Spirit Realty Capital (NYSE:SRC) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.75-0.76 for the period. Spirit Realty Capital also updated its FY18 guidance to $0.75-0.76 EPS.
Shares of NYSE:SRC traded down $0.08 during trading on Tuesday, reaching $8.10. 451,765 shares of the company traded hands, compared to its average volume of 5,425,758. The firm has a market cap of $3.34 billion, a PE ratio of 9.54 and a beta of 0.34. Spirit Realty Capital has a 52-week low of $7.34 and a 52-week high of $8.84. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.53 and a current ratio of 0.53.
Spirit Realty Capital (NYSE:SRC) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $109.64 million during the quarter, compared to the consensus estimate of $101.43 million. Spirit Realty Capital had a return on equity of 3.42% and a net margin of 14.77%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. Research analysts predict that Spirit Realty Capital will post 0.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.17%. Spirit Realty Capital’s dividend payout ratio is presently 58.82%.
A number of research firms recently commented on SRC. ValuEngine lowered shares of Spirit Realty Capital from a hold rating to a sell rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded shares of Spirit Realty Capital from a sell rating to a hold rating in a research note on Friday, October 19th. Bank of America raised their target price on shares of Spirit Realty Capital from $8.00 to $8.25 and gave the stock a neutral rating in a report on Monday, September 10th. Finally, TheStreet upgraded shares of Spirit Realty Capital from a c rating to a b- rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $8.79.
WARNING: “Spirit Realty Capital (SRC) Releases FY 2018 Earnings Guidance” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/11/06/spirit-realty-capital-src-releases-fy-2018-earnings-guidance.html.
Spirit Realty Capital Company Profile
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 providing superior risk adjusted returns and steady dividend growth for our stockholders.
Featured Story: Bond
Receive News & Ratings for Spirit Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.