Spirit Realty Capital, Inc. (NYSE:SRC) is scheduled to be announcing its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Spirit Realty Capital has set its FY17 guidance at $0.80 - $0.84 EPS.
Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $163.19 million for the quarter, compared to the consensus estimate of $169.84 million. Spirit Realty Capital had a return on equity of 2.10% and a net margin of 13.28%. On average, analysts expect Spirit Realty Capital to post $0.22 EPS for the current fiscal year and $0.27 EPS for the next fiscal year.
Spirit Realty Capital, Inc. (NYSE SRC) opened at 7.87 on Monday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 43.72 and a beta of 0.53. Spirit Realty Capital, Inc. has a 12 month low of $6.64 and a 12 month high of $13.97. The company’s 50-day moving average price is $7.64 and its 200 day moving average price is $9.18.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.72 annualized dividend and a yield of 9.15%. Spirit Realty Capital’s payout ratio is 378.97%.
SRC has been the subject of several analyst reports. Morgan Stanley lowered shares of Spirit Realty Capital from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $11.50 to $8.40 in a research report on Tuesday, May 9th. Janney Montgomery Scott lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Ladenburg Thalmann Financial Services lowered shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. ValuEngine lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Mizuho upgraded shares of Spirit Realty Capital from an “underperform” rating to a “neutral” rating and set a $7.50 price target for the company in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Spirit Realty Capital presently has a consensus rating of “Hold” and a consensus price target of $11.53.
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In other news, insider Jackson Hsieh acquired 13,700 shares of the stock in a transaction dated Wednesday, May 24th. The stock was purchased at an average cost of $7.27 per share, with a total value of $99,599.00. Following the completion of the purchase, the insider now owns 546,053 shares in the company, valued at approximately $3,969,805.31. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Phillip D. Joseph, Jr. acquired 6,700 shares of the stock in a transaction dated Friday, June 2nd. The shares were purchased at an average cost of $7.47 per share, with a total value of $50,049.00. Following the completion of the purchase, the chief financial officer now owns 134,868 shares of the company’s stock, valued at approximately $1,007,463.96. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 43,800 shares of company stock valued at $321,378. Insiders own 0.50% of the company’s stock.
Spirit Realty Capital Company Profile
Spirit Realty Capital, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s operations are carried out through Spirit Realty, L.P. (the Operating Partnership). The Company invests in single-tenant, operationally essential real estate throughout the United States that is leased on a long-term, triple-net basis primarily to tenants engaged in retail, service and distribution industries.
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