Understanding Spirit Realty Capital's (SRC) Upcoming Dividend Announcement and Recent Earnings Results
Spirit Realty Capital, Inc. (NYSE: SRC), a premier net lease REIT specializing in single-tenant commercial real estate, recently announced the payment of its quarterly dividend. A dividend of $0.66 per share is due to be paid on July 14, 2023, with a record date of the same day. Investors looking to cash in on this payout should note that the ex-dividend date is set for June 29, 2023, just a few business days before the record date.
To ensure receipt of this dividend, investors must have completed their SRC share purchase prior to the ex-dividend date. Buying on or after the ex-dividend date would mean the dividend will instead be sent to the previous owner of the stock. This ex-dividend date mechanism helps to clearly determine who is entitled to receive the dividend and avoids potential confusion that may arise due to transaction times in the stock market.
This upcoming dividend of $0.66 per share mirrors the last dividend paid by SRC on April 14, 2023, showing a consistency in SRC's approach to rewarding its shareholders. Regular and steady dividends are often seen as a sign of a company's health and stability, indicating robust and predictable cash flows - attributes especially valuable in the commercial real estate sector.
However, it's crucial to dig deeper than just dividend payments when analyzing a company's financial status and performance. Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend could be unsustainable. As of my knowledge cutoff in September 2021, I don't have SRC's most recent earnings data at hand. However, it is recommended that prospective investors review SRC's earnings reports in relation to its dividend payments to get a comprehensive view of the company's overall financial health.
As part of their research, potential investors should also consider factors like the company's revenue trends, net income, and debt levels. These, along with the company's dividend payout ratio (the proportion of earnings paid out as dividends), are vital factors to consider when evaluating the sustainability of a company's dividend.
Spirit Realty Capital's upcoming dividend payment reflects its continued commitment to return capital to shareholders. However, investors should always carry out a thorough analysis of a company's earnings results and financial health before making investment decisions based on dividend payouts alone.
SRC in -4.08% downward trend, sliding for three consecutive days on September 27, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SRC declined for three days, in of 284 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SRC as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SRC turned negative on September 06, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 50-day moving average for SRC moved below the 200-day moving average on September 20, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
The Aroon Indicator for SRC entered a downward trend on September 28, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SRC advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
SRC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.078) is normal, around the industry mean (1.985). P/E Ratio (16.283) is within average values for comparable stocks, (43.366). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.339). Dividend Yield (0.079) settles around the average of (0.073) among similar stocks. P/S Ratio (6.296) is also within normal values, averaging (6.169).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SRC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SRC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a real estate investment trust
Industry RealEstateInvestmentTrusts
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| NAIL | 56.76 | 2.69 | +4.98% |
| Direxion Daily Hmbldrs&Supls Bull 3X ETF | |||
| OVS | 28.88 | 0.37 | +1.29% |
| Overlay Shares Small Cap Equity ETF | |||
| NANR | 53.40 | 0.23 | +0.43% |
| SPDR S&P® North American Natural Res ETF | |||
| GEMD | 38.30 | 0.08 | +0.21% |
| Goldman Sachs Access Emrg Mkts USD BdETF | |||
| INDA | 44.25 | -0.34 | -0.76% |
| iShares MSCI India ETF | |||
SRC and
Correlation & Price change
A.I.dvisor indicates that over the last year, SRC has been closely correlated with NNN. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if SRC jumps, then NNN could also see price increases.
| Ticker / NAME | Correlation To SRC | 1D Price Change % | ||
|---|---|---|---|---|
| SRC | 100% | +1.80% | ||
| NNN - SRC | 82% Closely correlated | +0.92% | ||
| EPRT - SRC | 81% Closely correlated | +2.26% | ||
| O - SRC | 80% Closely correlated | -0.08% | ||
| FCPT - SRC | 79% Closely correlated | +1.15% | ||
| KIM - SRC | 78% Closely correlated | +0.80% | ||
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