Somewhat Positive News Coverage Somewhat Unlikely to Affect Spirit Realty Capital (NYSE:SRC) Stock Price

News coverage about Spirit Realty Capital (NYSE:SRC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing 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 one, with scores nearest to one being the most favorable. Spirit Realty Capital earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.5196344577845 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several analysts recently weighed in on the stock. B. Riley set a $9.00 price target on shares of Spirit Realty Capital and gave the company a “buy” rating in a report on Tuesday, November 14th. Robert W. Baird cut shares of Spirit Realty Capital from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $9.00 in a report on Friday, November 10th. ValuEngine cut shares of Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Mizuho restated a “buy” rating and set a $9.50 target price on shares of Spirit Realty Capital in a report on Thursday, December 21st. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Spirit Realty Capital in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.51.

Shares of Spirit Realty Capital (SRC) traded down $0.03 during trading hours on Tuesday, reaching $8.07. The company’s stock had a trading volume of 5,630,054 shares, compared to its average volume of 5,105,870. Spirit Realty Capital has a fifty-two week low of $6.64 and a fifty-two week high of $11.28. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.19. The stock has a market cap of $3,690.00, a price-to-earnings ratio of 89.67 and a beta of 0.17.

Spirit Realty Capital (NYSE:SRC) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.18). Spirit Realty Capital had a return on equity of 1.36% and a net margin of 6.25%. sell-side analysts anticipate that Spirit Realty Capital will post 0.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 8.92%. The ex-dividend date was Thursday, December 28th. Spirit Realty Capital’s payout ratio is currently 800.00%.

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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.

Insider Buying and Selling by Quarter for Spirit Realty Capital (NYSE:SRC)

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