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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.
  • Interested in Spirit Realty Capital? Here are five stocks we like better.

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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.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Spirit Realty Capital (SRC)
1.4853 of 5 stars		$42.31-1.6%6.33%24.18N/AN/A
Realty Income (O)
4.532 of 5 stars		$55.25+1.1%5.74%52.62Hold$62.12
Simon Property Group (SPG)
4.1405 of 5 stars		$175.88+1.0%4.78%23.42Hold$172.10
Walgreens Boots Alliance (WBA)
4.2571 of 5 stars		$11.37-9.2%8.80%-1.11Reduce$13.27
Dollar Tree (DLTR)
3.8042 of 5 stars		$73.76+2.3%N/A-15.46Hold$85.58
BJ's Wholesale Club (BJ)
2.4768 of 5 stars		$97.37+2.4%N/A23.41Moderate Buy$94.00
Dave & Buster's Entertainment (PLAY)
4.7811 of 5 stars		$26.50+10.1%N/A13.12Hold$52.25
Dollar General (DG)
4.9412 of 5 stars		$71.88+5.0%3.28%11.84Hold$97.27
At Home Group (HOME)
0.2505 of 5 stars		$36.99flatN/A14.74N/AN/A
3M (MMM)
4.3029 of 5 stars		$146.86+4.1%1.91%18.54Moderate Buy$144.13
Compare These Stocks  Add These Stocks to My Watchlist 

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