Wall Street analysts predict that Spirit Realty Capital, Inc (NYSE:SRC) will post $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Spirit Realty Capital’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.22. Spirit Realty Capital posted earnings per share of $0.20 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The business is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Spirit Realty Capital will report full-year earnings of $0.83 per share for the current year, with EPS estimates ranging from $0.79 to $0.88. For the next financial year, analysts expect that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.78 to $0.83. Zacks Investment Research’s EPS averages are a mean 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 results on Thursday, February 22nd. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). The business had revenue of $165.35 million for the quarter, compared to analyst estimates of $166.69 million. Spirit Realty Capital had a return on equity of 2.84% and a net margin of 11.53%. Spirit Realty Capital’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS.
Spirit Realty Capital (NYSE:SRC) opened at $7.97 on Tuesday. The firm has a market capitalization of $3,590.00, a P/E ratio of 49.81 and a beta of 0.08. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.15. Spirit Realty Capital has a 12-month low of $6.64 and a 12-month high of $10.60.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date of this dividend is Wednesday, March 28th. Spirit Realty Capital’s dividend payout ratio is presently 450.00%.
In related news, Director Thomas D. Senkbeil purchased 25,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average cost of $7.93 per share, for a total transaction of $199,836.00. Following the completion of the purchase, the director now owns 67,052 shares in the company, valued at approximately $531,722.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. D.B. Root & Company LLC bought a new stake in shares of Spirit Realty Capital in the fourth quarter valued at approximately $315,000. Xact Kapitalforvaltning AB bought a new stake in shares of Spirit Realty Capital in the fourth quarter valued at approximately $333,000. Sterling Capital Management LLC boosted its stake in shares of Spirit Realty Capital by 229.4% in the fourth quarter. Sterling Capital Management LLC now owns 282,112 shares of the real estate investment trust’s stock valued at $2,421,000 after buying an additional 196,470 shares during the period. Snow Park Capital Partners LP bought a new stake in shares of Spirit Realty Capital in the fourth quarter valued at approximately $4,070,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of Spirit Realty Capital by 300.0% in the fourth quarter. Vident Investment Advisory LLC now owns 40,144 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 30,109 shares during the period. Institutional investors and hedge funds own 92.01% of the company’s stock.
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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.
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