Analysts expect Spirit Realty Capital Inc (NYSE:SRC) to announce earnings of $0.60 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Spirit Realty Capital’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.34. Spirit Realty Capital reported earnings per share of $0.86 in the same quarter last year, which suggests a negative year over year growth rate of 30.2%. The company is expected to report its next earnings results on Friday, July 31st.
On average, analysts expect that Spirit Realty Capital will report full-year earnings of $2.79 per share for the current year, with EPS estimates ranging from $2.42 to $2.98. For the next year, analysts forecast that the firm will post earnings of $3.01 per share, with EPS estimates ranging from $2.84 to $3.33. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Spirit Realty Capital.
Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.93). The company had revenue of $121.36 million for the quarter, compared to analysts’ expectations of $122.40 million. Spirit Realty Capital had a return on equity of 3.75% and a net margin of 22.00%. During the same period last year, the company posted $0.86 EPS.
Shares of SRC opened at $34.46 on Friday. The stock’s 50-day simple moving average is $34.30 and its 200 day simple moving average is $36.81. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 10.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.99 and a current ratio of 1.99. Spirit Realty Capital has a 52-week low of $18.37 and a 52-week high of $54.63.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.50 annualized dividend and a yield of 7.25%. Spirit Realty Capital’s payout ratio is 74.85%.
Several hedge funds have recently modified their holdings of the company. State Street Corp grew its position in shares of Spirit Realty Capital by 16.5% in the 1st quarter. State Street Corp now owns 3,808,765 shares of the real estate investment trust’s stock worth $101,874,000 after buying an additional 540,585 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Spirit Realty Capital by 31.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,890,498 shares of the real estate investment trust’s stock valued at $75,588,000 after purchasing an additional 697,971 shares during the period. Geode Capital Management LLC lifted its stake in shares of Spirit Realty Capital by 16.1% in the 4th quarter. Geode Capital Management LLC now owns 1,423,807 shares of the real estate investment trust’s stock valued at $70,013,000 after purchasing an additional 197,269 shares during the period. Cbre Clarion Securities LLC lifted its stake in shares of Spirit Realty Capital by 169.3% in the 1st quarter. Cbre Clarion Securities LLC now owns 1,342,163 shares of the real estate investment trust’s stock valued at $35,098,000 after purchasing an additional 843,712 shares during the period. Finally, Norges Bank purchased a new position in shares of Spirit Realty Capital in the 4th quarter valued at approximately $61,001,000. Hedge funds and other institutional investors own 93.92% of the company’s stock.
About Spirit Realty Capital
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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