How is Spirit Realty Capital Inc.’s (NYSE: SRC) stock expected to perform amid current market woes?

The price of Spirit Realty Capital Inc. (NYSE: SRC) closed at $38.88 in the last session, down -0.84% from day before closing price of $39.21. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 1468796 shares were traded. SRC stock price reached its highest trading level at $39.24 during the session, while it also had its lowest trading level at $38.25.

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We take a closer look at SRC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 651.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 116.25. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.81.

Upgrades & Downgrades

On November 14, 2022, BofA Securities Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $42 to $43.

On October 20, 2022, Oppenheimer started tracking the stock assigning a Perform rating and target price of $37.Oppenheimer initiated its Perform rating on October 20, 2022, with a $37 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 02 when Thomas Rochelle sold 2,815 shares for $41.29 per share. The transaction valued at 116,231 led to the insider holds 8,834 shares of the business.

Young Jay sold 17,500 shares of SRC for $717,500 on Mar 01. The EVP, CAO, CLO now owns 2,136 shares after completing the transaction at $41.00 per share. On Dec 01, another insider, GILCHRIST RICHARD I, who serves as the Director of the company, bought 6,000 shares for $41.91 each. As a result, the insider paid 251,459 and bolstered with 44,409 shares of the company.

Valuation Measures:

As of this moment, Spirit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.10, and their Forward P/E ratio for the next fiscal year is 26.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.08 while its Price-to-Book (P/B) ratio in mrq is 1.24.

Stock Price History:

Over the past 52 weeks, SRC has reached a high of $48.24, while it has fallen to a 52-week low of $34.31. The 50-Day Moving Average of the stock is 42.07, while the 200-Day Moving Average is calculated to be 40.62.

Shares Statistics:

According to the various share statistics, SRC traded on average about 877.90K shares per day over the past 3-months and 941.58k shares per day over the past 10 days. A total of 139.69M shares are outstanding, with a floating share count of 138.88M. Insiders hold about 0.53% of the company’s shares, while institutions hold 97.00% stake in the company. Shares short for SRC as of Jan 12, 2023 were 2.05M with a Short Ratio of 3.55M, compared to 2.59M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.47% and a Short% of Float of 1.98%.

Dividends & Splits

The forward annual dividend rate for SRC is 2.65, which was 2.50 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 6.38%, it implies a Forward Annual Dividend Yield of 6.05%. The stock’s 5-year Average Dividend Yield is 6.67. The current Payout Ratio is 127.70% for SRC, which recently paid a dividend on Apr 13, 2023 with an ex-dividend date of Dec 28, 2022. Stock splits for the company last occurred on Dec 12, 2018 when the company split stock in a 1:5 ratio.

Earnings Estimates

The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.35, while EPS last year was $0.33. The consensus estimate for the next quarter is $0.37, with high estimates of $0.41 and low estimates of $0.33.

Analysts are recommending an EPS of between $2.06 and $1.9 for the fiscal current year, implying an average EPS of $1.94. EPS for the following year is $1.52, with 7 analysts recommending between $1.71 and $1.36.

Revenue Estimates

According to 12 analysts, the current quarter’s revenue is expected to be $183.13M. It ranges from a high estimate of $187M to a low estimate of $177.28M. As of the current estimate, Spirit Realty Capital Inc.’s year-ago sales were $156.03M, an estimated increase of 17.40% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $186.51M, an increase of 11.00% less than the figure of $17.40% in the same quarter last year. There is a high estimate of $192M for the next quarter, whereas the lowest estimate is $180.6M.

A total of 14 analysts have provided revenue estimates for SRC’s current fiscal year. The highest revenue estimate was $716.58M, while the lowest revenue estimate was $675.61M, resulting in an average revenue estimate of $702.28M. In the same quarter a year ago, actual revenue was $608.36M, up 15.40% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $770.74M in the next fiscal year. The high estimate is $801.2M and the low estimate is $726.77M. The average revenue growth estimate for next year is up 9.70% from the average revenue estimate for this year.