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MarketBeat ‘Stock of the Week’: Spirit Realty deal rattles REITs

Written by MarketBeat Staff
November 6, 2023

Key Points

  • Realty Income announced a plan to merge with Spirit Realty in a $9.3 billion all-stock deal that would combine two of the country’s largest real estate financing groups.
  • The timing of the deal coincided well with last week’s Fed decision to keep benchmark interest rates as they are, offering a big sigh of relief for REIT shareholders.
  • Truist reiterated its buy rating for Spirit Realty and gave a revised $45.00 price target, while other revised Wall Street targets are in the low $40’s post-announcement.
  • 5 stocks we like better than Spirit Realty Capital.

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Should you invest $1,000 in Spirit Realty Capital right now?

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While Spirit Realty Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Spirit Realty Capital (SRC)
1.2842 of 5 stars		$42.31-1.6%6.33%24.18Hold$45.00
Realty Income (O)
4.5747 of 5 stars		$57.39+0.9%5.51%54.66Hold$63.85
Simon Property Group (SPG)
4.4793 of 5 stars		$181.80+0.5%4.51%24.21Hold$162.78
Walgreens Boots Alliance (WBA)
4.1851 of 5 stars		$8.30+0.7%12.05%-0.83Reduce$12.88
Dollar Tree (DLTR)
4.5045 of 5 stars		$65.76+4.1%N/A-13.48Hold$87.95
BJ's Wholesale Club (BJ)
2.4305 of 5 stars		$92.79+8.3%N/A23.43Moderate Buy$90.07
Dave & Buster's Entertainment (PLAY)
4.2586 of 5 stars		$34.10-0.4%N/A12.45Moderate Buy$62.57
Dollar General (DG)
4.9565 of 5 stars		$73.92+0.9%3.19%11.48Hold$104.00
At Home Group (HOME)
0.1406 of 5 stars		$36.99flatN/A14.74N/AN/A
3M (MMM)
4.8667 of 5 stars		$127.32-0.4%2.20%16.08Moderate Buy$144.87
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