Shares of Spirit Realty Capital, Inc (NYSE:SRC) have been given an average rating of “Hold” by the nineteen research firms that are covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $9.19.
A number of analysts have recently weighed in on SRC shares. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Spirit Realty Capital in a research note on Monday, November 13th. B. Riley set a $9.00 price target on Spirit Realty Capital and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Mizuho reaffirmed a “buy” rating and issued a $9.50 price target on shares of Spirit Realty Capital in a research note on Thursday, December 21st. ValuEngine lowered Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 5th.
In other news, Director Thomas D. Senkbeil acquired 25,200 shares of the stock in a transaction on Tuesday, March 6th. The stock was acquired at an average price of $7.93 per share, with a total value of $199,836.00. Following the completion of the transaction, the director now owns 67,052 shares of the company’s stock, valued at approximately $531,722.36. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.
Spirit Realty Capital (NYSE SRC) traded down $0.01 during trading hours on Wednesday, hitting $7.99. The stock had a trading volume of 1,988,924 shares, compared to its average volume of 5,725,848. The stock has a market capitalization of $3,590.68, a price-to-earnings ratio of 49.82 and a beta of 0.46. Spirit Realty Capital has a 52-week low of $6.64 and a 52-week high of $10.60. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.60 and a current ratio of 0.60.
Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). The company had revenue of $165.35 million for the quarter, compared to analysts’ expectations of $166.69 million. Spirit Realty Capital had a net margin of 11.53% and a return on equity of 2.84%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. equities research analysts forecast that Spirit Realty Capital will post 0.82 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 9.01%. The ex-dividend date is Wednesday, March 28th. Spirit Realty Capital’s dividend payout ratio is currently 450.03%.
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Spirit Realty Capital Company Profile
Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.
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