Shares of Spirit Realty Capital Inc (NYSE:SRC) have earned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $45.30.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Spirit Realty Capital from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. ValuEngine downgraded shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Zacks Investment Research upgraded Spirit Realty Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Morgan Stanley upgraded Spirit Realty Capital from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $49.00 in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus assumed coverage on Spirit Realty Capital in a research note on Thursday, August 29th. They set a “buy” rating and a $51.50 price objective for the company.

Shares of NYSE SRC traded down $0.46 during trading on Friday, reaching $46.90. The stock had a trading volume of 44,553 shares, compared to its average volume of 995,619. Spirit Realty Capital has a one year low of $33.86 and a one year high of $48.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $4.26 billion, a PE ratio of 12.46 and a beta of 0.39. The firm’s 50 day moving average price is $45.92 and its two-hundred day moving average price is $42.61.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.33). Spirit Realty Capital had a net margin of 37.11% and a return on equity of 6.54%. The business had revenue of $115.70 million for the quarter, compared to the consensus estimate of $108.48 million. During the same period in the prior year, the company earned $0.20 EPS. Spirit Realty Capital’s quarterly revenue was up 12.9% on a year-over-year basis. On average, research analysts expect that Spirit Realty Capital will post 3.14 earnings per share for the current year.

The business also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 5.3%. Spirit Realty Capital’s payout ratio is currently 66.14%.

In related news, EVP Jay Young sold 10,648 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $45.79, for a total transaction of $487,571.92. Following the completion of the transaction, the executive vice president now directly owns 18,890 shares in the company, valued at approximately $864,973.10. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.92% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Spirit Realty Capital in the second quarter worth $27,000. Steward Partners Investment Advisory LLC bought a new position in shares of Spirit Realty Capital in the second quarter worth $34,000. Prestige Wealth Management Group LLC bought a new position in shares of Spirit Realty Capital in the second quarter worth $46,000. Pinnacle Financial Partners Inc. bought a new position in shares of Spirit Realty Capital in the first quarter worth $44,000. Finally, Advisory Services Network LLC grew its stake in shares of Spirit Realty Capital by 43.9% in the first quarter. Advisory Services Network LLC now owns 1,640 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 500 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

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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