Spirit Realty Capital (SRC) Releases FY18 Earnings Guidance

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%.

COPYRIGHT VIOLATION NOTICE: “Spirit Realty Capital (SRC) Releases FY18 Earnings Guidance” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/11/07/spirit-realty-capital-src-releases-fy18-earnings-guidance.html.

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.

Read More: Balance Sheet

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.


Leave a Reply