ValuEngine downgraded shares of Spirit Realty Capital (NYSE:SRC) from a buy rating to a hold rating in a report issued on Sunday.

Other research analysts have also recently issued reports about the company. B. Riley reissued a buy rating on shares of Spirit Realty Capital in a report on Friday, November 3rd. Mizuho set a $9.00 price target on Spirit Realty Capital and gave the stock a buy rating in a report on Sunday, October 22nd. Ladenburg Thalmann Financial Services reissued a hold rating on shares of Spirit Realty Capital in a report on Monday, November 13th. Robert W. Baird cut Spirit Realty Capital from an outperform rating to a neutral rating and lowered their price target for the stock from $10.00 to $9.00 in a report on Friday, November 10th. Finally, Deutsche Bank reissued a buy rating and issued a $11.00 price target on shares of Spirit Realty Capital in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $9.51.

Spirit Realty Capital (NYSE:SRC) traded down $0.22 during midday trading on Friday, reaching $8.17. The company had a trading volume of 5,469,273 shares, compared to its average volume of 4,660,725. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.19. Spirit Realty Capital has a one year low of $6.64 and a one year high of $11.29. The stock has a market cap of $3,820.00, a PE ratio of 90.78 and a beta of 0.17.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.72 annualized dividend and a dividend yield of 8.81%. Spirit Realty Capital’s dividend payout ratio (DPR) is 800.00%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Long Pond Capital LP raised its holdings in shares of Spirit Realty Capital by 101.0% during the 3rd quarter. Long Pond Capital LP now owns 14,989,473 shares of the real estate investment trust’s stock worth $128,460,000 after acquiring an additional 7,530,599 shares in the last quarter. Monarch Alternative Capital LP raised its holdings in shares of Spirit Realty Capital by 19.2% during the 3rd quarter. Monarch Alternative Capital LP now owns 11,730,897 shares of the real estate investment trust’s stock worth $100,534,000 after acquiring an additional 1,891,100 shares in the last quarter. State Street Corp raised its holdings in shares of Spirit Realty Capital by 2.4% during the 2nd quarter. State Street Corp now owns 9,684,420 shares of the real estate investment trust’s stock worth $71,759,000 after acquiring an additional 223,928 shares in the last quarter. V3 Capital Management L.P. raised its holdings in shares of Spirit Realty Capital by 96.9% during the 2nd quarter. V3 Capital Management L.P. now owns 9,642,585 shares of the real estate investment trust’s stock worth $71,452,000 after acquiring an additional 4,745,800 shares in the last quarter. Finally, Gruss Capital Management LP raised its holdings in shares of Spirit Realty Capital by 56.1% during the 3rd quarter. Gruss Capital Management LP now owns 7,375,000 shares of the real estate investment trust’s stock worth $63,204,000 after acquiring an additional 2,650,000 shares in the last quarter. 92.54% of the stock is currently owned by institutional investors and hedge funds.

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About Spirit Realty Capital

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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Analyst Recommendations for Spirit Realty Capital (NYSE:SRC)

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