According to Bloomberg Ratings, the eleven different research companies that track Spirit Realty Capital, Inc. (NYSE: SRC) have given the stock a rating of “Moderate Buy” as the consensus recommendation for the investment. Five research analysts have assigned a hold recommendation to the stock, while the same number of analysts have assigned a buy rating to the company. The majority of analysts who have updated their coverage of the stock in the past year have a one-year price projection of $48.90 as the average for the stock. On SRC, various scientific investigations of varying kinds have been carried out. In a research report published on June 1st, Truist Financial indicated that the target price they have established for Spirit Realty Capital has decreased from $56.00 to $52.00. A recommendation to “buy” was also included in the report for the company. In research released on July 12th, Morgan Stanley rated the stock as “equal weight” and lowered their price objective for Spirit Realty Capital from $50.00 to $40.00. The study also stated that they had an “equal weight” recommendation for the stock. In a report that was made public on Friday, July 8th, Raymond James lowered their target price for Spirit Realty Capital from $48.0 to $46,000. The previous target price was $48.0. Despite this modification, Raymond James has not revised the “outperform” rating they gave the company.
In research published on the 30th of June, Jefferies Financial Group assigned a “hold” rating to the firm and lowered their target price for Spirit Realty Capital from $44.00 to $40.00. The report also gave the company a “hold” rating. In a report that was made public on July 25th, UBS Group announced that they had lowered their price objective on Spirit Realty Capital from $50.00 to $45.00 and given the business a “neutral” rating. On Monday, NYSE: SRC began trading at $41.61. The firm is currently valued at $5.67 billion, which can be attributed to several factors, including its price-to-earnings ratio of 24.77, its EPS growth rate of 6.86, and its beta of 1.26. The company’s current ratio is 0.15, its quick ratio is also 0.15, and its debt-to-equity ratio is 0.82. All three ratios are equal. In addition to that, the quick ratio for the company is 0.15. Spirit Realty Capital reached a top of $50.9 over the past 52 weeks, while it hit a low of $35.79 over the same period. The company’s current price is $41.95 and $42.75 above its simple 50-day and 200-day moving averages, respectively. This places it in an extremely bullish position. On Wednesday, August 3, 2013, Spirit Realty Capital (NYSE: SRC) released its most recent quarterly results report. This report covered the period ending June 30, 2013. Earnings per share for the quarter for the real estate investment trust came in at $0.60, which was $0.25 less than the average forecast of $0.85. In spite of the fact that market observers forecasted that the company would bring in sales of $172.40 million during the quarter, the actual amount of sales it brought in was $173.56 million.
Spirit Realty Capital had a return on equity of 5.52% and a net margin of 33.97% for the company overall. For the current financial year, equity research specialists anticipate that Spirit Realty Capital will be able to generate an average of $3.45 in earnings per share for the company. This is according to the predictions that have been supplied. In addition, the company has recently announced that it will be distributing a quarterly dividend on Friday, October 14th. The dividend was declared during the most recent earnings report. Shareholders registered to receive dividends as of the 30th of September will receive a payment of $0.663 per share. This represents an increase over the prior distribution amount of $0.64 made by Spirit Realty Capital every quarter. Thursday, September 29, is the last day dividends will be distributed before they are discontinued altogether. This provides a return of 6.37 percent and a dividend payment of 2.65 dollars per year. The payout ratio for Spirit Realty Capital came in at 151.79 percent after being calculated. In the most recent few months, many institutional investors, such as hedge funds, have either increased or decreased the number of shares of the company’s stock they are now holding. Lazard Asset Management LLC increased its stake in Spirit Realty Capital by 17.6% by purchasing additional shares during the fourth quarter. Lazard Asset Management LLC has recently increased its holdings in the real estate investment trust by purchasing an additional 223 shares for a total investment of $71,000, increasing the total number of shares it currently possesses in the REIT to 1,489.
Parallel Advisors LLC successfully increased its holdings of shares that Spirit Realty Capital issued by 24.5% throughout the second quarter. Due to the purchase of an additional 242 shares during the most recent quarter, Parallel Advisors LLC now holds 1,230 shares of the real estate investment trust. This brings the total number of shares held by the company to 1,230. The price these shares currently fetch on the market is $46,000. In the first three months of 2018, Marcum Wealth LLC was successful in increasing the percentage of Spirit Realty Capital securities that it owned by 5.3%. After making a new acquisition of 301 shares during the most recent quarter, Marcum Wealth LLC now owns 6,031 shares of the real estate investment trust. Based on the current market price, the business is worth $278,000 in assets (as of the last filing). During the first three months of 2018, Adams Wealth Management completed a 3.0% increase in the proportion of its portfolio comprised of shares of Spirit Realty Capital. At the close of the most recent fiscal quarter, Adams Wealth Management owned 11,073 shares of the real estate investment trust’s stock, with a value of $510,000. Compared to the previous quarter, this represents a rise of 318 shares. And finally, during the second quarter, Commonwealth Equity Services LLC increased the percentage of ownership in Spirit Realty Capital that it already held by 1.8%. Following the acquisition of the extra 320 shares, Commonwealth Equity Services LLC now controls a total of 18,527 shares of stock in the real estate investment trust. The current value of these shares is $699,000 dollars.
The majority of the company’s shares, or 96.37 percent, are owned by hedge funds and other types of institutional investors. Most Spirit Realty Capital, Inc.’s (NYSE: SRC) investments are made in commercial real estate structures that are of strategic importance and are leased to a single tenant for an extended period. Spirit Realty Capital, Inc. is a top net-lease real estate investment trust. As of the 30th of September in the year 2020, we owned a diversified portfolio that included 1,778 owned buildings that were located in each of the 48 states. These properties had a total rentable area of 37,2 million square feet, and 296 tenants spread over 28 different retail businesses rented space in them.