About Spirit Realty Capital (NYSE:SRC)
Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease real estate investment trust (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 and office properties providing superior risk adjusted returns and steady dividend growth for our stockholders. As of March 31, 2018, our diversified portfolio was comprised of 2,446 properties, including properties securing mortgage loans made by the Company. Our properties, with an aggregate gross leasable area of approximately 48.3 million square feet, are leased to approximately 417 tenants across 49 states and 32 industries. More information about Spirit Realty Capital can be found on the investor relations page of the Company's website at www.spiritrealty.com.
Industry, Sector and Symbol
Industry Nonresidential building operators
Trailing P/E Ratio9.65
Forward P/E Ratio10.51
Sales & Book Value
Annual Sales$668.96 million
Price / Sales5.25
Cash Flow$0.7824 per share
Price / Cash10.48
Book Value$6.92 per share
Price / Book1.18
EPS (Most Recent Fiscal Year)$0.85
Net Income$77.14 million
Return on Equity3.53%
Return on Assets1.53%
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 announced a quarterly dividend on Tuesday, June 5th. Stockholders of record on Friday, June 29th will be given a dividend of $0.18 per share on Friday, July 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date is Thursday, June 28th. View Spirit Realty Capital's Dividend History.
How will Spirit Realty Capital's stock buyback program work?
Spirit Realty Capital announced that its board has approved a share repurchase plan on Wednesday, August 16th 2017, which allows the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 6.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
How were Spirit Realty Capital's earnings last quarter?
Spirit Realty Capital Inc (NYSE:SRC) announced its earnings results on Tuesday, May, 1st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The real estate investment trust had revenue of $165.30 million for the quarter, compared to analysts' expectations of $165.12 million. Spirit Realty Capital had a return on equity of 3.53% and a net margin of 14.21%. The firm's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. View Spirit Realty Capital's Earnings History.
When is Spirit Realty Capital's next earnings date?
What price target have analysts set for SRC?
12 brokerages have issued 12-month price targets for Spirit Realty Capital's shares. Their forecasts range from $8.00 to $11.00. On average, they expect Spirit Realty Capital's stock price to reach $9.0278 in the next twelve months. View Analyst Ratings for Spirit Realty Capital.
Are investors shorting Spirit Realty Capital?
Spirit Realty Capital saw a drop in short interest in May. As of May 15th, there was short interest totalling 6,802,821 shares, a drop of 40.6% from the April 30th total of 11,452,463 shares. Based on an average daily volume of 7,213,047 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.6% of the shares of the company are sold short.
Who are some of Spirit Realty Capital's key competitors?
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 57)
- Mr. Jay A. Young, Exec. VP, Gen. Counsel & Sec. (Age 48)
- Mr. Michael C. Hughes, Exec. VP & CFO (Age 43)
- Mr. Prakash J. Parag, Sr. VP & Chief Accounting Officer (Age 43)
- Mr. Daniel Rosenberg, Sr. VP of Acquisitions (Age 40)
Has Spirit Realty Capital been receiving favorable news coverage?
Headlines about SRC stock have been trending positive recently, Accern reports. Accern identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spirit Realty Capital earned a news sentiment score of 0.27 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 45.77 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Spirit Realty Capital's major shareholders?
Spirit Realty Capital's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Scopia Capital Management LP (6.91%), Principal Financial Group Inc. (3.57%), Principal Financial Group Inc. (3.57%), Long Pond Capital LP (3.14%), Prudential Financial Inc. (2.84%) and V3 Capital Management L.P. (2.43%). Company insiders that own Spirit Realty Capital stock include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, Phillip D Joseph Jr, Richard I Gilchrist, Sheli Z Rosenberg, Thomas H Nolan Jr, Thomas D Senkbeil, Thomas H Nolan Jr 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 Millennium Management LLC, Long Pond Capital LP, Prudential Financial Inc., Guggenheim Capital LLC, A.R.T. Advisors LLC, Blair William & Co. IL, BNP Paribas Arbitrage SA and Asset Management One Co. Ltd.. View Insider Buying and Selling for Spirit Realty Capital.
Which institutional investors are buying Spirit Realty Capital stock?
SRC stock was purchased by a variety of institutional investors in the last quarter, including HG Vora Capital Management LLC, Scopia Capital Management LP, LSV Asset Management, Thompson Siegel & Walmsley LLC, V3 Capital Management L.P., Global X Management Co. LLC, MD Sass Investors Services Inc. and Tricadia Capital Management LLC. Company insiders that have bought Spirit Realty Capital stock in the last two years include Boyd Messmann, Jackson Hsieh, Kenneth Heimlich, 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 $8.20.
How big of a company is Spirit Realty Capital?
Spirit Realty Capital has a market capitalization of $3.51 billion and generates $668.96 million in revenue each year. The real estate investment trust earns $77.14 million in net income (profit) each year or $0.85 on an earnings per share basis. Spirit Realty Capital employs 87 workers across the globe.
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 (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 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.