Spirit Story

SRC -- USA Stock

USD 43.11 1.37 3.08%

Macroaxis Story

It looks like Vici Properties will continue to recover much faster as its share price surged up 2.84% today to Spirit Realty's 4.5177%. As many rational traders are trying to avoid real estate space, it makes sense to go over Spirit Realty Capital a little further and understand how it stands against Vici Properties and other similar entities. We are going to analyze some of the competitive aspects of both Spirit and Vici Properties.

Published few days ago

View all stories for Spirit Realty | View All Stories

Will Spirit Realty (NYSE:SRC) shadow Vici Properties price rise?

By analyzing existing forward indicators between Spirit Realty and Vici Properties, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Vici Properties with a short position in Spirit Realty. Check out our pair correlation module for more information.

Let's begin by analyzing the assets. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Spirit Realty has an asset utilization ratio of 6.96 percent. This suggests that the company is making $0.0696 for each dollar of assets. An increasing asset utilization means that Spirit Realty Capital is more efficient with each dollar of assets it utilizes for everyday operations.

Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two companies, such as Spirit or Store is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

UNDERSTANDING Spirit Realty dividends

A dividend is the distribution of a portion of Spirit Realty earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Spirit Realty dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Spirit one year expected dividend income is about $1.25 per share.

As of February 25, 2021, Payment of Dividends and Other Cash Distributions is expected to decline to about (344.9 M). In addition to that, Dividend Yield is expected to decline to 0.05.

	Last Reported	Projected for 2021
Payment of Dividends and Other Cash Distributions	-336.1 M	-344.9 M
Dividend Yield	0.06	0.05
Dividends per Basic Common Share	0.62	0.56

Investing in dividend-paying stocks, such as Spirit Realty Capital is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Spirit Realty must own a stock before its ex-dividend date to receive its next dividend.

This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Spirit Realty. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How important is Spirit Realty's Liquidity

Spirit Realty financial leverage refers to using borrowed capital as a funding source to finance Spirit Realty Capital ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Spirit Realty financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Spirit Realty's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.

It is good to see analyst projects for Spirit Realty, but it might be worth checking our own buy vs. sell analysis

Correlation Between Spirit and Store Capital Corpstore

In general, stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Spirit Realty together with similar or unrelated positions with a negative correlation. For example, you can also add Store Capital to your portfolio. If Store Capital is not perfectly correlated to Spirit Realty it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Spirit Realty for example, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.

Please check pair correlation details between SRC and STOR for more information.

Payment of 3475 shares by Ken Heimlich of Spirit Realty subject to Rule 16b-3

Legal trades by Spirit Realty insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:

Spirit insider trading alert for payment of common stock par value $0.05 per share by Ken Heimlich, EVP Chief Investment Officer, on 3rd of February 2021. This event was filed by Spirit Realty Capital Inc with SEC on 2021-02-03. Statement of changes in beneficial ownership - SEC Form 4. Ken Heimlich currently serves as executive vice president, head of asset management of Spirit Realty Capital [view details]

Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking down the case for Spirit Realty

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Now, let's check Spirit Realty revenue. Based on the latest financial disclosure, Spirit Realty Capital reported 544.02 M of revenue. This is 64.13% lower than that of the Real Estate sector and significantly higher than that of the REIT?Diversified industry. The revenue for all United States stocks is 94.23% higher than that of Spirit Realty Capital. As for Vici Properties we see revenue of 1.08 B, which is much higher than that of the REIT?Diversified

	Spirit	544.02 Million
	Sector	0.0
	Vici Properties	1.08 Billion

544 M

Spirit

Sector

1.1 B

Vici Properties

Our take on today Spirit Realty rise

Spirit Realty current downside deviation builds up over 2.01. Spirit Realty Capital currently demonstrates below-verage downside deviation. It has Information Ratio of 0.07 and Jensen Alpha of 0.07. However, we do advice investors to further question Spirit Realty Capital expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Our Conclusion on Spirit Realty

Whereas other companies under the reit?diversified industry are still a bit expensive, Spirit Realty may offer a potential longer-term growth to investors. With a less-than optimistic outlook for your 30 days horizon, it may be a good time to exit some or all of your Spirit Realty holdings as it seems the potential growth was already fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Spirit Realty.

About Contributor

Achuva Shats is a Member of Macroaxs Editorial Board. Achuva writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce View Profile

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Spirit Realty Capital. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2021 Macroaxis LLC