Spirit Realty Capital, Inc (SRC) Given Consensus Recommendation of “Hold” by Analysts

Spirit Realty Capital, Inc (NYSE:SRC) has received an average recommendation of “Hold” from the nineteen research firms that are currently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $9.25.

A number of equities analysts have weighed in on SRC shares. Zacks Investment Research lowered shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. FBR & Co reiterated a “buy” rating on shares of Spirit Realty Capital in a research report on Friday, October 20th. Deutsche Bank reiterated a “buy” rating and issued a $11.00 price target on shares of Spirit Realty Capital in a research report on Friday, October 20th. Mizuho set a $9.00 price target on shares of Spirit Realty Capital and gave the stock a “buy” rating in a research report on Sunday, October 22nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $8.50 price target on shares of Spirit Realty Capital in a research report on Friday, November 3rd.

Several hedge funds have recently added to or reduced their stakes in SRC. Profund Advisors LLC lifted its holdings in shares of 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 worth $177,000 after buying an additional 4,938 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Spirit Realty Capital by 3.2% in the second quarter. California Public Employees Retirement System now owns 990,446 shares of the real estate investment trust’s stock worth $7,339,000 after buying an additional 30,500 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Spirit Realty Capital by 126.4% in the second quarter. Parametric Portfolio Associates LLC now owns 853,086 shares of the real estate investment trust’s stock worth $6,321,000 after buying an additional 476,326 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Spirit Realty Capital by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,932,215 shares of the real estate investment trust’s stock worth $51,368,000 after buying an additional 351,979 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Spirit Realty Capital by 2.4% in the second 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 in the last quarter. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Spirit Realty Capital (SRC) traded up $0.17 during midday trading on Friday, reaching $7.59. 6,400,000 shares of the company traded hands, compared to its average volume of 5,920,000. The company has a market capitalization of $3,380.00, a price-to-earnings ratio of 84.33 and a beta of 0.04. Spirit Realty Capital has a 12 month low of $6.64 and a 12 month high of $11.11. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.59 and a quick ratio of 0.59.

The business also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 9.49%. The ex-dividend date was Thursday, December 28th. Spirit Realty Capital’s dividend payout ratio (DPR) is presently 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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