Spirit Realty Capital (SRC) Getting Somewhat Favorable Media Coverage, Analysis Shows
Headlines about Spirit Realty Capital (NYSE:SRC) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Spirit Realty Capital earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.8052373429652 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Spirit Realty Capital, Inc. (NYSE:SRC) Director Todd A. Dunn Buys 14,000 Shares (americanbankingnews.com)
- Zacks: Brokerages Expect Spirit Realty Capital, Inc. (SRC) Will Announce Quarterly Sales of $161.00 Million (americanbankingnews.com)
- Insider Buying: Spirit Realty Capital, Inc. (NYSE:SRC) CFO Purchases 3,636 Shares of Stock (americanbankingnews.com)
- Spirit Realty Capital, Inc. (NYSE:SRC) CFO Buys $50,003.25 in Stock (americanbankingnews.com)
- $0.20 EPS Expected for Spirit Realty Capital, Inc. (SRC) This Quarter (americanbankingnews.com)
SRC has been the subject of a number of analyst reports. J P Morgan Chase & Co lowered Spirit Realty Capital from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $13.00 to $9.00 in a research report on Thursday, May 4th. Janney Montgomery Scott lowered Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Mizuho lowered Spirit Realty Capital from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 4th. Ladenburg Thalmann Financial Services downgraded Spirit Realty Capital from a “buy” rating to a “neutral” rating in a research note on Thursday, May 4th. Finally, Sandler O’Neill downgraded Spirit Realty Capital from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $13.00 to $9.00 in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $10.67.
Spirit Realty Capital (SRC) opened at 8.26 on Friday. The firm has a 50-day moving average price of $7.81 and a 200 day moving average price of $8.99. The firm has a market cap of $3.79 billion, a PE ratio of 62.58 and a beta of 0.55. Spirit Realty Capital has a 12-month low of $6.64 and a 12-month high of $13.95.
Spirit Realty Capital (NYSE:SRC) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Spirit Realty Capital had a return on equity of 1.74% and a net margin of 9.47%. The company had revenue of $168.65 million during the quarter, compared to analysts’ expectations of $163.19 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The business’s revenue was down 1.8% on a year-over-year basis. Equities research analysts forecast that Spirit Realty Capital will post $0.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.72 annualized dividend and a yield of 8.72%. Spirit Realty Capital’s dividend payout ratio is currently 514.29%.
In related news, EVP Boyd Messmann purchased 10,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was bought at an average cost of $7.19 per share, for a total transaction of $71,900.00. Following the completion of the acquisition, the executive vice president now owns 73,656 shares of the company’s stock, valued at $529,586.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Phillip D. Joseph, Jr. purchased 6,700 shares of the stock in a transaction dated Friday, June 2nd. The shares were bought at an average price of $7.47 per share, with a total value of $50,049.00. Following the completion of the acquisition, the chief financial officer now directly owns 134,868 shares of the company’s stock, valued at approximately $1,007,463.96. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 67,497 shares of company stock valued at $520,238. Company insiders own 0.50% of the company’s stock.
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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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