Spirit Realty Capital, Inc. (SRC)
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]
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 StatementsAnalyst 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.
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).
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).
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...
These 8 Income Investments Pay Me Every Month
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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...
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...
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...
Spirit Realty Capital Shareholders Approve Realty Income Merger
SAN DIEGO & DALLAS--(BUSINESS WIRE)--Spirit Realty Capital Shareholders Approve Realty Income Merger.
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...
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...
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...
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...
Four Dividend Kings To Ring In The New Year
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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...
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...
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 ...
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.
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...
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...
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.
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...
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...
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.
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 ...