Spirit Realty Capital, Inc (NYSE:SRC) – SunTrust Banks issued their Q1 2018 EPS estimates for shares of Spirit Realty Capital in a report released on Tuesday, April 3rd. SunTrust Banks analyst K. Kim forecasts that the real estate investment trust will earn $0.21 per share for the quarter. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Spirit Realty Capital’s Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.21 EPS.
Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.07 earnings per share (EPS) 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 the consensus estimate of $166.69 million. Spirit Realty Capital had a return on equity of 2.84% and a net margin of 11.53%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS.
SRC has been the subject of a number of other research reports. Bank of America cut Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research report on Monday, February 26th. ValuEngine cut Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research cut Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Thursday, March 15th. B. Riley reaffirmed a “buy” rating on shares of Spirit Realty Capital in a research report on Thursday, February 22nd. Finally, Morgan Stanley decreased their target price on Spirit Realty Capital from $8.75 to $8.25 and set an “equal weight” rating for the company in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Spirit Realty Capital presently has an average rating of “Hold” and a consensus target price of $9.44.
Shares of Spirit Realty Capital stock opened at $8.05 on Friday. The company has a market cap of $3,581.71, a price-to-earnings ratio of 9.47 and a beta of 0.46. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.60 and a quick ratio of 0.60. Spirit Realty Capital has a 12-month low of $6.64 and a 12-month high of $10.60.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in shares of Spirit Realty Capital by 122.9% in the third quarter. Advisors Asset Management Inc. now owns 18,571 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 10,241 shares in the last quarter. Ffcm LLC raised its stake in shares of Spirit Realty Capital by 214.0% in the fourth quarter. Ffcm LLC now owns 15,761 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 10,741 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of Spirit Realty Capital in the fourth quarter valued at $101,000. Brown Advisory Inc. acquired a new position in shares of Spirit Realty Capital in the fourth quarter valued at $126,000. Finally, Teachers Insurance & Annuity Association of America raised its stake in shares of Spirit Realty Capital by 3.1% in the fourth quarter. Teachers Insurance & Annuity Association of America now owns 498,344 shares of the real estate investment trust’s stock valued at $4,276,000 after purchasing an additional 14,950 shares in the last quarter. Institutional investors and hedge funds own 91.92% of the company’s stock.
In other news, Director Richard I. Gilchrist bought 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average cost of $8.00 per share, for a total transaction of $60,000.00. Following the completion of the purchase, the director now owns 67,929 shares of the company’s stock, valued at approximately $543,432. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas D. Senkbeil bought 25,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average price of $7.93 per share, with a total value of $199,836.00. Following the completion of the purchase, the director now directly owns 67,052 shares of the company’s stock, valued at approximately $531,722.36. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a $0.18 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.72 annualized dividend and a dividend yield of 8.94%. Spirit Realty Capital’s dividend payout ratio is 84.71%.
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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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