Spirit Realty Capital, Inc. (NYSE:SRC) will 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 analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $163.19 million for the quarter, compared to analyst estimates 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 $0.8 EPS for the current fiscal year and $0.8 EPS for the next fiscal year.
Shares of Spirit Realty Capital, Inc. (SRC) opened at 7.86 on Tuesday. The company’s 50 day moving average is $7.57 and its 200-day moving average is $9.24. Spirit Realty Capital, Inc. has a 12 month low of $6.64 and a 12 month high of $13.97. The firm has a market cap of $3.80 billion, a PE ratio of 43.67 and a beta of 0.53.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors 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 9.16%. Spirit Realty Capital’s dividend payout ratio is 378.97%.
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In related news, insider Jackson Hsieh bought 13,400 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was purchased at an average price of $7.45 per share, with a total value of $99,830.00. Following the completion of the acquisition, the insider now owns 559,453 shares of the company’s stock, valued at $4,167,924.85. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Phillip D. Joseph, Jr. bought 6,700 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was bought at an average cost of $7.47 per share, with a total value of $50,049.00. Following the acquisition, the chief financial officer now directly 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. Insiders bought 43,800 shares of company stock valued at $321,378 in the last three months. Company insiders own 0.50% of the company’s stock.
Several equities research analysts recently weighed in on SRC shares. J P Morgan Chase & Co cut shares of Spirit Realty Capital from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $13.00 to $9.00 in a research report on Thursday, May 4th. Janney Montgomery Scott cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Mizuho cut shares of Spirit Realty Capital from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 4th. Ladenburg Thalmann Financial Services cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Finally, Sandler O’Neill cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating and cut their price objective for the stock from $13.00 to $9.00 in a research report on Thursday, May 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $11.53.
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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