Spirit Realty Capital (SRC) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spirit Realty Capital in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SRC shares. 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.
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10 Wall Street analysts have issued 12-month price objectives for Spirit Realty Capital's shares. Their SRC share price targets range from $33.00 to $46.00. On average, they anticipate the company's share price to reach $41.91 in the next twelve months. This suggests that the stock has a possible downside of 0.9%.
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Spirit Realty Capital's stock was trading at $43.69 at the beginning of the year. Since then, SRC shares have decreased by 3.2% and is now trading at $42.31.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our SRC earnings forecast.

Spirit Realty Capital, Inc. (NYSE:SRC) issued its quarterly earnings results on Monday, August, 7th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.86 by $0.50. The real estate investment trust earned $1 million during the quarter, compared to analysts' expectations of $187.23 million. Spirit Realty Capital had a trailing twelve-month return on equity of 5.83% and a net margin of 33.98%. The business's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 EPS.

Spirit Realty Capital announced a quarterly dividend on Tuesday, November 28th. Shareholders of record on Thursday, December 28th will be given a dividend of $0.67 per share on Friday, January 12th. This represents a $2.68 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Wednesday, December 27th. This is a boost from the stock's previous quarterly dividend of $0.67.
Read our dividend analysis for SRC.

Spirit Realty Capital (NYSE:SRC) pays an annual dividend of $2.68 per share and currently has a dividend yield of 6.33%. SRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 153.14%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SRC will have a dividend payout ratio of 76.14% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SRC.

ETFs with the largest weight of Spirit Realty Capital (NYSE:SRC) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), Fundamental Income Net Lease Real Estate ETF (NETL), Global X SuperDividend REIT ETF (SRET), iShares Focused Value Factor ETF (FOVL), Invesco KBW Premium Yield Equity REIT ETF (KBWY), ALPS REIT Dividend Dogs ETF (RDOG), Fidelity Real Estate Investment ETF (FPRO) and Hoya Capital High Dividend Yield ETF (RIET).

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 closing bell 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.

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (1.60%), Dimensional Fund Advisors LP (1.46%), Daiwa Securities Group Inc. (1.14%), Norges Bank (1.13%), Russell Investments Group Ltd. (1.04%) and Picton Mahoney Asset Management (0.89%). Insiders that own company stock include Jay Young, Michelle M Frymire and Richard I Gilchrist.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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