Spirit Realty Capital (NYSE: SRC) updated its earnings forecast for fiscal 2021 on Tuesday. The company reported earnings per share (EPS) of $ 3,240 to $ 3,300 for the period. The company gave a sales forecast of -.
A number of analysts have published reports on the company. Mizuho raised its price target for Spirit Realty Capital from USD 43.00 to USD 45.00 and gave the company a neutral rating in a research report on Monday, April 19. JPMorgan Chase & Co. raised its price target on shares of Spirit Realty Capital from USD 48.00 to USD 54.00 and rated the share as overweight in a research note on Tuesday, June 22nd. Raymond James raised his price target on Spirit Realty Capital shares from $ 50.00 to $ 55.00 and gave the stock an outperformance rating in a research note on Thursday, June 17th. Jefferies Financial Group set a price target of $ 48.63 on Spirit Realty Capital shares and gave the stock a buy rating in a research note on Friday, July 16. Finally, in a research note on Friday, Zacks Investment Research downgraded Spirit Realty Capital’s shares from a buy rating to a hold rating. Five analysts have given the share a hold rating and four have given it a buy rating. The company has a consensus rating of Hold and a consensus price target of $ 47.36.
SRC shares opened Tuesday at $ 50.65. The company has a current metric of 1.89, a fast metric of 1.89, and debt of 0.87. The fifty-day moving average price for the stock is $ 49.15. The company has a market cap of $ 6.03 billion, a P / E of 180.89, a P / E of 3.85, and a beta of 1.28. Spirit Realty Capital has a 12-month low of $ 29.40 and a 12-month high of $ 51.95.
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Spirit Realty Capital (NYSE: SRC) last released its earnings results on Tuesday, August 3rd. The Real Estate Investment Trust reported $ 0.74 EPS for the quarter, reaching the analysts’ consensus estimate of $ 0.74. Spirit Realty Capital had a net margin of 8.28% and a return on equity of 1.26%. As a group, equity analysts expect Spirit Realty Capital to generate earnings per share of 3.01 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Investors 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 annual dividend of $ 2.55 and a dividend yield of 5.04%. This is an increase from Spirit Realty Capital’s previous quarterly dividend of $ 0.63. Spirit Realty Capital’s payout ratio is currently 84.75%.
Spirit Realty Capital company profile
Spirit Realty Capital, Inc (NYSE: SRC) is a premier net lease REIT that primarily invests in essential single-tenant real estate assets that are subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 condominiums with total rental space of 37.2 million square feet in 48 states included retail, industrial and office buildings rented to 296 tenants across 28 retail sectors.
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