Spirit Realty Capital, Inc (NYSE:SRC) announced a quarterly dividend on Thursday, March 16th. Stockholders of record on Friday, March 31st will be given a dividend of 0.18 per share by the real estate investment trust on Friday, April 14th. This represents a $0.72 annualized dividend and a dividend yield of 7.16%. The ex-dividend date of this dividend is Wednesday, March 29th.
Shares of Spirit Realty Capital (NYSE:SRC) opened at 10.06 on Tuesday. The stock’s 50 day moving average is $10.55 and its 200 day moving average is $11.28. Spirit Realty Capital has a 52-week low of $9.97 and a 52-week high of $13.97. The firm has a market capitalization of $4.87 billion, a PE ratio of 48.83 and a beta of 0.52.
Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.08 by $0.13. The company earned $173.40 million during the quarter, compared to analysts’ expectations of $162.91 million. Spirit Realty Capital had a net margin of 16.77% and a return on equity of 3.17%. Spirit Realty Capital’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, equities research analysts forecast that Spirit Realty Capital will post $0.33 EPS for the current year.
SRC has been the subject of several recent analyst reports. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Spirit Realty Capital in a research note on Tuesday, March 21st. TheStreet cut shares of Spirit Realty Capital from a “b-” rating to a “c+” rating in a research note on Wednesday, March 15th. Zacks Investment Research raised shares of Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Friday, March 3rd. Mizuho cut shares of Spirit Realty Capital from a “buy” rating to a “neutral” rating and set a $10.50 price target for the company. in a research note on Friday, December 16th. Finally, FBR & Co started coverage on shares of Spirit Realty Capital in a research note on Wednesday, January 4th. They issued an “outperform” rating and a $13.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $13.78.
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About Spirit Realty Capital
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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