Wall Street analysts expect Spirit Realty Capital, Inc. (NYSE: SRC) to generate revenue of $ 151.95 million for the current fiscal quarter, reports Zacks Investment Research. Five analysts have released estimates for Spirit Realty Capital’s earnings, with the highest revenue estimate at $ 164.70 million and the lowest estimate at $ 143.39 million. Spirit Realty Capital posted revenue of $ 112.92 million in the same quarter last year, which would represent a positive year-over-year growth rate of 34.6%. The company will announce its next earnings report after the market closes on Tuesday, November 2nd.
According to Zacks, analysts expect Spirit Realty Capital to report annual sales of $ 601.16 million for the current fiscal year, with estimates ranging between $ 564.97 million and $ 632.20 million. For the next fiscal year, analysts expect sales of 657.68 million US dollars, with estimates ranging between 584.90 million US dollars and 729.10 million US dollars. Zacks’ revenue calculations are an average based on a survey of sell-side research analysts covering Spirit Realty Capital.
Spirit Realty Capital (NYSE: SRC) last released its quarterly earnings data on Tuesday, August 3rd. The Real Estate Investment Trust reported $ 0.74 EPS for the quarter, reaching Zacks’ consensus estimate of $ 0.74. The company had revenue of $ 164.45 million for the quarter, compared to analyst estimates of $ 136.69 million. Spirit Realty Capital had a return on equity of 3.84% and a net margin of 23.87%.
A number of equity research analysts have rated the company. The Royal Bank of Canada took over coverage of Spirit Realty Capital in a report on Friday, September 17th. They issued a Sector Perform rating and a target price of $ 53.00 for the company. Truist Securities raised its price target on Spirit Realty Capital from $ 50.00 to $ 55.00 and gave the stock a “buy” rating in a report on Monday, August 16. TheStreet upgraded Spirit Realty Capital from a “c +” rating to a “b” rating in a report on Monday, August 9th. Zacks Investment Research upgraded Spirit Realty Capital from a “hold” rating to a “buy” rating and set a price target of $ 54.00 for the stock in a research report on Wednesday. Finally, Raymond James raised his price target for Spirit Realty Capital from USD 50.00 to USD 55.00 and rated the stock as “Outperform” in a research report on Thursday, June 17th. Five analysts have given the share a hold rating and six have given it a buy rating. The company currently has an average rating of “Buy” and a consensus price target of $ 50.15, according to MarketBeat.com.
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In other news, director Michelle M. Frymire bought 2,386 shares in the company in a transaction dated Wednesday, September 8th. The shares were acquired at an average price of $ 51.00 per share for a total value of $ 121,686.00. Following the transaction, the director now directly owns 4,772 shares in the company valued at $ 243,372. The purchase was disclosed in a document filed with the SEC, which is available on the SEC website. Company insiders hold 0.56% of the shares.
Large investors recently increased or decreased their stake in the stock. Brookstone Capital Management bought a new stake in Spirit Realty Capital for $ 276,000 in the second quarter. Schroder Investment Management Group bought a new stake in Spirit Realty Capital worth $ 200,000 in the first quarter. The Swiss National Bank increased its stake in Spirit Realty Capital by 6.5% in the first quarter. The Swiss National Bank now owns 248,554 real estate investment trust shares valued at $ 10,564,000 after purchasing an additional 15,200 shares during the reporting period. Harvest Fund Management Co. Ltd acquired a new stake in Spirit Realty Capital for $ 54,000 in the first quarter. Finally, Great West Life Assurance Co. Can increased its stake in Spirit Realty Capital by 1.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 117,864 shares in the real estate investment trust valued at $ 5,639,000 after purchasing an additional 1,637 shares during the period. Institutional investors own 96.78% of the company’s shares.
SRC shares opened at $ 47.39 on Friday. The company has a market cap of $ 5.64 billion, a P / E of 45.13, a PEG of 2.91, and a beta of 1.28. The stock has a 50-day simple moving average of $ 50.09 and a 200-day simple moving average of $ 47.79. The company has a debt of 0.78, a quick ratio of 0.06, and a current ratio of 0.06. Spirit Realty Capital has a 52-week low of $ 29.40 and a 52-week high of $ 52.29.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th, will receive a dividend of $ 0.638 per share. This equates to an annual dividend of $ 2.55 and a dividend yield of 5.39%. The ex-dividend date of this dividend is Wednesday September 29th. This is a boost from Spirit Realty Capital’s previous quarterly dividend of $ 0.63. Spirit Realty Capital’s payout ratio is currently 86.44%.
Spirit Realty Capital company profile
Spirit Realty Capital, Inc. is a holding company. His in-house skills include acquisition, portfolio management, asset management, credit research, real estate research, law, finance and accounting, and capital markets. The company was founded on August 14, 2003 and is headquartered in Dallas, TX.
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