Spirit Realty Capital (SRC) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.
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9 analysts have issued 12 month price targets for Spirit Realty Capital's stock. Their SRC share price forecasts range from $38.00 to $50.00. On average, they anticipate the company's stock price to reach $43.15 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for SRC or view top-rated stocks among Wall Street analysts.

Spirit Realty Capital's stock was trading at $39.93 at the beginning of 2023. Since then, SRC shares have decreased by 2.2% and is now trading at $39.06.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SRC earnings forecast.

Spirit Realty Capital, Inc. (NYSE:SRC) issued its quarterly earnings data on Tuesday, November, 2nd. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $0.48. The real estate investment trust earned $151.38 million during the quarter, compared to the consensus estimate of $151.95 million. Spirit Realty Capital had a trailing twelve-month return on equity of 7.42% and a net margin of 44.28%. During the same quarter in the previous year, the firm posted $0.72 EPS.

Spirit Realty Capital declared a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Friday, June 30th will be given a dividend of $0.663 per share on Friday, July 14th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for SRC.

ETFs with the largest weight of Spirit Realty Capital (NYSE:SRC) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), NETLease Corporate Real Estate ETF (NETL), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Global X SuperDividend REIT ETF (SRET), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Fidelity Real Estate Investment ETF (FPRO) and Hoya Capital High Dividend Yield ETF (RIET).

Spirit Realty Capital (NYSE:SRC) pays an annual dividend of $2.65 per share and currently has a dividend yield of 6.88%. 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 116.23%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SRC will have a dividend payout ratio of 75.07% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SRC.

Shares of Spirit Realty Capital 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 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.

Spirit Realty Capital updated its FY23 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $3.54-$3.60 for the period, compared to the consensus estimate of $3.63.

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).

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

Spirit Realty Capital's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.70%), FMR LLC (6.97%), State Street Corp (5.48%), Daiwa Securities Group Inc. (2.14%), Macquarie Group Ltd. (2.03%) and Geode Capital Management LLC (1.60%). Insiders that own company stock include Jay Young, Michelle M Frymire and Richard I Gilchrist.
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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.
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One share of SRC stock can currently be purchased for approximately $39.06.

Spirit Realty Capital (NYSE:SRC) has a market capitalization of $5.52 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 $2.28 on an earnings per share basis.

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.