Spirit Realty Capital, Inc. (NYSE:SRC) Announces Quarterly Dividend of $0.18

Marco Green
September 23, 2017

Shares of Spirit Realty Capital (NYSE SRC) opened at 8.56 on Wednesday. A reading above 70 indicates that a stock is overvalued, and a reading below 30 implies that it is undervalued. While this can make for a high dividend yield, it also introduces some volatility and uncertainty into the level of payments from year to year - huge dividend payouts are common when a REIT turns large profits, versus smaller payouts or even periods of no dividends in times of losses. Ffcm LLC raised its stake in Spirit Realty Capital by 191.8% in the second quarter. The stock now has Monthly Volatility of 1.88% and Weekly Volatility of 1.95%.

As regular trading ended, Spirit Realty Capital, Inc. The overall volume in the last trading session was 6.18 million shares. Swiss National Bank now owns 808,273 shares of the real estate investment trust's stock valued at $5,989,000 after purchasing an additional 11,400 shares in the last quarter.

5 year sales growth rate is an important factor for valuation analysis, the industry's and the sector's growth for next 5 years ticked at -3.31 and -8.1 respectively. ValuEngine cut shares of Spirit Realty Capital from a "buy" rating to a "hold" rating in a report on Friday, June 2nd. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio.

Voyager Therapeutics, Inc. (VYGR) remained unsuccessful in beating the consensus-estimated -$0.61 as it actually earned -$0.73 per share in its last reported financial results. Spirit Realty Capital had a net margin of 9.47% and a return on equity of 1.74%. The company had revenue of $168.65 million during the quarter, compared to the consensus estimate of $163.19 million. (NYSE:SRC), stock is trading $13.86 above the 52-week high and has displayed a high EPS growth of 16.00% in last 5 years. During the past couple of weeks, SRC average daily volatility was 10.31%, which is 43.25 percentage points lower than the average volatility over the past 100 days.

For the next year, sell-side analysts are expecting EPS growth of 22.60% for Spirit Realty Capital, Inc. Stockholders of record on Friday, September 29th will be issued a $0.18 dividend. The ex-dividend date is Thursday, September 28th. This repurchase authorization authorizes the real estate investment trust to reacquire up to 6.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide copyright & trademark law. If you are accessing this report on another domain, it was stolen and reposted in violation of US and worldwide copyright and trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2017/09/22/spirit-realty-capital-inc-src-position-raised-by-teachers-advisors-llc.html.

In other Spirit Realty Capital news, CFO Phillip D. Joseph, Jr. bought 3,636 shares of the business's stock in a transaction that occurred on Monday, August 7th. Kim anticipates that the real estate investment trust will post earnings of $0.82 per share for the year. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Todd A. Dunn bought 14,000 shares of the stock in a transaction on Thursday, August 10th. This is a bearish signal that suggests the stock price might have farther to fall. Following the acquisition, the director now directly owns 64,560 shares in the company, valued at approximately $548,114.40. The disclosure for this purchase can be found here. Insiders have purchased 24,697 shares of company stock valued at $207,130 over the last three months.

SRC has been the topic of a number of recent research reports. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. Their 52-Week High and Low are noted here.

Other reports by Click Lancashire

Discuss This Article