Equities research analysts expect Spirit Realty Capital, Inc (NYSE:SRC) to announce earnings of $0.22 per share for the current quarter, according to Zacks. Five analysts have provided estimates for Spirit Realty Capital’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.22. Spirit Realty Capital reported earnings of ($0.03) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 833.3%. The business is expected to issue its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Spirit Realty Capital will report full-year earnings of $0.82 per share for the current year, with EPS estimates ranging from $0.79 to $0.86. For the next year, analysts expect that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.83 to $0.87. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Spirit Realty Capital.

SRC has been the subject of a number of recent research reports. SunTrust Banks reiterated a “hold” rating and set a $8.50 price target on shares of Spirit Realty Capital in a report on Friday, November 3rd. FBR & Co reiterated a “buy” rating on shares of Spirit Realty Capital in a report on Friday, October 20th. Mizuho reiterated a “buy” rating and set a $9.50 price target on shares of Spirit Realty Capital in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Thursday, October 12th. Finally, Deutsche Bank reiterated a “buy” rating and set a $11.00 price target on shares of Spirit Realty Capital in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Spirit Realty Capital currently has an average rating of “Hold” and a consensus target price of $9.51.

Hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System lifted its position in Spirit Realty Capital by 49.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 591,951 shares of the real estate investment trust’s stock valued at $4,386,000 after buying an additional 196,710 shares in the last quarter. Gruss Capital Management LP lifted its position in shares of Spirit Realty Capital by 56.1% during the third quarter. Gruss Capital Management LP now owns 7,375,000 shares of the real estate investment trust’s stock worth $63,204,000 after purchasing an additional 2,650,000 shares in the last quarter. First Allied Advisory Services Inc. lifted its position in shares of Spirit Realty Capital by 77.0% during the second quarter. First Allied Advisory Services Inc. now owns 63,452 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 27,594 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Spirit Realty Capital during the second quarter worth $434,000. Finally, Orinda Asset Management LLC lifted its position in shares of Spirit Realty Capital by 42.0% during the third quarter. Orinda Asset Management LLC now owns 161,447 shares of the real estate investment trust’s stock worth $1,384,000 after purchasing an additional 47,775 shares in the last quarter. 92.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Spirit Realty Capital (SRC) opened at $8.39 on Thursday. The company has a market cap of $3,820.42, a PE ratio of 93.22 and a beta of 0.57. Spirit Realty Capital has a twelve month low of $6.64 and a twelve month high of $11.29. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.19.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.72 dividend on an annualized basis and a yield of 8.58%. Spirit Realty Capital’s dividend payout ratio (DPR) is 800.00%.

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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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