Spirit Realty Capital with ticker code (SRC) now have 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 50 and 40 and has a mean target at $44.00. Given that the stocks previous close was at $37.25 and the analysts are correct then we can expect a percentage increase in value of 18.1%. Also worth taking note is the 50 day moving average now sits at $41.79 while the 200 day moving average is $40.49. The company has a market capitalization of $5,395m. Company Website: https://www.spiritrealty.com
The potential market cap would be $6,373m based on the market consensus.
Spirit Realty Capital (NYSE: SRC) is a premier net-lease REIT that primarily invests in single-tenant, operationally essential real estate assets, subject to long-term leases. As of September 30, 2020, our diverse portfolio of 1,778 owned properties, with an aggregate leasable area of 37.2 million square feet in 48 states, included retail, industrial and office buildings leased to 296 tenants across 28 retail industries.
The company has a dividend yield of 7.12% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 18.27, revenue per share of 5.27 and a 2.57% return on assets.
