Spirit Realty Capital (NYSE:SRC) had its price target cut by JPMorgan Chase from $9.00 to $8.00 in a research note published on Tuesday. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on SRC. ValuEngine lowered Spirit Realty Capital from a buy rating to a hold rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Spirit Realty Capital from a hold rating to a sell rating in a research note on Friday, January 5th. B. Riley set a $9.00 target price on Spirit Realty Capital and gave the stock a buy rating in a research note on Tuesday, January 16th. SunTrust Banks upgraded Spirit Realty Capital from a hold rating to a buy rating in a research note on Monday, January 22nd. Finally, Capital One upgraded Spirit Realty Capital from an underweight rating to an equal weight rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $9.37.

NYSE:SRC opened at $8.13 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.60 and a current ratio of 0.60. Spirit Realty Capital has a 52-week low of $6.64 and a 52-week high of $9.79. The firm has a market cap of $3,545.80, a P/E ratio of 9.56 and a beta of 0.46.

Spirit Realty Capital (NYSE:SRC) last announced its 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 during the quarter, compared to the consensus estimate 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 revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. research analysts forecast that Spirit Realty Capital will post 0.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date of this dividend was Wednesday, March 28th. Spirit Realty Capital’s payout ratio is currently 84.71%.

In other news, Director Thomas D. Senkbeil acquired 25,200 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average cost of $7.93 per share, for a total transaction of $199,836.00. Following the acquisition, the director now owns 67,052 shares of the company’s stock, valued at $531,722.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard I. Gilchrist acquired 7,500 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was purchased at an average price of $8.00 per share, with a total value of $60,000.00. Following the completion of the acquisition, the director now directly owns 67,929 shares in the company, valued at approximately $543,432. The disclosure for this purchase can be found here. 0.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cbre Clarion Securities LLC boosted its holdings in shares of Spirit Realty Capital by 150.6% in the 4th quarter. Cbre Clarion Securities LLC now owns 9,992,562 shares of the real estate investment trust’s stock worth $85,736,000 after purchasing an additional 6,004,382 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Spirit Realty Capital by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,298,760 shares of the real estate investment trust’s stock valued at $62,548,000 after acquiring an additional 366,545 shares during the period. Two Sigma Investments LP boosted its holdings in Spirit Realty Capital by 40.3% during the 4th quarter. Two Sigma Investments LP now owns 4,878,344 shares of the real estate investment trust’s stock valued at $41,856,000 after acquiring an additional 1,400,143 shares during the period. Teachers Advisors LLC boosted its holdings in Spirit Realty Capital by 17.8% during the 4th quarter. Teachers Advisors LLC now owns 4,699,046 shares of the real estate investment trust’s stock valued at $40,318,000 after acquiring an additional 709,894 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in Spirit Realty Capital by 13.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,514,289 shares of the real estate investment trust’s stock valued at $30,153,000 after acquiring an additional 408,753 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Spirit Realty Capital Company Profile

Spirit Realty Capital, Inc (NYSE:SRC) is a premier net lease real estate investment trust (REIT) that primarily invests in high-quality, operationally essential retail real estate, subject to long-term, net leases. Over the past decade, Spirit has become an industry leader and owner of income-producing, strategically located retail, industrial and office properties providing superior risk adjusted returns and steady dividend growth for our shareholders.

Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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