Spirit Realty Capital (NYSE:SRC) had its target price cut by JPMorgan Chase & Co. from $55.00 to $45.00 in a research note released on Wednesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the real estate investment trust’s stock.

SRC has been the subject of a number of other reports. Deutsche Bank boosted their price objective on shares of Spirit Realty Capital from $41.00 to $42.00 and gave the stock a hold rating in a report on Monday, July 27th. Berenberg Bank initiated coverage on shares of Spirit Realty Capital in a report on Tuesday, June 30th. They issued a buy rating and a $47.00 price objective for the company. Morgan Stanley lowered shares of Spirit Realty Capital from an overweight rating to an equal weight rating and set a $31.00 target price for the company. in a research note on Monday, May 4th. Jefferies Financial Group initiated coverage on shares of Spirit Realty Capital in a research note on Monday, June 29th. They set a buy rating and a $43.00 target price for the company. Finally, ValuEngine upgraded shares of Spirit Realty Capital from a sell rating to a hold rating in a research note on Tuesday, July 7th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Spirit Realty Capital presently has a consensus rating of Hold and an average target price of $44.60.

Shares of NYSE SRC opened at $34.46 on Wednesday. Spirit Realty Capital has a twelve month low of $18.37 and a twelve month high of $54.63. The firm has a market cap of $3.55 billion, a P/E ratio of 11.04 and a beta of 1.09. The company has a 50 day moving average of $34.30 and a 200 day moving average of $36.81. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.80.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings data on Friday, July 31st. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.57). Spirit Realty Capital had a return on equity of 3.75% and a net margin of 22.00%. The firm had revenue of $117.19 million during the quarter, compared to analysts’ expectations of $113.65 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, equities analysts expect that Spirit Realty Capital will post 2.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.625 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.50 annualized dividend and a dividend yield of 7.25%. Spirit Realty Capital’s dividend payout ratio (DPR) is 74.85%.

Several large investors have recently bought and sold shares of SRC. Private Capital Group LLC increased its stake in shares of Spirit Realty Capital by 81.5% in the 1st quarter. Private Capital Group LLC now owns 993 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 446 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Spirit Realty Capital by 42.6% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,054 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 315 shares in the last quarter. Cypress Capital Management LLC WY purchased a new stake in shares of Spirit Realty Capital in the 1st quarter worth $39,000. Wealth Quarterback LLC purchased a new stake in shares of Spirit Realty Capital in the 4th quarter worth $44,000. Finally, Whittier Trust Co. purchased a new stake in shares of Spirit Realty Capital in the 1st quarter worth $50,000. Hedge funds and other institutional investors own 93.92% of the company’s stock.

Spirit Realty Capital Company Profile

Spirit Realty Capital, Inc (NYSE: SRC) is a premier net-lease REIT that primarily invests in high-quality, operationally essential 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, office and data center properties.

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Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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