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About Spirit Realty Capital (NYSE:SRC)
Spirit Realty Capital, Inc. (NYSE:SRC) is a premier net lease real estate investment trust (REIT) that primarily invests in high-quality, operationally essential retail 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 shareholders.
Industry, Sector and Symbol
Industry Nonresidential building operators
Trailing P/E Ratio10.15
Forward P/E Ratio10.52
Sales & Book Value
Annual Sales$668.96 million
Price / Sales5.53
Cash Flow$0.7810 per share
Price / Cash11.05
Book Value$7.01 per share
Price / Book1.23
EPS (Most Recent Fiscal Year)$0.85
Net Income$77.14 million
Return on Equity3.53%
Return on Assets1.53%
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, March 6th. Stockholders of record on Friday, March 30th will be given a dividend of $0.18 per share on Friday, April 13th. This represents a $0.72 annualized dividend and a dividend yield of 8.34%. The ex-dividend date is Wednesday, March 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 purchase up to 6.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
How were Spirit Realty Capital's earnings last quarter?
Spirit Realty Capital (NYSE:SRC) announced its quarterly earnings data on Tuesday, May, 1st. The real estate investment trust reported $0.06 EPS for the quarter, meeting analysts' consensus estimates of $0.06. The real estate investment trust had revenue of $165.30 million for 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%. Spirit Realty Capital's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. View Spirit Realty Capital's Earnings History.
When is Spirit Realty Capital's next earnings date?
What price target have analysts set for SRC?
12 brokers have issued 1-year target prices for Spirit Realty Capital's shares. Their forecasts range from $8.00 to $11.00. On average, they anticipate Spirit Realty Capital's stock price to reach $9.0278 in the next year. View Analyst Ratings for Spirit Realty Capital.
Are investors shorting Spirit Realty Capital?
Spirit Realty Capital saw a decrease in short interest during the month of May. As of May 15th, there was short interest totalling 6,802,821 shares, a decrease of 40.6% from the April 30th total of 11,452,463 shares. Based on an average daily trading volume, of 7,213,047 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.6% of the shares of the stock are short sold.
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 58)
- Mr. Phillip D. Joseph Jr., CFO, Exec. VP & Treasurer (Age 49)
- Mr. Jay A. Young, Gen. Counsel, Exec. VP and Sec. (Age 48)
- Mr. Prakash J. Parag, Chief Accounting Officer & Sr. VP (Age 43)
- Mr. Daniel Rosenberg, Sr. VP of Acquisitions
Has Spirit Realty Capital been receiving favorable news coverage?
News headlines about SRC stock have been trending somewhat negative this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Spirit Realty Capital earned a news sentiment score of -0.02 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 45.85 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Spirit Realty Capital's major shareholders?
Spirit Realty Capital's stock is owned by many different of institutional and retail investors. Top institutional investors 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, 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 major 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 major investors are buying Spirit Realty Capital stock?
SRC stock was purchased 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, 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 $8.63.
How big of a company is Spirit Realty Capital?
Spirit Realty Capital has a market capitalization of $3.70 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)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.
Spirit Realty Capital (NYSE:SRC) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Spirit Realty Capital in the last 12 months. Their average twelve-month price target is $9.0278, suggesting that the stock has a possible upside of 4.61%. The high price target for SRC is $11.00 and the low price target for SRC is $8.00. There are currently 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.42||2.33||2.40||2.27|
|Ratings Breakdown: ||0 Sell Rating(s)|
7 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
10 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
9 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
9 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$9.0278||$9.3542||$9.50||$9.4708|
|Price Target Upside: ||4.61% upside||19.62% upside||25.00% upside||9.87% upside|
Spirit Realty Capital (NYSE:SRC) Consensus Price Target History
Spirit Realty Capital (NYSE:SRC) Analyst Ratings History
(Data available from 5/26/2016 forward)
Spirit Realty Capital (NYSE:SRC) Dividend Information
Spirit Realty Capital pays an annual dividend of $0.72 per share, with a dividend yield of 8.34%. SRC's most recent quarterly dividend payment was Friday, April 13. The company has grown its dividend for the last 3 consecutive years and is increasing its dividend by an average of 2.70% each year. Spirit Realty Capital pays out 84.71% of its earnings out as a dividend.
|Most Recent Dividend:||4/13/2018|
|Dividend Growth:||2.70% (3 Year Average)|
|Payout Ratio(s):||84.71% (Trailing 12 Months of Earnings) |
87.80% (Based on This Year's Estimates)
86.75% (Based on Next Year's Estimates)
92.19% (Based on Cash Flow)
|Track Record:||3 Years of Consecutive Dividend Growth|
Spirit Realty Capital (NYSE:SRC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Spirit Realty Capital (NYSE SRC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.48%
Institutional Ownership Percentage: 93.33%
Spirit Realty Capital (NYSE SRC) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/15/2018||Richard I Gilchrist||Director||Buy||7,500||$8.00||$60,000.00||67,929|| |
|3/6/2018||Thomas D Senkbeil||Director||Buy||25,200||$7.93||$199,836.00||67,052|| |
|8/11/2017||Sheli Z Rosenberg||Director||Buy||1,000||$8.27||$8,270.00||54,280|| |
|8/10/2017||Todd A Dunn||Director||Buy||14,000||$8.49||$118,860.00||64,560|| |
|8/8/2017||Phillip D Joseph Jr||CFO||Buy||6,061||$8.25||$50,003.25||138,504|| |
|8/7/2017||Phillip D Joseph Jr||CFO||Buy||3,636||$8.25||$29,997.00||138,504|| |
|6/5/2017||Jackson Hsieh||Insider||Buy||13,400||$7.45||$99,830.00||559,453|| |
|6/2/2017||Phillip D Joseph Jr||CFO||Buy||6,700||$7.47||$50,049.00||134,868|| |
|5/24/2017||Boyd Messmann||EVP||Buy||10,000||$7.19||$71,900.00||73,656|| |
|5/24/2017||Jackson Hsieh||Insider||Buy||13,700||$7.27||$99,599.00||546,053|| |
|12/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$10.44||$156,600.00||843,186|| |
|11/15/2016||Jackson Hsieh||Insider||Buy||9,500||$10.62||$100,890.00||430,970|| |
|11/10/2016||Phillip D Joseph Jr||CFO||Buy||2,516||$10.75||$27,047.00||90,378|| |
|9/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$13.23||$198,450.00||858,186|| |
|6/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$11.48||$172,200.00||873,186|| |
|2/1/2016||Thomas H Nolan Jr||CEO||Sell||12,500||$10.50||$131,250.00||762,288|| |
|1/28/2016||Michael Bender||insider||Sell||28,683||$10.18||$291,992.94||392,381|| |
|12/17/2015||Michael Bender||Insider||Sell||26,686||$10.14||$270,596.04||306,097|| |
|9/16/2015||Gregg A Seibert||EVP||Buy||4,300||$9.26||$39,818.00||187,738|| |
|9/1/2015||Phillip D Joseph Jr||CFO||Buy||3,553||$9.40||$33,398.20||45,926|| |
|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||$0.2050||$8,200.00|
|5/23/2014||Kevin M Charlton||Director||Buy||4,500||$11.24||$50,580.00|| |
Spirit Realty Capital (NYSE SRC) News Headlines
|Zacks: Brokerages Expect Spirit Realty Capital (SRC) Will Post Quarterly Sales of $162.81 Million|
www.americanbankingnews.com - May 22 at 3:26 AM
|Spirit Realty Capital (SRC) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - May 21 at 3:34 PM
| Brokerages Anticipate Spirit Realty Capital (SRC) to Announce $0.20 Earnings Per Share|
www.americanbankingnews.com - May 20 at 1:23 PM
|FY2019 EPS Estimates for Spirit Realty Capital Lifted by Analyst (SRC)|
www.americanbankingnews.com - May 17 at 8:05 AM
|BRIEF-Spirit Realty Capital Announces Effectiveness Of SMTA REIT Form 10 Registration Statement|
www.reuters.com - May 11 at 9:18 AM
|Spirit Realty Capital Announces Effectiveness of SMTA REIT Form 10 ...|
www.prnewswire.com - May 11 at 9:18 AM
|Spirit Realty Capital Announces Effectiveness of SMTA REIT Form 10 Registration Statement|
finance.yahoo.com - May 10 at 5:22 PM
|Spirit Realty Capital (SRC) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - May 9 at 6:47 PM
|$162.64 Million in Sales Expected for Spirit Realty Capital (SRC) This Quarter|
www.americanbankingnews.com - May 5 at 4:43 AM
|Head-To-Head Analysis: Piedmont Office Realty Trust (PDM) versus Spirit Realty Capital (SRC)|
www.americanbankingnews.com - May 5 at 3:13 AM
|Spirit MTA REIT Publicly Files Second Amendment to Form 10 Registration Statement in Connection with Planned Spin-off from Spirit Realty Capital|
www.prnewswire.com - May 4 at 5:48 PM
|Edited Transcript of SRC earnings conference call or presentation 2-May-18 12:30pm GMT|
finance.yahoo.com - May 3 at 8:44 AM
|Spirit Realty Capital (SRC) Expected to Announce Earnings of $0.20 Per Share|
www.americanbankingnews.com - May 3 at 3:08 AM
|ValuEngine Lowers Spirit Realty Capital (SRC) to Sell|
www.americanbankingnews.com - May 2 at 6:06 PM
|Spirit Realty Capital (SRC) Announces Earnings Results, Hits Expectations|
www.americanbankingnews.com - May 2 at 3:50 PM
|BRIEF-Spirit Realty Capital Reports Q1 Loss Per Share Of C$0.05|
www.reuters.com - May 2 at 8:49 AM
|Spirit Realty Capital Sets Record Date and Distribution Date for Spin-Off of Spirit MTA REIT|
www.bizjournals.com - May 2 at 8:49 AM
|Spirit Realty: 1Q Earnings Snapshot|
www.cnbc.com - May 2 at 8:49 AM
|Spirit Realty Capital beats by $0.02, misses on revenue|
seekingalpha.com - May 2 at 1:01 AM
|Why Earnings Season Could Be Great for Spirit Realty Capital (SRC)|
www.zacks.com - April 30 at 8:53 AM
|Reviewing Sampo Group (SAXPY) and Spirit Realty Capital (SRC)|
www.americanbankingnews.com - April 27 at 3:18 PM
|SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Spirit Realty Capital, Inc.|
finance.yahoo.com - April 26 at 4:57 PM
|Spirit Realty Capital (SRC) Given Average Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - April 26 at 3:30 PM
|JPMorgan Chase Cuts Spirit Realty Capital (SRC) Price Target to $8.00|
www.americanbankingnews.com - April 24 at 8:50 AM
|Spirit Realty Capital (SRC) Scheduled to Post Earnings on Tuesday|
www.americanbankingnews.com - April 24 at 7:10 AM
|Stock Traders Purchase High Volume of Spirit Realty Capital Call Options (SRC)|
www.americanbankingnews.com - April 20 at 7:08 AM
|Spirit Realty Capital (SRC) Upgraded at Mizuho|
www.americanbankingnews.com - April 19 at 6:57 PM
|Zacks: Analysts Expect Spirit Realty Capital (SRC) Will Announce Quarterly Sales of $162.70 Million|
www.americanbankingnews.com - April 18 at 4:48 AM
|Spirit Realty Capital, Inc. Schedules First Quarter 2018 Earnings Release and Conference Call|
finance.yahoo.com - April 17 at 5:28 PM
|This Morning's Technical Outlook on REIT Stocks -- RAIT Financial Trust, Redwood Trust, Seritage Growth Properties, and Spirit Realty Capital|
www.bizjournals.com - April 16 at 8:44 AM
|Spirit Realty Capital (SRC) Expected to Announce Earnings of $0.21 Per Share|
www.americanbankingnews.com - April 16 at 1:19 AM
|Spirit Realty Capital (SRC) Upgraded by Zacks Investment Research to "Hold"|
www.americanbankingnews.com - April 15 at 3:59 PM
|Spirit Realty Capital (SRC) Upgraded by BidaskClub to "Buy"|
www.americanbankingnews.com - April 14 at 9:13 PM
|BRIEF-Spirit Realty Capital Unit Publicly Filed With U.S. SEC An Amended Registration Statement On Form 10|
www.reuters.com - April 13 at 5:06 PM
|Spirit MTA REIT Publicly Files Amended Form 10 Registration Statement in Connection with Planned Spin-off from Spirit Realty Capital|
finance.yahoo.com - April 13 at 5:06 PM
|Spirit Realty Capital (SRC) and Piedmont Office Realty Trust (PDM) Head-To-Head Contrast|
www.americanbankingnews.com - April 11 at 11:21 AM
|Spirit Realty Capital (SRC) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - April 6 at 5:18 PM
|Brokers Set Expectations for Spirit Realty Capital, Inc's Q1 2018 Earnings (SRC)|
www.americanbankingnews.com - April 6 at 7:58 AM
|Contrasting Spirit Realty Capital (SRC) and Brookfield Asset Management (BAM)|
www.americanbankingnews.com - April 5 at 3:05 PM
|Spirit Realty Capital, Inc (SRC) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - April 1 at 3:30 PM
|Spirit Realty Capital (SRC) Receives "Buy" Rating from B. Riley|
www.americanbankingnews.com - April 1 at 7:24 AM
|Zacks: Analysts Expect Spirit Realty Capital, Inc (SRC) Will Post Quarterly Sales of $163.71 Million|
www.americanbankingnews.com - April 1 at 4:56 AM
|Spirit Realty Capital, Inc (SRC) Expected to Announce Earnings of $0.20 Per Share|
www.americanbankingnews.com - March 30 at 5:16 AM
|Spirit Realty Capital (SRC) Given a $9.00 Price Target at B. Riley|
www.americanbankingnews.com - March 27 at 7:58 PM
|Spirit Realty Capital (SRC) Raised to "Buy" at SunTrust Banks|
www.americanbankingnews.com - March 27 at 10:01 AM
|Spirit Realty Capital (SRC) Names Michael Hughes as CFO|
www.streetinsider.com - March 22 at 9:01 AM
|Spirit Realty Capital, Inc. Names Michael Hughes As Chief Financial Officer|
finance.yahoo.com - March 21 at 5:14 PM
|Contrasting Spirit Realty Capital (SRC) and Its Peers|
www.americanbankingnews.com - March 21 at 1:22 PM
|Zacks Investment Research Lowers Spirit Realty Capital (SRC) to Sell|
www.americanbankingnews.com - March 17 at 2:48 PM
|Richard I. Gilchrist Acquires 7,500 Shares of Spirit Realty Capital, Inc (SRC) Stock|
www.americanbankingnews.com - March 16 at 8:32 PM
Spirit Realty Capital (NYSE:SRC) SEC Filings
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Spirit Realty Capital (NYSE:SRC) Income Statement, Balance Sheet and Cash Flow Statement
Spirit Realty Capital (NYSE SRC) Stock Chart for Saturday, May, 26, 2018