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

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$42.85 -0.20 (-0.46 %)
(As of 05/20/2019 01:27 PM ET)
Previous Close$43.05
Today's Range$42.83 - $43.11
52-Week Range$33.86 - $44.20
Volume22,380 shs
Average Volume1.33 million shs
Market Capitalization$3.74 billion
P/E Ratio11.36
Dividend Yield5.81%
Beta0.53
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 December 31, 2018, our diversified portfolio was comprised of 1,514 properties, including properties securing mortgage loans made by the Company. Our properties, with an aggregate gross leasable area of approximately 28.6 million square feet, are leased to 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$4.2893 per share
Book Value$30.37 per share

Profitability

Net Income$132.05 million

Miscellaneous

Employees89
Market Cap$3.74 billion
Next Earnings Date8/6/2019 (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 announced a quarterly dividend on Tuesday, March 5th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.625 per share on Monday, April 15th. This represents a $2.50 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend 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 before market open 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.

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

Spirit Realty Capital announced that its Board of Directors has initiated a stock repurchase program on Wednesday, August 16th 2017, which authorizes the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.5% of its shares through open market purchases. Shares buyback programs are often an indication 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) released its quarterly earnings results on Thursday, May, 2nd. The real estate investment trust reported $0.48 EPS for the quarter, missing the Zacks' consensus estimate of $0.81 by $0.33. The real estate investment trust had revenue of $112.59 million for the quarter, compared to analyst estimates of $104.71 million. Spirit Realty Capital had a return on equity of 5.82% and a net margin of 31.91%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 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, August 6th 2019. View Earnings Estimates for Spirit Realty Capital.

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

Spirit Realty Capital issued an update on its FY 2019 earnings guidance on Thursday, May, 2nd. The company provided earnings per share guidance of $3.35-3.39 for the period.

What price target have analysts set for SRC?

5 brokers have issued 1 year target prices for Spirit Realty Capital's shares. Their predictions range from $40.00 to $42.00. On average, they anticipate Spirit Realty Capital's stock price to reach $41.00 in the next twelve months. This suggests that the stock has a possible downside of 4.3%. 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?

Media stories about SRC stock have trended somewhat negative recently, InfoTrie reports. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Spirit Realty Capital earned a news impact score of -1.0 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days.

Are investors shorting Spirit Realty Capital?

Spirit Realty Capital saw a increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,743,193 shares, an increase of 54.0% from the March 29th total of 1,781,329 shares. Based on an average daily volume of 1,152,888 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.2% of the company's shares are sold short. View Spirit Realty Capital's Current Options Chain.

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), New Residential Investment (NRZ), Vereit (VER), WP Carey (WPC), AT&T (T), Ford Motor (F), Prospect Capital (PSEC), Uniti Group (UNIT), Centurylink (CTL) and Kinder Morgan (KMI).

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. Michael C. Hughes, Exec. VP & CFO (Age 44)
  • Mr. Jay A. Young, Exec. VP, Gen. Counsel & Sec. (Age 49)
  • Mr. Kenneth Heimlich, Exec. VP & Head of Asset Management (Age 53)
  • Mr. Prakash J. Parag, Sr. VP & Chief Accounting Officer (Age 44)

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 shareholders include FMR LLC (9.31%), Principal Financial Group Inc. (5.44%), Geode Capital Management LLC (2.04%), Renaissance Technologies LLC (1.93%), LSV Asset Management (1.69%) and Dimensional Fund Advisors LP (1.67%). 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 major investors are selling Spirit Realty Capital stock?

SRC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, MERIAN GLOBAL INVESTORS UK Ltd, Principal Financial Group Inc., Janus Henderson Group PLC, Martingale Asset Management L P, California Public Employees Retirement System, Teachers Insurance & Annuity Association of America and Sumitomo Mitsui Trust Holdings Inc.. View Insider Buying and Selling for Spirit Realty Capital.

Which major investors are buying Spirit Realty Capital stock?

SRC stock was bought by a variety of institutional investors in the last quarter, including Cbre Clarion Securities LLC, Duff & Phelps Investment Management Co., Renaissance Technologies LLC, Long Pond Capital LP, Morningstar Investment Services LLC, Hsbc Holdings PLC, Teacher Retirement System of Texas and Geode Capital Management LLC. 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 $42.85.

How big of a company is Spirit Realty Capital?

Spirit Realty Capital has a market capitalization of $3.74 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. Spirit Realty Capital employs 89 workers across the globe.

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:  308 (Vote Outperform)
Underperform Votes:  348 (Vote Underperform)
Total Votes:  656
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 5/20/2019 by MarketBeat.com Staff

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