC Filing  
11/15/2016Jackson HsiehInsiderBuy9,500$10.62$100,890.00View SEC Filing  
11/10/2016Phillip D Joseph JrCFOBuy2,516$10.75$27,047.00View SEC Filing  
9/1/2016Thomas H Nolan JrCEOSell15,000$13.23$198,450.00View SEC Filing  
6/1/2016Thomas H Nolan JrCEOSell15,000$11.48$172,200.00View SEC Filing  
2/1/2016Thomas H Nolan JrCEOSell12,500$10.50$131,250.00View SEC Filing  
1/28/2016Michael BenderinsiderSell28,683$10.18$291,992.94View SEC Filing  
12/17/2015Michael BenderInsiderSell26,686$10.14$270,596.04View SEC Filing  
9/16/2015Gregg A SeibertEVPBuy4,300$9.26$39,818.00View SEC Filing  
9/1/2015Phillip D Joseph JrCFOBuy3,553$9.40$33,398.20View SEC Filing  
5/1/2015Thomas H Nolan JrCEOSell12,500$11.35$141,875.00View SEC Filing  
4/1/2015Thomas H Nolan JrCEOSell12,500$12.12$151,500.00View SEC Filing  
12/22/2014Christopher James BerletInsiderSell40,000$0.21$8,200.00
5/23/2014Kevin M CharltonDirectorBuy4,500$11.24$50,580.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Spirit Realty Capital (NYSE:SRC)
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Chart

Spirit Realty Capital (SRC) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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