Spirit Realty Capital (SRC) Stock Price, News & Analysis

Company Overview

Spirit Realty Capital, Inc. (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2023, our diverse portfolio consisted of 2,037 retail, industrial and other properties across 49 states, which were leased to 338 tenants operating in 37 industries. As of September 30, 2023, our properties were approximately 99.6% occupied.

Key Stats

• Today's Range: $42.15 to $43.67
• 50-Day Range: $42.31 to $45.25
• 52-Week Range: $32.22 to $45.60
• Volume: 45.11 million shs
• Average Volume: 4.28 million shs
• Market Capitalization: $5.98 billion
• P/E Ratio: 24.18
• Dividend Yield: 6.33%
• Price Target: $45.00
• Consensus Rating: Hold

Spirit Realty Capital Stock Analysis - MarketRank™

Spirit Realty Capital scored higher than 26% of companies evaluated by MarketBeat, and ranked 822nd out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Spirit Realty Capital has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Spirit Realty Capital has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.03%

Earnings Growth

Earnings for Spirit Realty Capital are expected to grow by 2.03% in the coming year, from $3.45 to $3.52 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Spirit Realty Capital is 24.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Spirit Realty Capital is 24.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.38.

Price to Book Value per Share Ratio

Spirit Realty Capital has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SRC.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Spirit Realty Capital is a leading dividend payer. It pays a dividend yield of 6.33%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Spirit Realty Capital does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Spirit Realty Capital is 153.14%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Spirit Realty Capital will have a dividend payout ratio of 76.14% in the coming year. This indicates that Spirit Realty Capital may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -2.38

Short Interest

There is no current short interest data available for SRC.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Spirit Realty Capital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.54% of the stock of Spirit Realty Capital is held by insiders.

Percentage Held by Institutions

96.09% of the stock of Spirit Realty Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SRC Stock Analysis - Frequently Asked Questions

How were Spirit Realty Capital's earnings last quarter?

Spirit Realty Capital, Inc. (NYSE:SRC) posted its quarterly earnings data on Monday, August, 7th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.50. Spirit Realty Capital's quarterly revenue was up .0% on a year-over-year basis.

When did Spirit Realty Capital's stock split?

Spirit Realty Capital's stock reverse split before market open on Thursday, December 13th 2018. The 1-5 reverse split was announced on Tuesday, November 13th 2018. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, December 12th 2018. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

What other stocks do shareholders of Spirit Realty Capital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Spirit Realty Capital investors own include Cenovus Energy (CVE), Crescent Point Energy (CPG), Enterprise Products Partners (EPD), Energy Transfer (ET), Medical Properties Trust (MPW), Exxon Mobil (XOM) and Realty Income (O).

Company Calendar

• Last Earnings: 8/07/2023
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Nonresidential building operators
• Sub-Industry: Diversified REITs
• Current Symbol: NYSE:SRC
• CUSIP: 84860F10
• CIK: 1308606
• Web: www.spiritrealty.com
• Phone: (972) 476-1900
• Fax: 800-973-0850
• Employees: 89
• Year Founded: 2003

Price Target and Rating

• Average Stock Price Target: $45.00
• High Stock Price Target: $45.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: +6.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.75
• Trailing P/E Ratio: 24.18
• Forward P/E Ratio: 12.26
• P/E Growth: N/A
• Net Income: $285.52 million
• Net Margins: 33.98%
• Pretax Margin: 34.46%
• Return on Equity: 5.83%
• Return on Assets: 2.97%

Debt

• Debt-to-Equity Ratio: 0.88
• Current Ratio: 0.80
• Quick Ratio: 0.80

Sales & Book Value

• Annual Sales: $709.63 million
• Price / Sales: 8.43
• Cash Flow: $4.21 per share
• Price / Cash Flow: 10.05
• Book Value: $31.47 per share
• Price / Book: 1.34

Miscellaneous

• Outstanding Shares: 141,330,000
• Free Float: 140,568,000
• Market Cap: $5.98 billion
• Optionable: Optionable
• Beta: 1.35