Wall Street brokerages expect that Spirit Realty Capital, Inc (NYSE:SRC) will announce sales of $163.72 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Spirit Realty Capital’s earnings, with estimates ranging from $159.77 million to $166.31 million. Spirit Realty Capital reported sales of $173.38 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.6%. The business is expected to announce its next earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that Spirit Realty Capital will report full-year sales of $163.72 million for the current financial year, with estimates ranging from $652.41 million to $669.92 million. For the next financial year, analysts forecast that the company will report sales of $650.98 million per share, with estimates ranging from $625.77 million to $668.62 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Spirit Realty Capital.

A number of brokerages have issued reports on SRC. B. Riley reaffirmed a “buy” rating on shares of Spirit Realty Capital in a report on Friday, November 3rd. Capital One Financial raised Spirit Realty Capital from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 24th. Mizuho set a $9.00 target price on Spirit Realty Capital and gave the stock a “buy” rating in a report on Sunday, October 22nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Spirit Realty Capital in a report on Monday, November 13th. Finally, ValuEngine cut Spirit Realty Capital from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Spirit Realty Capital presently has an average rating of “Hold” and a consensus target price of $9.50.

Several hedge funds have recently modified their holdings of SRC. Profund Advisors LLC increased its stake in shares of Spirit Realty Capital by 26.0% in the second quarter. Profund Advisors LLC now owns 23,932 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 4,938 shares during the period. California Public Employees Retirement System increased its stake in shares of Spirit Realty Capital by 3.2% in the second quarter. California Public Employees Retirement System now owns 990,446 shares of the real estate investment trust’s stock valued at $7,339,000 after buying an additional 30,500 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Spirit Realty Capital by 126.4% in the second quarter. Parametric Portfolio Associates LLC now owns 853,086 shares of the real estate investment trust’s stock valued at $6,321,000 after buying an additional 476,326 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Spirit Realty Capital by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,932,215 shares of the real estate investment trust’s stock valued at $51,368,000 after buying an additional 351,979 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Spirit Realty Capital in the second quarter valued at about $434,000. 92.65% of the stock is owned by institutional investors.

Spirit Realty Capital (NYSE SRC) opened at $7.42 on Friday. Spirit Realty Capital has a fifty-two week low of $6.64 and a fifty-two week high of $11.11. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $3,505.85, a PE ratio of 9.05 and a beta of 0.43.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a $0.18 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.72 annualized dividend and a dividend yield of 9.70%. Spirit Realty Capital’s payout ratio is 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.

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