Spirit Realty Capital, Inc. (SRC)

January 22, 2024 - Spirit Realty Capital was acquired by Realty Income (O)
42.31
-0.67 (-1.56%)
Last trade price
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

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
3 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
3 months ago - PRNewsWire

Spirit Realty Capital Shareholders Approve Realty Income Merger

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

Other symbols: O
3 months 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
3 months ago - PRNewsWire

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
4 months ago - Business Wire

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...

4 months ago - GlobeNewsWire

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.

5 months ago - Business Wire

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
6 months ago - CNBC Television

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.

6 months ago - Business Wire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Spirit Realty Capital, Inc.

NEW YORK , Oct. 30, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Spirit Realty Capital, Inc. (NYSE: SRC) and its board of directors concerning the propo...

Other symbols: O
6 months ago - PRNewsWire

Realty Income Buys Spirit Realty Capital for About $9.3 Billion

Realty Income Corp. (O), a commercial real estate investment trust (REIT), said it would acquire a single-tenant specialized REIT, Spirit Realty Capital (SRC), in an all-stock transaction valued at ab...

Other symbols: O
6 months ago - Investopedia

Shareholder Alert: Ademi LLP investigates whether Spirit Realty Capital, Inc. has obtained a Fair Price in its transaction with Realty Income

MILWAUKEE , Oct. 30, 2023 /PRNewswire/ -- Ademi LLP is investigating Spirit Realty (NYSE: SRC) for possible breaches of fiduciary duty and other violations of law in its transaction with Realty Income...

6 months ago - PRNewsWire

Realty Income buys Spirit Realty: What does this buyout mean?

Realty Income (NYSE: O) stock price plunged hard on Monday after the company made a big acquisition. The shares crashed to a low of $47.83, the lowest level since July 2020.

Other symbols: O
6 months ago - Invezz

SRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Spirit Realty Capital, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Spirit Realty Capital, Inc. (NYSE: SRC) to Realty Income Corporation for 0.762 newly-issu...

6 months ago - Business Wire

Spirit Realty stock rallies on $9B buyout by Realty Income Corp.

Spirit Realty Capital Inc.'s stock SRC, -2.24% was up by 7% in premarket trading on Monday after it agreed to be acquired by Realty Income Corp. O, -1.59% in a deal that values the Dallas-based real e...

Other symbols: O
6 months ago - Market Watch

Realty Income to Acquire Spirit Realty Capital in $9.3 Billion Transaction

- Over 2.5% Accretion to Annualized AFFO per Share in All Stock, Leverage-Neutral Transaction - Complementary Real Estate Portfolio Enhances Size, Scale and Diversification to Expand Runway for Future...

Other symbols: O
6 months ago - PRNewsWire

Spirit Realty Capital, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call.

7 months ago - Business Wire

Daily Dividend Report: Martin Marietta Materials, Tyson Foods, Weyerhaeuser, J & J Snack Foods, Spirit Realty Capital

Daily Dividend Report: Martin Marietta Materials, Tyson Foods, Weyerhaeuser, J & J Snack Foods, Spirit Realty Capital

Other symbols: MLMTSNWYJJSF
9 months ago - Forbes

Spirit Realty Capital, Inc. Announces Increase in Common Stock Quarterly Dividend from $0.6630 per Share to $0.6696 per Share

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. Announces Increase in Common Stock Quarterly Dividend from $0.6630 per Share to $0.6696 per Share.

9 months ago - Business Wire

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

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

9 months ago - Business Wire

Spirit Realty Capital, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call.

10 months ago - Business Wire

Spirit Realty Capital, Inc. Releases 2022 Environmental, Social and Governance Report

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital Inc. Releases 2022 Environmental Social and Governance Report.

10 months ago - Business Wire

Do you need investment income? Here are 20 REIT stocks with dividends expected to be well supported through 2025.

Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put down...

11 months ago - Market Watch

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

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

1 year ago - Business Wire

Spirit Realty Capital, Inc. Schedules First Quarter 2023 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company"), a net-lease real estate investment trust ("REIT") that invests in single-tenant, operationally essential r...

1 year ago - Business Wire