S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
NYSE:SRC

Spirit Realty Capital - SRC Stock Forecast, Price & News

$42.69
-0.43 (-1.00%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$42.53
$43.16
50-Day Range
$36.23
$44.91
52-Week Range
$35.79
$52.29
Volume
804,068 shs
Average Volume
877,994 shs
Market Capitalization
$5.82 billion
P/E Ratio
25.41
Dividend Yield
5.91%
Price Target
$48.90

Spirit Realty Capital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.5% Upside
$48.90 Price Target
Short Interest
Healthy
3.67% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.17
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
2.33%
From $3.43 to $3.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Finance Sector

399th out of 896 stocks

Nonresidential Building Operators Industry

3rd out of 3 stocks

SRC stock logo

About Spirit Realty Capital (NYSE:SRC) Stock

Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.

Wall Street Analyst Weigh In

Several analysts have issued reports on SRC shares. Jefferies Financial Group decreased their price target on shares of Spirit Realty Capital from $44.00 to $40.00 and set a "hold" rating on the stock in a research report on Thursday, June 30th. UBS Group cut their price target on Spirit Realty Capital from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, July 25th. Raymond James decreased their price objective on Spirit Realty Capital from $48.00 to $46.00 and set an "outperform" rating on the stock in a report on Friday, July 8th. Morgan Stanley reduced their target price on Spirit Realty Capital from $50.00 to $40.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 12th. Finally, Truist Financial lowered their price target on shares of Spirit Realty Capital from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Wednesday, June 1st. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $48.90.

Spirit Realty Capital Price Performance

Shares of NYSE:SRC traded down $0.26 during trading on Friday, reaching $42.86. The stock had a trading volume of 1,659 shares, compared to its average volume of 685,148. The stock has a market capitalization of $5.84 billion, a PE ratio of 25.67, a P/E/G ratio of 4.90 and a beta of 1.25. Spirit Realty Capital has a 52 week low of $35.79 and a 52 week high of $52.29. The business's 50-day moving average price is $40.81 and its 200 day moving average price is $43.33. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.15 and a quick ratio of 0.15.

Spirit Realty Capital (NYSE:SRC - Get Rating) last announced its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.60 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.25). Spirit Realty Capital had a return on equity of 5.52% and a net margin of 33.97%. The business had revenue of $173.56 million for the quarter, compared to the consensus estimate of $172.40 million. As a group, equities analysts predict that Spirit Realty Capital will post 3.43 earnings per share for the current year.

Spirit Realty Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.663 per share. This is a boost from Spirit Realty Capital's previous quarterly dividend of $0.64. This represents a $2.65 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend is Thursday, September 29th. Spirit Realty Capital's dividend payout ratio is 151.79%.

Receive SRC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Spirit Realty Capital and its competitors with MarketBeat's FREE daily newsletter.

SRC Stock News Headlines

What 7 Analyst Ratings Have To Say About Spirit Realty Cap
6 High-Yield Stocks With Good Upside Potential
Spirit Realty Offers Lucrative Value and Dividends
Spirit Realty Capital declares $0.638 dividend
Spirit Realty Capital is Oversold
Spirit Realty Capital Q1 2022 Earnings Preview
SRC Breaks Above 6% Yield Territory
Spirit Realty: My Oh My, Another Strong Buy
See More Headlines
Receive SRC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Spirit Realty Capital and its competitors with MarketBeat's FREE daily newsletter.

SRC Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
8/03/2022
Today
8/19/2022
Ex-Dividend for 10/14 Dividend
9/29/2022
Dividend Payable
10/14/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Nonresidential building operators
Sub-Industry
Diversified REITs
Sector
Finance
CUSIP
84860F10
Employees
84
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$48.90
High Stock Price Forecast
$57.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+14.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
$171.70 million
Pretax Margin
34.48%

Debt

Sales & Book Value

Annual Sales
$608.39 million
Cash Flow
$3.43 per share
Book Value
$30.71 per share

Miscellaneous

Free Float
135,551,000
Market Cap
$5.82 billion
Optionable
Optionable
Beta
1.25

Key Executives

  • Mr. Jackson Hsieh (Age 61)
    Pres, CEO & Director
    Comp: $4.06M
  • Mr. Michael C. Hughes (Age 47)
    Exec. VP & CFO
    Comp: $1.45M
  • Mr. Kenneth Heimlich (Age 56)
    Exec. VP & Chief Investment Officer
    Comp: $1.22M
  • Mr. Jay A. YoungMr. Jay A. Young (Age 52)
    Exec. VP, Chief Admin. Officer & Chief Legal Officer
    Comp: $1.14M
  • Mr. Prakash J. Parag (Age 47)
    Sr. VP & Chief Accounting Officer
  • Mr. Pierre Revol
    Sr. VP of Corp. Fin. & Investor Relations
  • Ms. Rochelle Thomas (Age 38)
    Exec. VP, Gen. Counsel & Sec.
  • Ms. Erin Gilles
    Director of Marketing & Communications
  • Mr. Daniel Rosenberg (Age 44)
    Sr. VP & Deputy Head of Asset Management
  • Mr. Travis Carter
    Sr. VP of Credit & Underwriting













SRC Stock - Frequently Asked Questions

Should I buy or sell Spirit Realty Capital stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SRC shares.
View SRC analyst ratings
or view top-rated stocks.

What is Spirit Realty Capital's stock price forecast for 2022?

10 analysts have issued 12-month price objectives for Spirit Realty Capital's shares. Their SRC share price forecasts range from $40.00 to $57.00. On average, they anticipate the company's share price to reach $48.90 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts price targets for SRC
or view top-rated stocks among Wall Street analysts.

How have SRC shares performed in 2022?

Spirit Realty Capital's stock was trading at $48.19 at the start of the year. Since then, SRC stock has decreased by 11.4% and is now trading at $42.69.
View the best growth stocks for 2022 here
.

When is Spirit Realty Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our SRC earnings forecast
.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital, Inc. (NYSE:SRC) posted its earnings results on Wednesday, August, 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.25. The real estate investment trust earned $173.56 million during the quarter, compared to analyst estimates of $172.40 million. Spirit Realty Capital had a trailing twelve-month return on equity of 5.52% and a net margin of 33.97%.

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 Monday, August 8th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.663 per share on Friday, October 14th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Thursday, September 29th. This is an increase from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for SRC
.

Is Spirit Realty Capital a good dividend stock?

Spirit Realty Capital (NYSE:SRC) pays an annual dividend of $2.55 per share and currently has a dividend yield of 5.91%. 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 151.79%. 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 72.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRC.

When did Spirit Realty Capital's stock split?

Spirit Realty Capital's stock 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.

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

Spirit Realty Capital updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $3.52-$3.58 for the period. The company issued revenue guidance of -.

What other stocks do shareholders of Spirit Realty Capital own?

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).

What is Spirit Realty Capital's stock symbol?

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

Who are Spirit Realty Capital's major shareholders?

Spirit Realty Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (7.28%), State Street Corp (5.34%), Macquarie Group Ltd. (2.84%), Zimmer Partners LP (2.48%), Massachusetts Financial Services Co. MA (1.72%) and Long Pond Capital LP (1.53%). Insiders that own company stock include Jackson Hsieh, Jay Young and Michelle M Frymire.
View institutional ownership trends
.

How do I buy shares of Spirit Realty Capital?

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.
Compare Top Brokerages Here.

What is Spirit Realty Capital's stock price today?

One share of SRC stock can currently be purchased for approximately $42.69.

How much money does Spirit Realty Capital make?

Spirit Realty Capital (NYSE:SRC) has a market capitalization of $5.82 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 $1.68 on an earnings per share basis.

How can I contact Spirit Realty Capital?

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.

This page (NYSE:SRC) was last updated on 8/19/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.