Spirit Realty Capital (NYSE: CBC – Get a rating) is expected to release its quarterly earnings data after the market closes on Tuesday, May 3. Analysts expect the company to report earnings of $0.84 per share for the quarter. Spirit Realty Capital has set its FY2022 guidance at $3,520-$3,580 EPS and its FY22 guidance at $3.52-$3.58 EPS. Investors wishing to listen to the company’s conference call can do so using this link.
Spirit Realty Capital (NYSE: CBC – Get a rating) last announced its results on Monday, February 14. The real estate investment trust reported EPS of $0.31 for the quarter, missing analyst consensus estimates of $0.81 per ($0.50). Spirit Realty Capital posted a net margin of 27.80% and a return on equity of 4.60%. The company posted revenue of $156.06 million for the quarter, versus analyst estimates of $156.35 million. During the same period of the previous year, the company achieved EPS of $0.74. Spirit Realty Capital’s revenues increased by 21.3% compared to the same quarter last year. On average, analysts expect Spirit Realty Capital to post EPS of $3 for the current fiscal year and EPS of $4 for the next fiscal year.
Shares of Spirit Realty Capital Stock opened at $45.69 on Tuesday. The company has a 50-day simple moving average of $46.21 and a two-hundred-day simple moving average of $46.99. Spirit Realty Capital has a 12-month low of $43.65 and a 12-month high of $52.29. The stock has a market capitalization of $5.84 billion, a P/E ratio of 33.60 and a beta of 1.27. The company has a debt ratio of 0.79, a current ratio of 0.15 and a quick ratio of 0.15.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 14. Shareholders of record on Thursday, March 31 received a dividend of $0.638 per share. The ex-dividend date was Wednesday, March 30. This represents a dividend of $2.55 on an annualized basis and a dividend yield of 5.59%. Spirit Realty Capital’s payout ratio is currently 187.50%.
In other news from Spirit Realty Capital, CAO Jay Young sold 19,037 shares of the company in a trade on Friday, February 25. The stock was sold at an average price of $46.38, for a total value of $882,936.06. The transaction was disclosed in a legal filing with the SEC, accessible via this link. 0.56% of the shares are held by insiders of the company.
Institutional investors have recently bought and sold shares of the company. Toroso Investments LLC acquired a new stake in Spirit Realty Capital in the fourth quarter valued at $203,000. Walleye Trading LLC acquired a new equity stake in Spirit Realty Capital during the fourth quarter worth approximately $268,000. Penserra Capital Management LLC increased its position in Spirit Realty Capital shares by 194.9% during the fourth quarter. Penserra Capital Management LLC now owns 6,098 shares of the real estate investment trust worth $293,000 after purchasing an additional 4,030 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new equity stake from Spirit Realty Capital during the fourth quarter valued at approximately $434,000. Finally, Cetera Investment Advisers increased its position in shares of Spirit Realty Capital by 24.9% during the fourth quarter. Cetera Investment Advisers now owns 9,578 shares of the real estate investment trust worth $462,000 after buying an additional 1,910 shares in the last quarter. Institutional investors hold 93.92% of the company’s shares.
A number of equity analysts have commented on SRC shares. StockNews.com began covering Spirit Realty Capital in a report on Thursday, March 31. They set a “holding” rating for the company. Zacks Investment Research upgraded Spirit Realty Capital from a “hold” rating to a “sell” rating in a Thursday, April 21 report. Janney Montgomery Scott upgraded Spirit Realty Capital from a “neutral” rating to a “buy” rating and raised its price target for the company from $52.00 to $53.00 in a Wednesday, January 12 report. Raymond James cut his price target on Spirit Realty Capital from $55.00 to $53.00 and set an “outperform” rating for the company in a Wednesday, Feb. 16 report. Finally, Jefferies Financial Group upgraded Spirit Realty Capital from a “buy” rating to a “hold” rating and lowered its price target for the company from $56.00 to $52.00 in a Monday 10 report. january. One equity research analyst gave the stock a sell rating, five issued a hold rating and five gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $52.80.
Spirit Realty Capital Company Profile (Get a rating)
Spirit Realty Capital, Inc (NYSE: SRC) is a leading net-lease REIT that invests primarily in single-tenant, operationally critical real estate assets, subject to long-term leases. As of September 30, 2020, our diversified portfolio of 1,778 owned properties, with a total leasable area of 37.2 million square feet in 48 states, included commercial, industrial and office properties leased to 296 tenants in 28 sale sectors. by retail.
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