Spirit Realty Capital (SRC) Scheduled to Post Quarterly Earnings on Wednesday

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Spirit Realty Capital (NYSE:SRC) is scheduled to release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Spirit Realty Capital to post earnings of $0.81 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

SRC opened at $43.17 on Tuesday. The company has a market cap of $3.80 billion, a PE ratio of 11.42 and a beta of 0.42. Spirit Realty Capital has a 12 month low of $33.86 and a 12 month high of $45.63. The company has a fifty day moving average of $44.07. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.79.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.625 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.50 annualized dividend and a yield of 5.79%. Spirit Realty Capital’s dividend payout ratio is currently 66.14%.

Several research firms recently commented on SRC. ValuEngine cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. 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. Zacks Investment Research cut shares of Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Deutsche Bank cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley raised shares of Spirit Realty Capital from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $41.00 to $49.00 in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Spirit Realty Capital has a consensus rating of “Hold” and an average target price of $43.75.

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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Earnings History for Spirit Realty Capital (NYSE:SRC)

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