Spirit Realty Capital (NYSE:SRC) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.75-0.76 for the period, compared to the Thomson Reuters consensus estimate of $0.73. Spirit Realty Capital also updated its FY 2018 guidance to $0.75-0.76 EPS.
Several analysts have recently commented on the stock. TheStreet upgraded shares of Spirit Realty Capital from a c rating to a b- rating in a report on Wednesday, August 8th. ValuEngine upgraded shares of Spirit Realty Capital from a sell rating to a hold rating in a report on Thursday, August 2nd. Bank of America increased their target price on shares of Spirit Realty Capital from $8.00 to $8.25 and gave the company a neutral rating in a report on Monday, September 10th. Finally, Zacks Investment Research downgraded shares of Spirit Realty Capital from a hold rating to a sell rating in a report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $8.79.
Shares of SRC stock traded up $0.03 on Wednesday, hitting $8.14. The stock had a trading volume of 414,022 shares, compared to its average volume of 5,425,758. The company has a market cap of $3.34 billion, a P/E ratio of 9.58 and a beta of 0.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.53 and a quick ratio of 0.53. Spirit Realty Capital has a 12-month low of $7.34 and a 12-month high of $8.84.
Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Monday, November 5th. The real estate investment trust reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Spirit Realty Capital had a net margin of 14.77% and a return on equity of 3.42%. The company had revenue of $109.64 million during the quarter, compared to the consensus estimate of $101.43 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts expect that Spirit Realty Capital will post 0.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.50 dividend on an annualized basis and a yield of 6.14%. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 58.82%.
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About Spirit Realty Capital
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.
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