Shares of Spirit Realty Capital, Inc (NYSE:SRC) have been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.20.

Several analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating on shares of Spirit Realty Capital in a research note on Friday, November 3rd. FBR & Co reaffirmed a “buy” rating on shares of Spirit Realty Capital in a research note on Friday, October 20th. Zacks Investment Research cut shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. ValuEngine cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Mizuho reiterated a “buy” rating and issued a $9.50 target price on shares of Spirit Realty Capital in a report on Thursday, December 21st.

A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its holdings in shares of Spirit Realty Capital by 15.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,800,567 shares of the real estate investment trust’s stock worth $13,343,000 after acquiring an additional 246,170 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Spirit Realty Capital by 1.4% in the 2nd quarter. Swiss National Bank now owns 808,273 shares of the real estate investment trust’s stock worth $5,989,000 after acquiring an additional 11,400 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Spirit Realty Capital by 15.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 25,233 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 3,400 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Spirit Realty Capital by 44.0% in the 2nd quarter. Teachers Advisors LLC now owns 3,673,628 shares of the real estate investment trust’s stock worth $27,222,000 after acquiring an additional 1,122,839 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Spirit Realty Capital by 19.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,731,140 shares of the real estate investment trust’s stock worth $20,238,000 after acquiring an additional 436,429 shares during the last quarter. Institutional investors own 92.63% of the company’s stock.

Shares of Spirit Realty Capital (NYSE SRC) traded down $0.03 during midday trading on Tuesday, reaching $8.10. 5,559,200 shares of the company traded hands, compared to its average volume of 5,047,633. Spirit Realty Capital has a one year low of $6.64 and a one year high of $11.28. The stock has a market cap of $3,690.00, a PE ratio of 90.00 and a beta of 0.17. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.59 and a current ratio of 0.59.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.18). Spirit Realty Capital had a net margin of 6.25% and a return on equity of 1.36%. research analysts anticipate that Spirit Realty Capital will post 0.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.18 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.72 annualized dividend and a yield of 8.89%. Spirit Realty Capital’s payout ratio is 800.00%.

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Spirit Realty Capital Company Profile

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.

Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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