Spirit Realty Capital, Inc. (NYSE: SRC) shares have been given a consensus rating of “Buy” by the twelve brokerage houses that currently cover the company, MarketBeat Ratings reports. Five research analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The average 1-year target price among brokers who rated the stock in the past year is $ 51.45.
SRC has been the subject of a number of research analyst reports. Raymond James raised his price target for Spirit Realty Capital from $ 50.00 to $ 55.00 and rated the stock as “outperform” in a report on Thursday, June 17th. Morgan Stanley raised its price target for Spirit Realty Capital from $ 45.00 to $ 49.00 and rated the company in a research report on Thursday 3. Zacks Investment Research listed Spirit Realty Capital in a research report on Saturday August 28th, downgraded from “Buy” to “Hold” rating. Truist Securities raised its price target for Spirit Realty Capital from $ 50.00 to $ 55.00 and rated the company as a “Buy” in a research report on Monday, August 16. Finally, Mizuho raised its price target for Spirit Realty Capital from $ 50.00 to $ 52.00 and rated the company as “neutral” in a research report on Tuesday, August 24th.
Several institutional investors recently changed their holdings in SRC. Brookfield Asset Management Inc. acquired a new stake in Spirit Realty Capital for $ 41,774,000 in the first quarter. BlackRock Inc. increased its stake in Spirit Realty Capital by 6.6% in the first quarter. BlackRock Inc. now owns 15,837,534 shares in the real estate investment trust valued at $ 673,095,000 after purchasing an additional 976,318 shares last quarter. Cbre Clarion Securities LLC increased its stake in Spirit Realty Capital by 117.4% in the second quarter. Cbre Clarion Securities LLC now owns 1,737,428 shares of the real estate investment trust valued at $ 83,119,000 after purchasing an additional 938,340 shares last quarter. Long Pond Capital LP increased its stake in Spirit Realty Capital by 45.2% in the second quarter. Long Pond Capital LP now owns 2,592,426 shares in the real estate investment trust valued at $ 124,022,000 after purchasing an additional 807,265 shares in the most recent quarter. Finally, Morgan Stanley increased its stake in Spirit Realty Capital by 102.6% in the second quarter. Morgan Stanley now owns 1,557,234 shares of the real estate investment trust valued at $ 74,499,000 after purchasing an additional 788,722 shares last quarter. 94.98% of the shares are owned by institutional investors and hedge funds.
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NYSE SRC shares opened at $ 52.03 on Thursday. The company has a market capitalization of $ 6.20 billion, a price to earnings ratio of 49.55, a PEG ratio of 3.00, and a beta of 1.28. Spirit Realty Capital has a 1-year low of $ 29.40 and a 1-year high of $ 52.29. The company has a debt of 0.78, a current ratio of 0.06, and a quick ratio of 0.06. The company has a 50-day moving average of $ 49.58 and a 200-day moving average of $ 46.71.
Spirit Realty Capital (NYSE: SRC) last released its quarterly results on Tuesday, August 3rd. The Real Estate Investment Trust reported $ 0.74 EPS for the quarter, meeting analysts’ consensus estimate of $ 0.74. Spirit Realty Capital had a return on equity of 3.84% and a net margin of 23.87%. Research analysts expect Spirit Realty Capital to report EPS 3.02 for the current financial year.
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 is a positive change from Spirit Realty Capital’s previous quarterly dividend of $ 0.63. This equates to an annualized dividend of $ 2.55 and a dividend yield of 4.90%. Spirit Realty Capital’s dividend payout ratio (DPR) is currently 84.75%.
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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