As of Friday close, Spirit Realty Capital Inc.’s (NYSE:SRC) stock was up $0.03, moving up 0.08 percent to $37.85. The average number of shares traded per day over the past five days has been 761,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.95 fall in that time frame. In the last twenty days, the average volume was 762,000, while in the previous 50 days, it was 695,732.
Since last month, SRC stock retreated -9.32%. Shares of the company fell to $37.54 on 08/18/23, the lowest level in the past month. A 52-week high of $44.65 was reached on 02/14/23 after having rallying from a 52-week low of $34.31. Since the beginning of this year, SRC’s stock price has dropped by -5.21% or -$2.08, and marked a new high 14 times. However, the stock has declined by -15.23% since its 52-week high.
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SRC stock investors should be aware that Spirit Realty Capital Inc. (SRC) stock had its last reported insider trading activity 74 days ago on Jun 06. Frymire Michelle M, the Director of the company, disposed of 4,000 shares for $39.75 on Jun 06. It resulted in a $159,000 divestment by the insider. Thomas Rochelle sold 2,815 shares at an average price of $41.29 on Mar 02. The insider now owns 8,834 shares following the transaction. On Mar 01, EVP, CAO, CLO Young Jay sold 17,500 shares at $41.00 apiece. The transaction was valued at $717,500.
Valuation Metrics
Right now, Spirit Realty Capital Inc. (SRC) has a P/E ratio of about 18.45. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 7.18, the price-to-book (PB) ratio of 1.22.
The latest dividend of $0.6696 per share was paid out, which is 1.0% more than last year’s $0.6630.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.87, and the total debt-to-equity ratio was 0.87. On the profitability front, the trailing twelve-month gross margin is 95.90% percent. In the year ended June 29, operating margins totaled 22.10%. Based on annual data, SRC earned $170.01 million in gross profit and brought in $709.63 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.10%. Return on equity (ROE) for the past 12 months was 6.50%.
In Spirit Realty Capital Inc.’s quarter-end financial report for June 29, it reported total debt of $3.82 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SRC’s revenue rose 7.59% to $188.29 million during the quarter, while net income inched up to $189.3 million. While analysts expected Spirit Realty Capital Inc. to report $0.36 quarterly earnings, the actual figure was $0.36 per share. During the quarter, the company generated $122.71 million in EBITDA. The value of shareholders’ equity is $141.33 million.
Technical Picture
This quick technical analysis looks at Spirit Realty Capital Inc.’s (SRC) price momentum. With a historical volatility rate of 9.23%, the RSI 9-day stood at 20.36% on 18 August.
With respect to its five-day moving average, the current Spirit Realty Capital Inc. price is down by -4.90% percent or -$1.95. At present, SRC shares trade -9.49% below its 20-day simple moving average and -1.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.31% below its SMA50 and -2.52% below its SMA200.
Stochastic coefficient K was 4.33% and Stochastic coefficient D was 4.48%, while ATR was 0.70. Given the Stochastic reading of 10.62% for the 14-day period, the RSI (14) reading has been calculated as 28.82%. As of today, the MACD Oscillator reading stands at -1.06, while the 14-day reading stands at -1.31.
Analyst Ratings
Exane BNP Paribas launched its rating on Spirit Realty Capital Inc. (NYSE: SRC) to an Underperform in a note to investors on June 14, 2023. Spirit Realty Capital Inc. (SRC) has been rated Overweight by analysts. According to 1 brokerage firm, SRC is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Spirit Realty Capital Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $42.00, the current consensus forecast for the stock is $40.00 – $58.00. Based on these forecasts, analysts predict Spirit Realty Capital Inc. (SRC) will achieve an average price target of $43.73.
