MARKET

SRC

SRC

Spirit Realty
NYSE

Real-time Quotes | Nasdaq Last Sale

37.74
+0.29
+0.77%
After Hours: 37.74 0 0.00% 16:20 11/25 EST
OPEN
37.40
PREV CLOSE
37.45
HIGH
38.21
LOW
36.92
VOLUME
821.80K
TURNOVER
--
52 WEEK HIGH
54.63
52 WEEK LOW
18.37
MARKET CAP
4.11B
P/E (TTM)
-431.8078
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Divided Nation Lifts REITs
U.S. equity markets surged by the most since April on an election week rally fueled by the mounting prospects of a divided government after the "Blue Wave" failed to materialize.Rebounding from their worst week since March, the S&P 500 surged by 7.2% this past week while the Dow Jones Industrial Average rallied by nearly 2,000 points.While the ultimate balance of power remains undetermined, a near-even split in both chambers of Congress reduces the possibilities for significant changes to tax or regulatory policy and suggests a "lower-for-longer" environment.Real estate equities delivered a fairly strong week despite underperformance from the COVID-sensitive property sectors. REITs jumped more than 4% while homebuilders surged nearly 7%.Apartment REITs were among the leaders after California voters rejected a rent control initiative. Cannabis REITs surged as several more states legalized marijuana. Two more REITs boosted dividends on a frenetic week of real estate earnings reports.
Seekingalpha · 11/09 13:00
Rents Paid, Dividends Raised: REIT Earnings Recap
Flying under-the-radar during Election season, a frenzy of real estate earnings reports over the last three weeks have provided critical information on the state of the commercial real estate sector.Roughly two-thirds of the 170 equity REITs in our coverage universe beat consensus FFO estimates while nearly two dozen REITs boosted full-year guidance compared to just one that lowered it.The wave of dividend cuts during the pandemic has been reversed. Eight REITs boosted their dividend above pre-pandemic rates, bringing the total to 39 equity REITs and 2 mortgage REITs.We did see some fireworks as well. Two troubled mall REITs filed for Chapter 11 bankruptcy protection as the pandemic finally pushed these struggling landlords over the edge.The bifurcation between "essential" and "non-essential" sectors widened. Residential REITs were the positive standouts this quarter on the resilient strength of the housing sector while retail REITs continue to stumble.
Seekingalpha · 11/06 13:00
Spirit Realty Capital, Inc. 2020 Q3 - Results - Earnings Call Presentation
The following slide deck was published by Spirit Realty Capital, Inc. in conjunction with their 2020 Q3 earnings call.
Seekingalpha · 11/03 19:39
Spirit Realty Drops 5% As 3Q Sales Miss Estimates; Street Says Hold
Shares of Spirit Realty Capital fell 4.5% in Monday's extended trading session after the company's 3Q sales fell short of analysts' expectations. The real estate investment trust's adjusted revenue grew 3.1% to $112.9 million, but missed Street estimates of $119.2 million.Spirit Realty’s (SRC) adjusted fund from operations (AFFO), a key measure of profitability, declined 17.2% to $0.72 per share, but exceeded analysts’ forecasts of $0.69.Spirit Realty CEO Jackson Hsieh said, "The third quarter marked a rapid, positive shift in our business, as our tenants reopened, rent collections accelerated and the capital markets became more constructive. Our portfolio has performed extremely well, with occupancy at 99.3% and rent collections reaching 93.3%, a strong affirmation of this team’s underwriting and the strength and stability of our well-diversified portfolio.” (See SRC stock analysis on TipRanks).Last month, UBS analyst Brent Dilts initiated coverage on the stock with a Sell rating and a price target of $27 (13.2% downside potential). Dilts is concerned about the company’s rent collection challenges and believes that the situation will likely persist for a longer time than anticipated by the Street.Currently, the Street is sidelined on the stock. The Hold analyst consensus is based on 2 Holds, 2 Buys and 1 Sell. The average price target of $34.50 implies upside potential of about 10.9% to current levels. Shares have dropped by 36.8% year-to-date.Related News: Magellan Tops 3Q Profit As Refined Products Demand Improves Twitter’s Ad Revenues Drive 3Q Sales Beat Clorox Hikes 2021 Guidance Due To Cleaning Bonanza; Shares Rise 4% More recent articles from Smarter Analyst: * AMC Sinks 8.5% On $47.7M Equity Offering; Street Sees 80% Upside * Nutrien Sinking 4% Despite Earnings Beat On Strong Potash Sales * Mondelez Beats Q3 Estimates On Elevated Demand In Developed Markets * Vornado Flips To Loss in 3Q; Street Sees 29% Upside
SmarterAnalyst · 11/03 06:41
Spirit Realty (SRC) Tops Q3 FFO Estimates
Spirit Realty (SRC) delivered FFO and revenue surprises of 4.35% and -5.26%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Zacks · 11/02 23:55
Spirit Realty Q3 adjusted FFO beats, collection rates improve
Spirit Realty Capital (SRC) Q3 adjusted FFO per share of 72 cents exceeds the 70-cent consensus estimate and declined from $1.27 in the year-ago quarter.Notes that rent collection rates are
Seekingalpha · 11/02 22:34
Spirit Realty Capital FFO misses by $0.11, misses on revenue
Spirit Realty Capital (SRC): Q3 FFO of $0.59 misses by $0.11.Revenue of $113.74M (-31.9% Y/Y) misses by $5.1M.Collected 90% of Q3 Base Rent and 93% of October 2020 Base Rent.Raised
Seekingalpha · 11/02 21:15
Spirit Realty Capital, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / November 2, 2020 / Spirit Realty Capital, Inc.
ACCESSWIRE · 11/02 20:15
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Forecast
EPSBVPSCFPS
Actual (USD)
Estimate (USD)
Income StatementMore
Net IncomeTotal RevenueOperating Income
Net Income (USD)
YoY (%)
Balance SheetMore
Total Assets (USD)
Total Liabilities (USD)
Debt to Asset (%)
Cash FlowMore
OperatingInvestingFinancing
Operating (USD)
YoY (%)
Learn about the latest financial forecast of SRC. Analyze the recent business situations of Spirit Realty through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 15 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average SRC stock price target is 40.46 with a high estimate of 46.00 and a low estimate of 34.00.
EPS
Institutional Holdings
Institutions: 464
Institutional Holdings: 128.52M
% Owned: 118.15%
Shares Outstanding: 108.78M
TypeInstitutionsShares
Increased
117
7.58M
New
59
-58.17K
Decreased
103
6.18M
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Key Executives
Chairman/Lead Director/Independent Director
Richard Gilchrist
President/Chief Executive Officer/Director
Jackson Hsieh
Chief Financial Officer/Executive Vice President
Michael Hughes
Executive Vice President/General Counsel/Secretary
Jay Young
Executive Vice President
Ken Heimlich
Independent Director
Kevin Charlton
Independent Director
Todd Dunn
Independent Director
Elizabeth Frank
Independent Director
Diana Laing
Independent Director
Sheli Rosenberg
Independent Director
Thomas Senkbeil
Independent Director
Nicholas Shepherd
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
08/31/2020
Dividend USD 0.625
09/29/2020
05/22/2020
Dividend USD 0.625
06/29/2020
03/03/2020
Dividend USD 0.625
03/30/2020
12/02/2019
Dividend USD 0.625
12/30/2019
08/27/2019
Dividend USD 0.625
09/27/2019
05/30/2019
Dividend USD 0.625
06/27/2019
03/04/2019
Dividend USD 0.625
03/28/2019
12/05/2018
Dividend USD 0.625
12/28/2018
08/30/2018
Dividend USD 0.125
09/27/2018
06/05/2018
Dividend USD 0.18
06/28/2018
--
Dividend USD 0.91
06/01/2018
03/05/2018
Dividend USD 0.18
03/28/2018
12/05/2017
Dividend USD 0.18
12/28/2017
09/15/2017
Dividend USD 0.18
09/28/2017
06/16/2017
Dividend USD 0.18
06/28/2017
05/16/2017
Dividend USD 0.18
03/29/2017
01/13/2017
Dividend USD 0.18
12/28/2016
11/03/2016
Dividend USD 0.175
09/28/2016
07/26/2016
Dividend USD 0.175
06/28/2016
03/15/2016
Dividend USD 0.175
03/29/2016
12/15/2015
Dividend USD 0.175
12/29/2015
09/18/2015
Dividend USD 0.17
09/28/2015
06/16/2015
Dividend USD 0.17
06/26/2015
03/16/2015
Dividend USD 0.17
03/27/2015
12/15/2014
Dividend USD 0.17
12/29/2014
09/17/2014
Dividend USD 0.166
09/26/2014
06/17/2014
Dividend USD 0.166
06/26/2014
03/18/2014
Dividend USD 0.166
03/27/2014
12/17/2013
Dividend USD 0.166
12/27/2013
09/11/2013
Dividend USD 0.002
09/26/2013
06/17/2013
Dividend USD 0.164
06/26/2013
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About SRC
Spirit Realty Capital, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company's in-house capabilities include acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting and capital markets. It operates through net leasing operations segment. It invests in single-tenant, operationally essential real estate throughout the United States, which is acquired through strategic sale-leaseback transactions and subsequently leased on a long-term, triple-net basis to high-quality tenants with business operations within predominantly retail, but also office and industrial property types. Single-tenant, operationally essential real estate consists of properties that are commercial real estate facilities where its tenants conduct activities that are essential to the generation of their sales and profits. Its operations are carried out through the Spirit Realty, L.P. (the Operating Partnership).
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