Spirit Realty Capital, Inc. (NYSE: SRC) – Jefferies Financial Group’s equity researchers increased their fiscal 2022 EPS estimates for Spirit Realty Capital stocks in a research report released Thursday, October 14th. Jefferies Financial Group analyst L. Tsai now expects the real estate investment trust to post earnings of $ 3.37 per share for the year, up from its previous forecast of $ 3.36. Jefferies Financial Group currently has a “Buy” rating and a target price of $ 48.63 on the stock. 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 Thomson Reuters’ consensus estimate of $ 0.74. The company had revenue of $ 164.45 million for the quarter, compared to the consensus estimate of $ 136.69 million. Spirit Realty Capital had a net margin of 23.87% and a return on equity of 3.84%.
Several other research analysts have also recently commented on the stock. Truist Securities raised its price target on Spirit Realty Capital shares from $ 50.00 to $ 55.00 and gave the stock a “buy” rating in a report on Monday, August 16. Zacks Investment Research downgraded Spirit Realty Capital’s shares from a “buy” rating to a “hold” rating in a report dated Thursday, October 7th. TheStreet upgraded the shares of Spirit Realty Capital from a “c +” rating to a “b” rating in a report on Monday, August 9th. Truist raised its price target on Spirit Realty Capital stock from $ 50.00 to $ 55.00 and gave the stock a “Buy” rating in a research note on Monday, August 16. They discovered that the move was a call for evaluation. Eventually, Morgan Stanley raised its price target on Spirit Realty Capital stock from $ 49.00 to $ 55.00 and rated the stock Tuesday the 7th. Six analysts gave the stock a hold rating and five a buy rating . According to data from MarketBeat, the stock currently has an average “hold” rating and a consensus price target of $ 50.15.
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SRC opened at $ 48.40 on Friday. The company has a 50-day moving average of $ 49.63 and a 200-day moving average of $ 48.11. The company has a market capitalization of $ 5.76 billion, a P / E of 46.10, a price to earnings / growth ratio of 2.91, and a beta of 1.28. Spirit Realty Capital has a 12-month low of $ 29.40 and a 12-month high of $ 52.29. The company has a current metric of 0.06, a quick ratio of 0.06 and debt of 0.78.
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. The ex-dividend date of this dividend is Wednesday September 29th. This equates to an annualized dividend of $ 2.55 and a dividend yield of 5.27%. This is an increase from Spirit Realty Capital’s previous quarterly dividend of $ 0.63. Spirit Realty Capital’s dividend payout ratio (DPR) is 86.44%.
In related news, director Michelle M. Frymire acquired 2,386 shares of the stock in a transaction dated Wednesday, September 8th. The shares were acquired at an average price of $ 51.00 per share for a total transaction of $ 121,686.00. Following the transaction, the director now owns 4,772 shares in the company valued at approximately $ 243,372. The acquisition was announced in a filing with the SEC, which is available on the SEC website. Company insiders own 0.56% of the company’s shares.
Several institutional investors and hedge funds have recently changed their positions in the company. Amundi Pioneer Asset Management Inc. increased its position in Spirit Realty Capital by 143.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 152,138 shares in the real estate investment trust valued at $ 6,045,000 after purchasing an additional 89,560 shares during the period. The Teacher Retirement System of Texas increased its position in Spirit Realty Capital by 22.2% in Q1. Teacher Retirement System of Texas now owns 11,488 shares of the real estate mutual fund, valued at $ 488,000, after acquiring an additional 2,084 shares during the period. Acadian Asset Management LLC acquired a new position in Spirit Realty Capital in the first quarter valued at approximately $ 118,000. Panagora Asset Management Inc. increased its stake in Spirit Realty Capital by 95.1% in the first quarter. Panagora Asset Management Inc. now owns 5,774 shares in the real estate investment trust valued at $ 245,000 after purchasing an additional 2,814 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Spirit Realty Capital by 3.2% in the first quarter. Geode Capital Management LLC now owns 1,679,644 shares of the real estate investment trust valued at $ 71,384,000 after purchasing an additional 51,499 shares last quarter. 96.78% of the shares are currently owned by hedge funds and other institutional investors.
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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