Spirit Realty Capital, Inc. (NYSE:SRC): A Fundamentally Attractive Investment
Spirit Realty Capital, Inc. (NYSE:SRC) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of SRC, it is a company with a an impressive history of performance, trading at a great value. Below, I’ve touched on some key aspects you should know on a high level. If you’re interested in understanding beyond my broad commentary, read the full report on Spirit Realty Capital here.
Solid track record and good value
Over the past few years, SRC has more than doubled its earnings, with its most recent figure exceeding its annual average over the past five years. Not only did SRC outperformed its past performance, its growth also exceeded the REITs industry expansion, which generated a 15% earnings growth. This paints a buoyant picture for the company. SRC’s share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. Investors have the opportunity to buy into the stock to reap capital gains, if SRC’s projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. Also, relative to the rest of its peers with similar levels of earnings, SRC’s share price is trading below the group’s average. This bolsters the proposition that SRC’s price is currently discounted.
Next Steps:
For Spirit Realty Capital, there are three pertinent factors you should look at:
Future Outlook: What are well-informed industry analysts predicting for SRC’s future growth? Take a look at our free research report of analyst consensus for SRC’s outlook.
Financial Health: Are SRC’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of SRC? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.
