Spirit Realty Capital, Inc. (SRC)

January 22, 2024 - Spirit Realty Capital was acquired by Realty Income (O)
42.31
-0.67 (-1.56%)
Inactive · Last trade price on Jan 22, 2024
2.45%
Market Cap 5.99B
Revenue (ttm) 754.36M
Net Income (ttm) 248.55M
Shares Out 141.55M
EPS (ttm) 1.75
PE Ratio 24.18
Forward PE 30.58
Dividend $2.68 (6.33%)
Ex-Dividend Date Dec 27, 2023
Volume 26,930,690
Open 43.14
Previous Close 42.98
Day's Range 42.15 - 43.67
52-Week Range 32.22 - 45.60
Beta 1.38
Analysts Hold
Price Target 41.56 (-1.77%)
Earnings Date Feb 27, 2024

About SRC

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. [Read more]

Sector Real Estate
IPO Date Dec 16, 2004
Employees 89
Stock Exchange NYSE
Ticker Symbol SRC
Full Company Profile

Financial Performance

In 2022, SRC's revenue was $709.63 million, an increase of 16.64% compared to the previous year's $608.39 million. Earnings were $275.17 million, an increase of 70.54%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for SRC stock is "Hold." The 12-month stock price forecast is $41.56, which is a decrease of -1.77% from the latest price.

Price Target
$41.56
(-1.77% downside)
Analyst Consensus: Hold
Stock Forecasts

News

CORRECTING and REPLACING Professors from Georgia Tech and University of Michigan to be Honored for Excellence in Semiconductor Research

RALEIGH, N.C.--(BUSINESS WIRE)-- #connectinginnovators--SRC and SIA announce winners of 2024 University Research Awards, Prof. Suman Datta (Ga Tech) and Prof. Michael Flynn (Univ. Michigan).

5 weeks ago - Business Wire

Professors from Georgia Tech and University of Michigan to be Honored for Excellence in Semiconductor Research

RALEIGH, N.C.--(BUSINESS WIRE)-- #connectinginnovators--SRC and SIA announce winners of 2024 University Research Awards, Prof. Suman Datta (Ga Tech) and Prof. Michael Flynn (Univ. Michigan).

6 weeks ago - Business Wire

Realty Income: Acquisition Of Spirit Realty Boosts Growth Prospects

Since our last analysis, Realty Income has delivered a 17.2% return and completed its merger with Spirit Realty Capital. As the interest rate environment transitions to a rate-cutting cycle, the compa...

Other symbols: O
2 months ago - Seeking Alpha

These 8 Income Investments Pay Me Every Month

I am a fan of monthly dividends, because they provide income stability and slightly increase the speed of compounding. I highlight eight monthly dividend payers that I consider to be high-quality inve...

11 months ago - Seeking Alpha

Realty Income Announces 2023 Dividend Tax Allocation for Realty Income Corporation and Spirit Realty Capital, Inc.

SAN DIEGO , Jan. 26, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the final calculation of the dividend tax status for its 20...

Other symbols: O
11 months ago - PRNewsWire

Realty Income Closes Merger with Spirit Realty Capital

SAN DIEGO , Jan. 23, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, has closed on the previously announced merger with Spirit Realty Capital, I...

Other symbols: O
11 months ago - PRNewsWire

Realty Income Balloons With Spirit Realty Takeover

Spirit Realty Capital shareholders have approved the merger deal. The deal is expected to be positive for Realty Income and will result in sizable AFFO per share accretion. The merger will diversify R...

Other symbols: O
1 year ago - Seeking Alpha

Spirit Realty Capital Shareholders Approve Realty Income Merger

SAN DIEGO & DALLAS--(BUSINESS WIRE)--Spirit Realty Capital Shareholders Approve Realty Income Merger.

Other symbols: O
1 year ago - Business Wire

e.l.f. Beauty Set to Join S&P MidCap 400; Peabody Energy to Join S&P SmallCap 600

NEW YORK, Jan. 17, 2024 /PRNewswire/ -- e.l.f. Beauty Inc. (NYSE: ELF) will replace Spirit Realty Capital Inc. (NYSE: SRC) in the S&P MidCap 400, and Peabody Energy Corp. (NYSE:BTU) will replace e.l.f...

Other symbols: BTUELFO
1 year ago - PRNewsWire

The Virtuous Cycle: Why I Love 'Expensive' REITs

Investing in REITs primarily for high income can be risky as higher yields often correspond with higher risk. REITs with a low cost of capital can buy higher quality properties, while those with a hig...

1 year ago - Seeking Alpha

SPIRIT REALTY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Spirit Realty Capital, Inc. - SRC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Spirit Realty Ca...

Other symbols: O
1 year ago - Business Wire

Spirit Realty Capital: Time To Exit Realty Income (Rating Downgrades)

REITs faced challenges in 2023 but rebounded late in the year. The bull thesis for REITs includes attractive valuations, fading interest rate headwinds, and a moderately strong macro environment. We d...

Other symbols: O
1 year ago - Seeking Alpha

Four Dividend Kings To Ring In The New Year

With a new year here at last, investors should be reflecting on the past and looking to the future. For those focused on building a portfolio of dividend-paying equities, there are a number of firms o...

Other symbols: BTIEPDETMOMPLXNNNO
1 year ago - Seeking Alpha

Who's Ready For A Santa Claus REIT Rally?

REIT stock prices have been struggling, but I believe a REIT rally is on the horizon. Some experts speculate that the Santa Claus rally has already happened. In this article, I will reveal three of my...

Other symbols: AMTDLROVNQ
1 year ago - Seeking Alpha

KBW Announces Index Rebalancing for Fourth-Quarter 2023

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

1 year ago - GlobeNewsWire

Top 2024 Picks From Beaten Down Sectors To Create Passive Dividend Income

Treasury Rates receded in November, leading to a rebound in equities, particularly in interest rate-sensitive sectors like utilities and real estate. The market anticipates that the Fed will maintain ...

Other symbols: CAGMDLZNEEORSPWECXLRE
1 year ago - Seeking Alpha

Dear Santa: All I Want For Christmas Are A Few Good REITs

I decided to write Santa a letter this year. Hopefully, he will put me on the nice list (as opposed to the naughty list). I would love to find out what's on your list?

Other symbols: ADCAREMAAOPLDREXR
1 year ago - Seeking Alpha

Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. Announces Quarterly Cash Dividend for Common and Preferred Stock.

1 year ago - Business Wire

REIT Dividends: The Gift That Keeps On Giving

I plan to give my children shares in real estate investment trusts as a Christmas gift to jump-start generational wealth. I recommend Realty Income, American Tower, Agree Realty, VICI Properties, MidA...

Other symbols: ADCAMTCCIMAAOPLDVICI
1 year ago - Seeking Alpha

Let's Talk Turkey Plus 5 Great REIT Treats!

Thanksgiving is typically associated with indulgent and unhealthy food choices. Diversification is important in your investment portfolio, just as it is in your diet. Real estate investment trusts can...

Other symbols: AREEXROREXRVICI
1 year ago - Seeking Alpha

Here's why Realty Income is buying Spirit Realty in an all-stock deal

Sumit Roy, Realty Income CEO, joins 'Power Lunch' to discuss the company's portfolio, why the acquisition of Spirit Realty is highly complimentary, and more.

Other symbols: O
1 year ago - CNBC Television

Realty Income: All-In After Spirit Realty Capital Merger

Realty Income Corporation is set to acquire Spirit Realty Capital Inc., causing Spirit Realty Capital's stock price to surge 8%. Realty Income's stock price fell 6% due to the transaction risk, but th...

Other symbols: O
1 year ago - Seeking Alpha

Realty Income Buys Spirit: More Proof That Value Matters

Realty Income Corporation's acquisition of Spirit Realty Capital, Inc. received a negative market reaction, causing a drop in Realty Income's stock price. The acquisition is done in all stock and is i...

Other symbols: O
1 year ago - Seeking Alpha

Spirit Realty Capital, Inc. Announces Third Quarter of 2023 Financial and Operating Results

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. Announces Third Quarter of 2023 Financial and Operating Results.

1 year ago - Business Wire

REIT Merger Standoff: Spirit Realty The Clear Winner With A Low Risk Potential 18.5% Return

Spirit Realty shares merging with their fixed exchange ratio of 0.762x and Realty Income shares returning to their pre-merger AFFO multiple of 12.3x provides for an 18.5% total return potential. $1.8 ...

1 year ago - Seeking Alpha