Spirit Realty Capital Inc (NYSE:SRC) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 3,150,000 shares, a decrease of 5.4% from the December 15th total of 3,330,000 shares. Based on an average daily volume of 981,900 shares, the short-interest ratio is presently 3.2 days. Approximately 3.5% of the company’s shares are short sold.

A number of institutional investors have recently made changes to their positions in SRC. Tower Research Capital LLC TRC purchased a new position in Spirit Realty Capital in the third quarter valued at approximately $27,000. Garrett Wealth Advisory Group LLC purchased a new position in Spirit Realty Capital in the third quarter valued at approximately $31,000. Prestige Wealth Management Group LLC purchased a new position in Spirit Realty Capital in the second quarter valued at approximately $46,000. WealthStone Inc. purchased a new position in Spirit Realty Capital in the second quarter valued at approximately $84,000. Finally, KCS Wealth Advisory purchased a new position in Spirit Realty Capital in the third quarter valued at approximately $89,000. Institutional investors own 92.35% of the company’s stock.

A number of brokerages have issued reports on SRC. Deutsche Bank boosted their price target on shares of Spirit Realty Capital from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Zacks Investment Research upgraded shares of Spirit Realty Capital from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Thursday, December 19th. Bank of America upgraded shares of Spirit Realty Capital from an “underperform” rating to a “neutral” rating in a research note on Monday, January 6th. Royal Bank of Canada upped their target price on shares of Spirit Realty Capital from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley upped their target price on shares of Spirit Realty Capital from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $53.38.

SRC stock opened at $50.59 on Thursday. The company’s 50 day moving average price is $50.10 and its 200 day moving average price is $47.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.89 and a current ratio of 2.89. Spirit Realty Capital has a fifty-two week low of $36.69 and a fifty-two week high of $53.23. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 13.38 and a beta of 0.37.

Spirit Realty Capital (NYSE:SRC) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.65. Spirit Realty Capital had a net margin of 42.82% and a return on equity of 8.03%. The firm had revenue of $167.00 million for the quarter, compared to analyst estimates of $113.15 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. Equities analysts forecast that Spirit Realty Capital will post 3.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.625 dividend. The ex-dividend date was Monday, December 30th. This represents a $2.50 annualized dividend and a yield of 4.94%. Spirit Realty Capital’s dividend payout ratio is currently 66.14%.

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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