About Spirit Realty Capital (NYSE:SRC)
Spirit 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
- Market Cap: $3.68367 billion
- Outstanding Shares: 458,402,000
- 50 Day Moving Avg: $8.55
- 200 Day Moving Avg: $8.30
- 52 Week Range: $6.64 - $12.66
Sales & Book Value:
- Trailing P/E Ratio: 61.21
- Foreward P/E Ratio: 9.98
- P/E Growth: 1.05
- Annual Revenue: $667.48 million
- Price / Sales: 5.55
- Book Value: $7.33 per share
- Price / Book: 1.10
- Annual Dividend: $0.72
- Dividend Yield: 8.9%
- EBITDA: $583.57 million
- Net Margins: 9.47%
- Return on Equity: 1.74%
- Return on Assets: 0.82%
- Debt-to-Equity Ratio: 1.15%
- Current Ratio: 0.53%
- Quick Ratio: 0.53%
- 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?
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?
Some companies that are related to Spirit Realty Capital include Voya Financial (VOYA), Signature Bank (SBNY), Invitation Home (INVH), MarketAxess Holdings (MKTX), Kilroy Realty Corporation (KRC), Sun Communities (SUI), Ares Capital Corporation (ARCC), Grupo Financiero Galicia S.A. (GGAL), Apartment Investment and Management Company (AIV), Janus Capital Group (JHG), NorthStar Asset Management Group (CLNS), Brown & Brown (BRO), CIT Group Inc (DEL) (CIT), Forest City Enterprises (FCE-A), Springleaf Holdings (LEAF), People's United Financial (PBCT), Douglas Emmett (DEI) and Erie Indemnity Company (ERIE).
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?
MarketBeat Community Rating for Spirit Realty Capital (NYSE 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 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.
One share of Spirit Realty Capital stock can currently be purchased for approximately $8.08.
Consensus Ratings for Spirit Realty Capital (NYSE:SRC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for Spirit Realty Capital (NYSE:SRC)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/22/2017||Mizuho||Set Price Target||Buy||$9.00||N/A|
|10/20/2017||Deutsche Bank AG||Reiterated Rating||Buy||$11.00||N/A|
|10/20/2017||FBR & Co||Reiterated Rating||Buy||N/A|
|10/20/2017||Robert W. Baird||Reiterated Rating||Buy||$10.00||N/A|
|8/16/2017||Bank of America Corporation||Upgrade||Underperform -> Buy||$6.50 -> $9.75||High|
|8/4/2017||Ladenburg Thalmann Financial Services||Reiterated Rating||Hold||Medium|
|8/4/2017||Royal Bank Of Canada||Boost Price Target||Sector Perform -> Sector Perform||$8.00 -> $9.00||Medium|
|5/9/2017||Morgan Stanley||Downgrade||Overweight -> Equal Weight||$11.50 -> $8.40||High|
|5/4/2017||Capital One Financial Corporation||Downgrade||Equal Weight -> Underweight||High|
|5/4/2017||Sandler O'Neill||Downgrade||Buy -> Hold||$13.00 -> $9.00||High|
|5/4/2017||Janney Montgomery Scott||Downgrade||Buy -> Neutral||High|
|5/4/2017||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$13.00 -> $9.00||High|
|8/25/2016||BTIG Research||Initiated Coverage||Buy||$15.00||N/A|
|8/9/2016||Wunderlich||Boost Price Target||Buy||$14.00 -> $15.00||N/A|
|3/11/2016||Oppenheimer Holdings, Inc.||Upgrade||Market Perform -> Outperform||$12.00||N/A|
|2/29/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|12/14/2015||SunTrust Banks, Inc.||Initiated Coverage||Buy||$10.50||N/A|
Earnings History for Spirit Realty Capital (NYSE:SRC)Earnings History by Quarter for Spirit Realty Capital (NYSE SRC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.20||$0.21||$163.19 million||$168.65 million||View||Listen|
|5/3/2017||Q1 2017||$0.22||$0.20||$169.84 million||$163.19 million||View||Listen|
|2/22/2017||Q416||$0.08||$0.21||$162.91 million||$173.40 million||View||N/A|
|8/3/2016||Q2||$0.21||$0.22||$164.29 million||$171.70 million||View||N/A|
|5/4/2016||Q1||$0.21||$0.22||$162.51 million||$168.40 million||View||N/A|
|2/24/2016||Q415||$0.22||$0.19||$162.45 million||$160.80 million||View||Listen|
|11/5/2015||Q315||$0.21||$0.21||$162.89 million||$168.43 million||View||N/A|
|8/6/2015||Q215||$0.20||$0.22||$161.23 million||$167.90 million||View||N/A|
|5/7/2015||Q214||$0.20||$0.21||$155.20 million||$162.28 million||View||N/A|
|2/26/2015||Q114||$0.21||$0.20||$152.18 million||$154.00 million||View||N/A|
|11/3/2014||Q413||$0.21||$0.21||$147.70 million||$152.30 million||View||Listen|
|8/5/2014||Q2||$0.20||$0.20||$144.16 million||$151.80 million||View||Listen|
|11/11/2013||Q3||$0.10||$0.19||$127.60 million||$137.10 million||View||Listen|
|8/8/2013||Q2 2013||$0.19||$0.25||$72.54 million||$72.80 million||View||Listen|
|11/7/2012||Q312||$0.60||$69.30 million||$70.70 million||View||N/A|
Earnings Estimates for Spirit Realty Capital (NYSE:SRC)
2017 EPS Consensus Estimate: $0.83
2018 EPS Consensus Estimate: $0.85
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Spirit Realty Capital (NYSE:SRC)
|Most Recent Dividend:||10/13/2017|
|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 History by Quarter for Spirit Realty Capital (NYSE SRC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Spirit Realty Capital (NYSE:SRC)
Insider Ownership Percentage: 0.50%Insider Trades by Quarter for Spirit Realty Capital (NYSE:SRC)
Institutional Ownership Percentage: 94.51%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/11/2017||Sheli Z Rosenberg||Director||Buy||1,000||$8.27||$8,270.00|| |
|8/10/2017||Todd A Dunn||Director||Buy||14,000||$8.49||$118,860.00|| |
|8/8/2017||Phillip D Joseph Jr||CFO||Buy||6,061||$8.25||$50,003.25|| |
|8/7/2017||Phillip D Joseph Jr||CFO||Buy||3,636||$8.25||$29,997.00|| |
|6/5/2017||Jackson Hsieh||Insider||Buy||13,400||$7.45||$99,830.00|| |
|6/2/2017||Phillip D Joseph Jr||CFO||Buy||6,700||$7.47||$50,049.00|| |
|5/24/2017||Boyd Messmann||EVP||Buy||10,000||$7.19||$71,900.00|| |
|5/24/2017||Jackson Hsieh||Insider||Buy||13,700||$7.27||$99,599.00|| |
|12/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$10.44||$156,600.00|| |
|11/15/2016||Jackson Hsieh||Insider||Buy||9,500||$10.62||$100,890.00|| |
|11/10/2016||Phillip D Joseph Jr||CFO||Buy||2,516||$10.75||$27,047.00|| |
|9/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$13.23||$198,450.00|| |
|6/1/2016||Thomas H Nolan Jr||CEO||Sell||15,000||$11.48||$172,200.00|| |
|2/1/2016||Thomas H Nolan Jr||CEO||Sell||12,500||$10.50||$131,250.00|| |
|1/28/2016||Michael Bender||insider||Sell||28,683||$10.18||$291,992.94|| |
|12/17/2015||Michael Bender||Insider||Sell||26,686||$10.14||$270,596.04|| |
|9/16/2015||Gregg A Seibert||EVP||Buy||4,300||$9.26||$39,818.00|| |
|9/1/2015||Phillip D Joseph Jr||CFO||Buy||3,553||$9.40||$33,398.20|| |
|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||$0.21||$8,200.00|
|5/23/2014||Kevin M Charlton||Director||Buy||4,500||$11.24||$50,580.00|| |
Headline Trends for Spirit Realty Capital (NYSE:SRC)
Latest Headlines for Spirit Realty Capital (NYSE:SRC)
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Spirit Realty Capital (SRC) Chart for Monday, October, 23, 2017