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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.
  • Five stocks to consider instead of Spirit Realty Capital.

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Should You Invest $1,000 in Spirit Realty Capital Right Now?

Before you consider Spirit Realty Capital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spirit Realty Capital wasn't on the list.

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)N/A$42.31-1.6%6.33%24.18N/AN/A
Realty Income (O)
4.0485 of 5 stars		$56.07-0.3%5.73%53.40Hold$61.96
Simon Property Group (SPG)
3.9342 of 5 stars		$183.99+0.1%4.57%25.34Hold$178.44
Walgreens Boots Alliance (WBA)
4.1168 of 5 stars		$11.04-3.0%9.06%-1.08Reduce$12.63
Dollar Tree (DLTR)
4.0204 of 5 stars		$74.14-2.7%N/A-15.54Hold$85.58
BJ's Wholesale Club (BJ)
1.068 of 5 stars		$100.37-4.6%N/A24.13Moderate Buy$94.88
Dave & Buster's Entertainment (PLAY)
4.771 of 5 stars		$22.54-1.9%2.84%11.16Hold$51.43
Dollar General (DG)
4.8075 of 5 stars		$74.15-5.6%3.18%12.22Hold$96.77
At Home Group (HOME)N/A$36.99flatN/A14.74N/AN/A
3M (MMM)
4.2445 of 5 stars		$147.39+0.6%1.98%19.52Moderate Buy$148.87
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