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Spirit Realty Capital - SRC Stock Forecast, Price & News

$39.23
+0.50 (+1.29%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$38.78
$39.68
50-Day Range
$38.73
$44.36
52-Week Range
$34.31
$48.24
Volume
994,771 shs
Average Volume
907,689 shs
Market Capitalization
$5.54 billion
P/E Ratio
19.23
Dividend Yield
6.76%
Price Target
$43.89

Spirit Realty Capital MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
11.9% Upside
$43.89 Price Target
Short Interest
Bearish
2.51% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.38
Upright™ Environmental Score
News Sentiment
1.76mentions of Spirit Realty Capital in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.01%
From $3.49 to $3.63 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Finance Sector

570th out of 876 stocks

Nonresidential Building Operators Industry

3rd out of 4 stocks


SRC stock logo

About Spirit Realty Capital (NYSE:SRC) Stock

Spirit Realty Capital, Inc. operates as a holding company, which engages in investments in real estate. Its in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance, accounting, and capital markets. The company was founded on August 14, 2003, and is headquartered in Dallas, TX.

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SRC Stock News Headlines

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Q4 2022 Spirit Realty Capital Inc Earnings Call
Spirit Realty (SRC) Misses Q4 FFO and Revenue Estimates
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Spirit Realty Capital REIT Up To New 6-Month High
Raymond James Keeps Their Buy Rating on Spirit Realty Capital (SRC)
Spirit Realty Capital, Inc. (SRC-PA)
Spirit Realty: Up, Up, And Away
Earnings Preview For Spirit Realty Capital
Spirit Realty: At These Yields Don't Look Away
See More Headlines
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SRC Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Today
3/20/2023
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nonresidential building operators
Sub-Industry
Diversified REITs
Sector
Finance
CUSIP
84860F10
Employees
84
Year Founded
2003

Price Target and Rating

Average Stock Price Forecast
$43.89
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$38.00
Forecasted Upside/Downside
+11.9%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$285.52 million
Pretax Margin
40.36%

Debt

Sales & Book Value

Annual Sales
$709.63 million
Cash Flow
$4.26 per share
Book Value
$31.47 per share

Miscellaneous

Free Float
140,484,000
Market Cap
$5.54 billion
Optionable
Optionable
Beta
1.27

Social Links


Key Executives

  • Jackson Hsieh
    President, Chief Executive Officer & Director
  • Michael C. Hughes
    Chief Financial Officer & Executive Vice President
  • Rochelle Thomas
    Secretary, Executive VP & General Counsel
  • Jay A. YoungJay A. Young
    Chief Administrative & Legal Officer, Executive VP
  • Kenneth Heimlich
    Chief Investment Officer & Executive VP













SRC Stock - Frequently Asked Questions

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

9 Wall Street 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 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.
View SRC analyst ratings
or view top-rated stocks.

What is Spirit Realty Capital's stock price forecast for 2023?

9 Wall Street research analysts have issued 12 month target prices for Spirit Realty Capital's shares. Their SRC share price forecasts range from $38.00 to $54.00. On average, they expect the company's share price to reach $43.89 in the next twelve months. This suggests a possible upside of 11.9% 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 2023?

Spirit Realty Capital's stock was trading at $39.93 on January 1st, 2023. Since then, SRC shares have decreased by 1.8% and is now trading at $39.23.
View the best growth stocks for 2023 here
.

Are investors shorting Spirit Realty Capital?

Spirit Realty Capital saw a increase in short interest in 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 trading volume of 840,400 shares, the short-interest ratio is currently 4.2 days.
View Spirit Realty Capital's Short Interest
.

When is Spirit Realty Capital's next earnings date?

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

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital, Inc. (NYSE:SRC) released its earnings results on Tuesday, November, 2nd. The real estate investment trust reported $0.32 earnings per share (EPS) 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 analysts' expectations 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 period in the prior year, the company earned $0.72 earnings per share.

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 Thursday, February 23rd. Investors 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 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for SRC
.

Is Spirit Realty Capital a good dividend stock?

Spirit Realty Capital (NYSE:SRC) pays an annual dividend of $2.65 per share and currently has a dividend yield of 6.85%. 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.

When did Spirit Realty Capital's stock split?

Spirit Realty Capital's stock reverse split 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 closing bell 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 FY23 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $3.53-$3.59 for the period, compared to the consensus EPS estimate of $3.74.

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 number of institutional and retail investors. Top institutional shareholders 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
.

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 $39.23.

How much money does Spirit Realty Capital make?

Spirit Realty Capital (NYSE:SRC) has a market capitalization of $5.54 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.

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 (972) 476-1900, via email at investorrelations@spiritrealty.com, or via fax at 800-973-0850.

This page (NYSE:SRC) was last updated on 3/20/2023 by MarketBeat.com Staff