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 twelve months. 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 12 month price targets for Spirit Realty Capital's shares. Their SRC share price forecasts range from $38.00 to $50.00. On average, they expect the company's stock price to reach $42.89 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
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Spirit Realty Capital's stock was trading at $39.93 at the start of the year. Since then, SRC shares have decreased by 4.4% and is now trading at $38.18.
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Spirit Realty Capital saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 3,550,000 shares, an increase of 68.2% from the February 13th total of 2,110,000 shares. Based on an average daily volume of 840,400 shares, the short-interest ratio is currently 4.2 days.
View Spirit Realty Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our SRC earnings forecast.

Spirit Realty Capital, Inc. (NYSE:SRC) posted its quarterly earnings data on Tuesday, November, 2nd. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.48. The real estate investment trust earned $151.38 million during the quarter, compared to analyst estimates of $151.95 million. Spirit Realty Capital had a trailing twelve-month return on equity of 6.70% and a net margin of 40.24%. During the same quarter in the previous year, the firm posted $0.72 earnings per share.

Spirit Realty Capital announced a quarterly dividend on Thursday, February 23rd. Stockholders of record on Friday, March 31st will be paid a dividend of $0.663 per share on Friday, April 14th. This represents a $2.65 annualized dividend and a dividend yield of 6.95%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for SRC.

ETFs with the largest weight of Spirit Realty Capital (NYSE:SRC) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), NETLease Corporate Real Estate ETF (NETL), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Global X SuperDividend REIT ETF (SRET), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Fidelity Real Estate Investment ETF (FPRO) and Hoya Capital High Dividend Yield ETF (RIET).

Spirit Realty Capital (NYSE:SRC) pays an annual dividend of $2.65 per share and currently has a dividend yield of 7.05%. 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 129.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SRC will have a dividend payout ratio of 73.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRC.

Spirit Realty Capital shares reverse split before market open 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 updated its FY23 earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $3.53-$3.59 for the period, compared to the consensus EPS estimate of $3.74.

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 institutional and retail investors. Top institutional investors include Daiwa Securities Group Inc. (2.14%), Macquarie Group Ltd. (2.08%), Cbre Investment Management Listed Real Assets LLC (1.79%), Long Pond Capital LP (1.66%), Geode Capital Management LLC (1.57%) and Charles Schwab Investment Management Inc. (1.51%). Insiders that own company stock include Jackson Hsieh, Jay Young, Michelle M Frymire and Richard I Gilchrist.
View institutional ownership trends.

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 $38.18.

Spirit Realty Capital (NYSE:SRC) has a market capitalization of $5.39 billion and generates $709.63 million in revenue each year. The real estate investment trust earns $285.52 million in net income (profit) each year or $2.04 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 (972) 476-1900, via email at investorrelations@spiritrealty.com, or via fax at 800-973-0850.