Spirit Realty Capital (NYSE:SRC) Updates FY20 Earnings Guidance

Spirit Realty Capital (NYSE:SRC) updated its FY20 earnings guidance on Tuesday. The company provided EPS guidance of $3.14-3.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.02. Spirit Realty Capital also updated its FY 2020
Pre-Market guidance to 3.14-3.18 EPS.

Several equities analysts have recently weighed in on the stock. Capital One Financial raised shares of Spirit Realty Capital from an equal weight rating to an overweight rating and set a $56.00 price target for the company in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Spirit Realty Capital from $52.00 to $55.00 and gave the stock an overweight rating in a research report on Friday, December 6th. Deutsche Bank increased their target price on shares of Spirit Realty Capital from $52.00 to $56.00 and gave the stock a hold rating in a report on Monday, December 9th. Stifel Nicolaus raised their target price on shares of Spirit Realty Capital from $53.00 to $56.00 and gave the company a buy rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley lifted their price target on shares of Spirit Realty Capital from $51.00 to $56.00 and gave the company an overweight rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Spirit Realty Capital currently has an average rating of Buy and a consensus price target of $55.00.

Shares of NYSE:SRC traded down $1.58 during trading on Wednesday, hitting $50.58. 1,635,492 shares of the company were exchanged, compared to its average volume of 758,998. Spirit Realty Capital has a fifty-two week low of $36.69 and a fifty-two week high of $54.63. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 20.73 and a beta of 0.41. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $52.39 and a two-hundred day moving average price of $49.68.

Spirit Realty Capital (NYSE:SRC) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.69). The company had revenue of $118.61 million during the quarter, compared to analyst estimates of $114.90 million. Spirit Realty Capital had a net margin of 42.82% and a return on equity of 8.03%. During the same period in the previous year, the company posted $0.84 EPS. As a group, research analysts predict that Spirit Realty Capital will post 3.17 EPS for the current year.

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.

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