NYSE:SRC - Spirit Realty Capital Stock Price, News, & Analysis

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$37.00 -0.14 (-0.38 %)
(As of 03/20/2019 06:00 AM ET)
Previous Close$37.14
Today's Range$36.98 - $37.40
52-Week Range$33.86 - $44.20
Volume656,421 shs
Average Volume822,781 shs
Market Capitalization$3.18 billion
P/E Ratio9.79
Dividend Yield6.73%
Beta0.52
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential 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, office and data center properties. As of September 30, 2018, our diversified portfolio was comprised of 1,523 properties, including properties securing mortgage loans made by the Company. Our properties, with an aggregate gross leasable area of approximately 28.7 million square feet, are leased to approximately 252 tenants across 49 states and 32 industries.

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Industry, Sector and Symbol

Industry Nonresidential building operators
Sub-IndustryDiversified REITs
SectorFinance
CUSIP84860F10
Phone972-476-1900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$445.13 million
Cash Flow$4.2627 per share
Book Value$30.75 per share

Profitability

Net Income$132.05 million

Miscellaneous

EmployeesN/A
Market Cap$3.18 billion
Next Earnings Date5/7/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Tuesday, March 5th. Shareholders of record on Friday, March 29th will be given a dividend of $0.625 per share on Monday, April 15th. This represents a $2.50 annualized dividend and a yield of 6.76%. The ex-dividend date is Thursday, March 28th. This is a boost from Spirit Realty Capital's previous quarterly dividend of $0.13. View Spirit Realty Capital's Dividend History.

When did Spirit Realty Capital's stock split? How did Spirit Realty Capital's stock split work?

Spirit Realty Capital's stock reverse split on the morning of 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 Spirit Realty Capital stock prior to the reverse split would have 20 shares after the split.

How will Spirit Realty Capital's stock buyback program work?

Spirit Realty Capital announced that its board has approved a share repurchase program on Wednesday, August 16th 2017, which permits the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital Inc (NYSE:SRC) released its quarterly earnings data on Wednesday, February, 20th. The real estate investment trust reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The real estate investment trust earned $129.48 million during the quarter, compared to the consensus estimate of $107.01 million. Spirit Realty Capital had a return on equity of 5.16% and a net margin of 26.05%. The business's quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 EPS. View Spirit Realty Capital's Earnings History.

When is Spirit Realty Capital's next earnings date?

Spirit Realty Capital is scheduled to release their next quarterly earnings announcement on Tuesday, May 7th 2019. View Earnings Estimates for Spirit Realty Capital.

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

Spirit Realty Capital updated its FY19 earnings guidance on Wednesday, February, 20th. The company provided earnings per share guidance of $3.32-3.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.29.

What price target have analysts set for SRC?

5 brokerages have issued twelve-month target prices for Spirit Realty Capital's shares. Their forecasts range from $40.00 to $42.00. On average, they expect Spirit Realty Capital's share price to reach $40.6667 in the next year. This suggests a possible upside of 9.9% from the stock's current price. View Analyst Price Targets for Spirit Realty Capital.

What is the consensus analysts' recommendation for Spirit Realty Capital?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Spirit Realty Capital.

Has Spirit Realty Capital been receiving favorable news coverage?

Headlines about SRC stock have been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Spirit Realty Capital earned a daily sentiment score of -2.0 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.

Who are some of Spirit Realty Capital's key competitors?

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 Medical Properties Trust (MPW), WP Carey (WPC), New Residential Investment (NRZ), AT&T (T), Vereit (VER), Omega Healthcare Investors (OHI), Energy Transfer LP Unit (ET), Ventas (VTR), ARBOR RLTY TR I/SH (ABR) and Realty Income (O).

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. Jay A. Young, Exec. VP, Gen. Counsel & Sec. (Age 49)
  • Mr. Michael C. Hughes, Exec. VP & CFO (Age 44)
  • Mr. Prakash J. Parag, Sr. VP & Chief Accounting Officer (Age 44)
  • Mr. Pierre Revol, Sr. VP and Head of Strategic Planning & Investor Relations

Who are Spirit Realty Capital's major shareholders?

Spirit Realty Capital's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (10.35%), Principal Financial Group Inc. (5.69%), Prudential Financial Inc. (2.47%), Geode Capital Management LLC (1.87%), Geode Capital Management LLC (1.87%) and Dimensional Fund Advisors LP (1.71%). Company insiders that own Spirit Realty Capital stock include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, Michael C Hughes, Phillip D Joseph Jr, Richard I Gilchrist, Sheli Z Rosenberg, Thomas D Senkbeil and Todd A Dunn. View Institutional Ownership Trends for Spirit Realty Capital.

Which institutional investors are selling Spirit Realty Capital stock?

SRC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Principal Financial Group Inc., Dimensional Fund Advisors LP, Geode Capital Management LLC, Geode Capital Management LLC, LSV Asset Management, Prudential Financial Inc. and Cohen & Steers Inc.. View Insider Buying and Selling for Spirit Realty Capital.

Which institutional investors are buying Spirit Realty Capital stock?

SRC stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Norges Bank, Duff & Phelps Investment Management Co., Millennium Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Canada Pension Plan Investment Board, American Century Companies Inc. and Hsbc Holdings PLC. Company insiders that have bought Spirit Realty Capital stock in the last two years include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, Michael C Hughes, 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 $37.00.

How big of a company is Spirit Realty Capital?

Spirit Realty Capital has a market capitalization of $3.18 billion and generates $445.13 million in revenue each year. The real estate investment trust earns $132.05 million in net income (profit) each year or $3.78 on an earnings per share basis.

What is Spirit Realty Capital's official website?

The official website for Spirit Realty Capital is http://www.spiritrealty.com.

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 (NYSE SRC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  300 (Vote Outperform)
Underperform Votes:  340 (Vote Underperform)
Total Votes:  640
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.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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