Equities research analysts forecast that Spirit Realty Capital, Inc (NYSE:SRC) will announce $0.22 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Spirit Realty Capital’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.21. Spirit Realty Capital posted earnings of $0.21 per share in the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The firm is scheduled to issue its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Spirit Realty Capital will report full-year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.79 to $0.86. For the next year, analysts anticipate that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.83 to $0.87. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Spirit Realty Capital.
Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.02 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%.
A number of hedge funds have recently modified their holdings of SRC. Long Pond Capital LP lifted its holdings in Spirit Realty Capital by 101.0% in the 3rd quarter. Long Pond Capital LP now owns 14,989,473 shares of the real estate investment trust’s stock worth $128,460,000 after buying an additional 7,530,599 shares during the period. Monarch Alternative Capital LP lifted its holdings in Spirit Realty Capital by 19.2% in the 3rd quarter. Monarch Alternative Capital LP now owns 11,730,897 shares of the real estate investment trust’s stock worth $100,534,000 after buying an additional 1,891,100 shares during the period. State Street Corp lifted its holdings in Spirit Realty Capital by 2.4% in the 2nd quarter. State Street Corp now owns 9,684,420 shares of the real estate investment trust’s stock worth $71,759,000 after buying an additional 223,928 shares during the period. V3 Capital Management L.P. lifted its holdings in Spirit Realty Capital by 96.9% in the 2nd quarter. V3 Capital Management L.P. now owns 9,642,585 shares of the real estate investment trust’s stock worth $71,452,000 after buying an additional 4,745,800 shares during the period. Finally, Gruss Capital Management LP lifted its holdings in Spirit Realty Capital by 56.1% in the 3rd quarter. Gruss Capital Management LP now owns 7,375,000 shares of the real estate investment trust’s stock worth $63,204,000 after buying an additional 2,650,000 shares during the period. Institutional investors own 92.63% of the company’s stock.
Spirit Realty Capital (NYSE SRC) opened at $8.33 on Friday. 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 company has a market capitalization of $3,720.00, a PE ratio of 92.56 and a beta of 0.17. Spirit Realty Capital has a 1 year low of $6.64 and a 1 year high of $11.11.
The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 8.64%. The ex-dividend date of this dividend was Thursday, December 28th. Spirit Realty Capital’s dividend payout ratio is presently 800.00%.
COPYRIGHT VIOLATION NOTICE: This article was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/21/spirit-realty-capital-inc-src-expected-to-post-earnings-of-0-22-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Spirit Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.