Equities research analysts predict that Spirit Realty Capital, Inc (NYSE:SRC) will report earnings per share of $0.21 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Spirit Realty Capital’s earnings, with estimates ranging from $0.20 to $0.22. Spirit Realty Capital posted earnings per share of $0.20 during the same quarter last year, which would suggest a positive year over year growth rate of 5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Spirit Realty Capital will report full year earnings of $0.85 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.88. For the next year, analysts forecast that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.78 to $0.88. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover 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 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.15). The company had revenue of $165.35 million during the quarter, compared to analysts’ expectations of $166.69 million. Spirit Realty Capital had a return on equity of 2.78% and a net margin of 11.53%. Spirit Realty Capital’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share.
A number of brokerages have commented on SRC. Capital One Financial raised Spirit Realty Capital from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, January 24th. B. Riley reaffirmed a “buy” rating on shares of Spirit Realty Capital in a research note on Friday, November 3rd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Spirit Realty Capital in a research note on Monday, November 13th. ValuEngine cut Spirit Realty Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research cut Spirit Realty Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Twelve investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.44.
Shares of Spirit Realty Capital (SRC) traded down $0.22 during trading on Friday, reaching $7.53. The company’s stock had a trading volume of 7,391,885 shares, compared to its average volume of 5,972,210. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.19. The stock has a market cap of $3,415.64, a PE ratio of 47.53 and a beta of 0.43. Spirit Realty Capital has a 1-year low of $6.64 and a 1-year high of $11.09.
Hedge funds have recently modified their holdings of the company. Centaurus Financial Inc. bought a new stake in shares of Spirit Realty Capital in the 4th quarter worth approximately $101,000. Brown Advisory Inc. bought a new stake in shares of Spirit Realty Capital in the 4th quarter worth approximately $126,000. Ffcm LLC grew its position in shares of Spirit Realty Capital by 214.0% in the 4th quarter. Ffcm LLC now owns 15,761 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 10,741 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Spirit Realty Capital by 122.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 18,571 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 10,241 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new stake in shares of Spirit Realty Capital in the 4th quarter worth approximately $164,000. Hedge funds and other institutional investors own 98.16% of the company’s stock.
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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