Spirit Realty Capital (SRC) will release its results on Tuesday
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.
Get news and reviews for Spirit Realty Capital Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Spirit Realty Capital and related companies with MarketBeat.com’s free daily email newsletter.