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

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Thursday, October 12th. FBR & Co restated a “buy” rating on shares of Spirit Realty Capital in a research report on Friday, October 20th. Deutsche Bank restated a “buy” rating and set a $11.00 target price on shares of Spirit Realty Capital in a research report on Friday, October 20th. Mizuho set a $9.00 target price on shares of Spirit Realty Capital and gave the company a “buy” rating in a research report on Sunday, October 22nd. Finally, SunTrust Banks restated a “hold” rating and set a $8.50 target price on shares of Spirit Realty Capital in a research report on Friday, November 3rd.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arete Wealth Advisors LLC increased its holdings in Spirit Realty Capital by 12.5% in the second quarter. Arete Wealth Advisors LLC now owns 16,583 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 1,838 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Spirit Realty Capital by 123.3% in the second quarter. Harvest Fund Management Co. Ltd now owns 16,662 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 9,200 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Spirit Realty Capital by 122.9% in the third quarter. Advisors Asset Management Inc. now owns 18,571 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 10,241 shares in the last quarter. Profund Advisors LLC increased its holdings in Spirit Realty Capital by 26.0% in the second quarter. Profund Advisors LLC now owns 23,932 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 4,938 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in Spirit Realty Capital by 15.6% in the second quarter. Oppenheimer & Co. Inc. now owns 25,233 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 3,400 shares in the last quarter. 92.63% of the stock is owned by institutional investors.

Spirit Realty Capital (NYSE:SRC) traded down $0.03 during trading hours on Tuesday, hitting $8.10. 5,559,200 shares of the stock traded hands, compared to its average volume of 5,047,633. Spirit Realty Capital has a 1-year low of $6.64 and a 1-year high of $11.28. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $3,690.00, a P/E ratio of 90.00 and a beta of 0.17.

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

The company also recently disclosed 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 dividend on an annualized basis and a yield of 8.89%. Spirit Realty Capital’s payout ratio 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.

Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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