Spirit Realty Capital Stock Forecast, Price & News

Spirit Realty Capital's stock was trading at $40.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SRC shares have decreased by 1.9% and is now trading at $39.71.
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11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Spirit Realty Capital stock. 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 analyst ratings for Spirit Realty Capital or view MarketBeat's top 5 stock picks.

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538 employees have rated Spirit Realty Capital CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among Spirit Realty Capital's employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Spirit Realty Capital is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Spirit Realty Capital.

Spirit Realty Capital, Inc. (NYSE:SRC) released its quarterly earnings data on Saturday, November, 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by $0.08. The real estate investment trust earned $112.92 million during the quarter, compared to the consensus estimate of $118.84 million. Spirit Realty Capital had a return on equity of 0.07% and a net margin of 0.46%. During the same quarter in the previous year, the business posted $1.27 earnings per share.
View Spirit Realty Capital's earnings history.

Spirit Realty Capital announced a quarterly dividend on Wednesday, December 2nd. Shareholders of record on Thursday, December 31st will be given a dividend of $0.625 per share on Friday, January 15th. This represents a $2.50 annualized dividend and a yield of 6.30%. The ex-dividend date is Wednesday, December 30th.
View Spirit Realty Capital's dividend history.

Spirit Realty Capital pays an annual dividend of $2.50 per share and currently has a dividend yield of 6.44%. SRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Spirit Realty Capital does not yet have a strock track record of dividend growth. The dividend payout ratio of Spirit Realty Capital is 74.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Spirit Realty Capital will have a dividend payout ratio of 88.34% in the coming year. This indicates that Spirit Realty Capital may not be able to sustain their current dividend.
View Spirit Realty Capital's dividend history.

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 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.

11 equities research analysts have issued 12 month price targets for Spirit Realty Capital's stock. Their forecasts range from $27.00 to $47.00. On average, they expect Spirit Realty Capital's share price to reach $40.20 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price.
View analysts' price targets for Spirit Realty Capital or view Wall Street analyst' top-rated stocks.

Spirit Realty Capital saw a drop in short interest in December. As of December 31st, there was short interest totaling 6,850,000 shares, a drop of 16.6% from the December 15th total of 8,210,000 shares. Based on an average daily volume of 797,500 shares, the short-interest ratio is presently 8.6 days.
View Spirit Realty Capital's Short Interest.

Some companies that are related to Spirit Realty Capital include Duke Realty (DRE), Vornado Realty Trust (VNO), Cousins Properties (CUZ), PS Business Parks (PSB), Lexington Realty Trust (LXP), Washington Real Estate Investment Trust (WRE), American Assets Trust (AAT), Investors Real Estate Trust (IRET), Gladstone Commercial (GOOD), One Liberty Properties (OLP), Whitestone REIT (WSR) and Gyrodyne (GYRO).
View all of SRC's competitors.

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 a variety of institutional and retail investors. Top institutional shareholders include Frontier Capital Management Co. LLC (0.95%), Advisors Management Group Inc. ADV (0.16%), Beacon Financial Group (0.12%), ProVise Management Group LLC (0.06%), Exchange Traded Concepts LLC (0.05%) and State of Alaska Department of Revenue (0.05%). Company insiders that own Spirit Realty Capital stock include Jackson Hsieh and Jay Young.
View institutional ownership trends for Spirit Realty Capital.

SRC stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., ProVise Management Group LLC, Advisors Management Group Inc. ADV, and Global Retirement Partners LLC.
View insider buying and selling activity for Spirit Realty Capital or view top insider-selling stocks.

SRC stock was purchased by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Sound Income Strategies LLC, Louisiana State Employees Retirement System, State of Alaska Department of Revenue, MADDEN SECURITIES Corp, Beacon Financial Group, Exchange Traded Concepts LLC, and Patriot Financial Group Insurance Agency LLC. Company insiders that have bought Spirit Realty Capital stock in the last two years include Jackson Hsieh, and Jay Young.
View insider buying and selling activity for Spirit Realty Capital or or view top insider-buying stocks.

Shares of SRC 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.

One share of SRC stock can currently be purchased for approximately $39.71.

Spirit Realty Capital has a market capitalization of $4.32 billion and generates $516.43 million in revenue each year. The real estate investment trust earns $175.27 million in net income (profit) each year or $3.34 on an earnings per share basis. Spirit Realty Capital employs 85 workers across the globe.

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

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]