Equities analysts expect Spirit Realty Capital Inc (NYSE:SRC) to announce sales of $106.31 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Spirit Realty Capital’s earnings, with the lowest sales estimate coming in at $100.02 million and the highest estimate coming in at $114.09 million. Spirit Realty Capital reported sales of $165.35 million in the same quarter last year, which indicates a negative year-over-year growth rate of 35.7%. The business is scheduled to announce its next earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Spirit Realty Capital will report full-year sales of $461.96 million for the current year, with estimates ranging from $403.90 million to $490.85 million. For the next year, analysts expect that the business will report sales of $433.90 million, with estimates ranging from $408.83 million to $461.29 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Spirit Realty Capital.

Spirit Realty Capital (NYSE:SRC) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. Spirit Realty Capital had a net margin of 20.95% and a return on equity of 4.27%. The company had revenue of $109.64 million during the quarter, compared to the consensus estimate of $101.43 million. During the same quarter last year, the firm posted $1.05 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis.

A number of research firms have weighed in on SRC. ValuEngine raised Spirit Realty Capital from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Zacks Investment Research downgraded Spirit Realty Capital from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Raymond James downgraded Spirit Realty Capital from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 6th. Finally, Bank of America downgraded Spirit Realty Capital from a “neutral” rating to an “underperform” rating and set a $40.00 price objective for the company. in a research report on Thursday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.75.

Shares of NYSE SRC traded up $0.25 during mid-day trading on Friday, reaching $36.99. 732,539 shares of the company’s stock were exchanged, compared to its average volume of 988,100. Spirit Realty Capital has a 52 week low of $33.86 and a 52 week high of $44.20. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 8.70 and a beta of 0.36. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.60 and a quick ratio of 0.60.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, December 28th. Spirit Realty Capital’s dividend payout ratio (DPR) is 58.82%.

In other news, CEO Jackson Hsieh sold 186,087 shares of the business’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $7.81, for a total value of $1,453,339.47. Following the completion of the transaction, the chief executive officer now directly owns 1,153,557 shares of the company’s stock, valued at approximately $9,009,280.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael C. Hughes purchased 13,605 shares of Spirit Realty Capital stock in a transaction dated Friday, November 30th. The stock was bought at an average cost of $7.35 per share, with a total value of $99,996.75. Following the completion of the transaction, the chief financial officer now owns 103,525 shares in the company, valued at approximately $760,908.75. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Pension Partners LLC acquired a new position in shares of Spirit Realty Capital in the 3rd quarter valued at about $105,000. First Hawaiian Bank acquired a new position in shares of Spirit Realty Capital during the third quarter valued at approximately $106,000. Rehmann Capital Advisory Group grew its position in shares of Spirit Realty Capital by 324.1% in the second quarter. Rehmann Capital Advisory Group now owns 15,387 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 11,759 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Spirit Realty Capital in the second quarter valued at approximately $176,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Spirit Realty Capital by 86.0% in the second quarter. Tower Research Capital LLC TRC now owns 22,377 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 10,349 shares in the last quarter.

About Spirit Realty Capital

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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