Spirit Realty Capital (NYSE:SRC) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.75-0.76 for the period. Spirit Realty Capital also updated its FY18 guidance to $0.75-0.76 EPS.
SRC stock traded down $0.01 during mid-day trading on Wednesday, hitting $8.10. 228,338 shares of the company were exchanged, compared to its average volume of 5,425,758. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $3.34 billion, a PE ratio of 9.53 and a beta of 0.34. Spirit Realty Capital has a 12-month low of $7.34 and a 12-month high of $8.84.
Spirit Realty Capital (NYSE:SRC) last announced its earnings results on Monday, November 5th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Spirit Realty Capital had a net margin of 14.77% and a return on equity of 3.42%. The company had revenue of $109.64 million during the quarter, compared to analyst estimates of $101.43 million. During the same quarter last year, the firm posted $0.21 earnings per share. Spirit Realty Capital’s revenue was up .8% compared to the same quarter last year. Sell-side analysts anticipate that Spirit Realty Capital will post 0.73 EPS for the current fiscal year.
Several research firms have recently commented on SRC. ValuEngine lowered shares of Spirit Realty Capital from a hold rating to a sell rating in a research note on Thursday, November 1st. Zacks Investment Research raised shares of Spirit Realty Capital from a sell rating to a hold rating in a research note on Friday, October 19th. TheStreet raised shares of Spirit Realty Capital from a c rating to a b- rating in a research note on Wednesday, August 8th. Finally, Bank of America raised their price objective on shares of Spirit Realty Capital from $8.00 to $8.25 and gave the company a neutral rating in a research note on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $8.79.
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Spirit Realty Capital Company Profile
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 providing superior risk adjusted returns and steady dividend growth for our stockholders.
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