|Bid||23.30 x 3200|
|Ask||0.00 x 2200|
|Day's Range||36.72 - 37.33|
|52 Week Range||32.91 - 42.65|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||31.80|
|Earnings Date||Feb 20, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||2.50 (6.80%)|
|1y Target Est||45.91|
SMTA said the exploration of alternatives doesn’t mean a transaction will necessarily take place, and there is no timetable for completion of the process.
Spirit Realty Capital, Inc. (SRC) (“Spirit” or the “Company”), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today commented on the anticipated impact of the announcement by Spirit MTA REIT, (SMTA), currently externally managed by Spirit, that its Board intends to accelerate their strategic plan. At this time, SMTA has ample liquidity and capacity to meet its obligations to Spirit and we believe the acceleration of their strategic plan meaningfully benefits Spirit in several ways,” said Jackson Hsieh, President and Chief Executive Officer. Further, we expect that a nearer term expiration of Spirit’s three-year management contract with SMTA will improve our organic growth by removing a flat income stream and removing the uncertainty around the duration of that income stream.
Spirit Realty Capital, Inc. (SRC) (“Spirit” or the “Company”), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced that the Company has closed on a new $1.62 billion unsecured credit facility, comprised of an $800 million unsecured revolving credit facility due March 2023, a $420 million unsecured term loan due March 2024 and a $400 million unsecured term loan due March 2022. The Company has the ability to further increase the borrowing capacity of the credit facility to $2.42 billion in aggregate, subject to certain conditions.
# Spirit Realty Capital Inc ### NYSE:SRC View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short interest is extremely low for SRC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SRC. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding SRC is favorable, with net inflows of $9.37 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Spirit Realty Capital, Inc. (SRC) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
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The big shareholder groups in Spirit Realty Capital, Inc. (NYSE:SRC) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in Read More...
Spirit Realty Capital, Inc. (SRC) (“Spirit” or the “Company”), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced that the Company has completed its previously announced one-for-five reverse stock split of its outstanding shares of common stock. Pursuant to the reverse split, every five (5) issued and outstanding shares of common stock of the Company were converted into one (1) share of common stock of the Company, and the par value of each share of common stock was increased from $0.01 to $0.05 per share.
DALLAS , Nov. 13, 2018 /PRNewswire/ -- Spirit Realty Capital, Inc. announced today that its Board of Directors approved a 1-for-5 reverse stock split of its outstanding shares of common stock. The reverse ...
Spirit Realty Capital Inc is a US$3.3b mid-cap, real estate investment trust (REIT) based in Dallas, United States. REITs own and operate income-generating property and adhere to a different set Read More...
Spirit Realty (SRC) delivered FFO and revenue surprises of 0.00% and -0.30%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The real estate investment trust, based in Dallas, said it had funds from operations of $73 million, or 17 cents per share, in the period. The average estimate of five analysts surveyed by Zacks Investment ...
- Invested $229.1 million in acquisitions and revenue producing capital expenditures - - Generated Net Income from Continuing Operations of $0.06 per share, FFO of $0.16 per share, and AFFO of $0.17 per ...
DALLAS , Oct. 11, 2018 /PRNewswire/ -- Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or "the Company"), announced today that financial and operating results for the third quarter ...
Short interest is low for SRC with fewer than 5% of shares on loan. The net inflows of $1.62 billion over the last one-month into ETFs that hold SRC are not among the highest of the last year and have been slowing.
Mangrove Partners is among the best performing hedge funds in previous years. It was symbolically named after a tree species that is extremely resistant, able to bear everything from storms to hurricanes. Correspondingly, Mangrove Partners aims to be tough in the financial markets. It was founded by its current president and portfolio manager, Nathaniel August, […]
This analysis is intended to introduce important early concepts to people who are starting to invest and want to start learning about core concepts of fundamental analysis on practical examplesRead More...