Spirit Realty Capital - SRC Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SRC shares.
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10 Wall Street analysts have issued 12-month price objectives for Spirit Realty Capital's shares. Their SRC share price forecasts range from $40.00 to $57.00. On average, they predict the company's stock price to reach $48.90 in the next twelve months. This suggests a possible upside of 13.2% 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 $48.19 at the beginning of the year. Since then, SRC stock has decreased by 10.4% and is now trading at $43.18.
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Spirit Realty Capital is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our SRC earnings forecast.

Spirit Realty Capital, Inc. (NYSE:SRC) announced its earnings results on Wednesday, August, 3rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.25. The real estate investment trust had revenue of $173.56 million for the quarter, compared to the consensus estimate of $172.40 million. Spirit Realty Capital had a trailing twelve-month return on equity of 5.52% and a net margin of 33.97%.

Spirit Realty Capital announced a quarterly dividend on Wednesday, May 18th. Investors of record on Thursday, June 30th will be paid a dividend of $0.638 per share on Friday, July 15th. This represents a $2.55 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for SRC.

Spirit Realty Capital (NYSE:SRC) pays an annual dividend of $2.55 per share and currently has a dividend yield of 5.97%. SRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 151.79%. 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 72.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRC.

Spirit Realty Capital shares 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 issued an update on its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share guidance of $3.52-$3.58 for the period. The company issued revenue guidance of -.

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 retail and institutional investors. Top institutional shareholders include Frontier Capital Management Co. LLC (0.60%), Russell Investments Group Ltd. (0.37%), abrdn plc (0.34%), Retirement Systems of Alabama (0.26%), Swiss National Bank (0.22%) and Securian Asset Management Inc. (0.21%). Insiders that own company stock include Jackson Hsieh, Jay Young and Michelle M Frymire.
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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 $43.18.

Spirit Realty Capital (NYSE:SRC) has a market capitalization of $5.89 billion and generates $608.39 million in revenue each year. The real estate investment trust earns $171.70 million in net income (profit) each year or $1.68 on an earnings per share basis.

Spirit Realty Capital employs 84 workers across the globe.

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 (866) 557-7474, via email at investorrelations@spiritrealty.com, or via fax at 800-973-0850.