Spirit Realty Capital Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

San diego , jan. 26, 2024 /prnewswire/ -- realty income corporation (realty income, nyse: o), the monthly dividend company®, today announced the final calculation of the dividend tax status for its 2023 common stock dividends. additionally, realty income announced today the final calculation of the dividend tax status for spirit realty capital, inc.'s (spirit, formerly nyse: src) 2023 common stock dividends and 6.00% series a cumulative redeemable preferred stock (series a preferred stock, formerly nyse: src.pra) dividends.

San diego , jan. 23, 2024 /prnewswire/ -- realty income corporation (realty income, nyse: o), the monthly dividend company®, has closed on the previously announced merger with spirit realty capital, inc. ("spirit", nyse: src) in an all-stock transaction. the common stock of the combined company will trade under the symbol "o" on the new york stock exchange, beginning today.

San diego and dallas , jan. 19, 2024 /prnewswire/ -- realty income corporation (nyse: o) ("realty income"), the monthly dividend company®, and spirit realty capital, inc. (nyse: src) ("spirit"), today announced that spirit stockholders approved all of the proposals necessary for the closing of the previously announced merger pursuant to which realty income will acquire spirit. no approval of realty income shareholders is required in connection with the merger.

New york, jan. 17, 2024 /prnewswire/ -- e.l.f. beauty inc. (nyse: elf) will replace spirit realty capital inc. (nyse: src) in the s&p midcap 400, and peabody energy corp. (nyse:btu) will replace e.l.f. beauty in the s&p smallcap 600 effective prior to the opening of trading on tuesday, january 23. s&p 500 constituent realty income corp. (nyse: o) is acquiring spirit realty capital in a transaction expected to be completed on or about that date pending final conditions.

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of spirit realty capital, inc. (nyse: src) to realty income corporation (nyse: o). under the terms of the proposed transaction, shareholders of spirit will receive 0.762 newly-issued realty income common shares for each share of spirit that they own. ksf is seeking to determine whether this consideration and the.

I am a fan of monthly dividends, because they provide income stability and slightly increase the speed of compounding. I highlight eight monthly dividend payers that I consider to be high-quality investments with sustainable payouts. Monthly dividends are great, but not at the expense of the quality of assets, management, and balance sheet. Those factors are more important.

Spirit Realty Capital shareholders have approved the merger deal. The deal is expected to be positive for Realty Income and will result in sizable AFFO per share accretion. The merger will diversify Realty Income's portfolio and lower rent concentration for top industries and clients.

Investing in REITs primarily for high income can be risky as higher yields often correspond with higher risk. REITs with a low cost of capital can buy higher quality properties, while those with a higher cost of capital are often caught in a vicious cycle of declining quality. Several net lease REITs show the dangers of getting caught in the Vicious Cycle as well as the rewards that flow from achieving the Virtuous Cycle.

REITs faced challenges in 2023 but rebounded late in the year. The bull thesis for REITs includes attractive valuations, fading interest rate headwinds, and a moderately strong macro environment. We disagree on all three fronts and hence are downgrading both Realty Income Corporation and Spirit Realty Capital, Inc. stock.

With a new year here at last, investors should be reflecting on the past and looking to the future. For those focused on building a portfolio of dividend-paying equities, there are a number of firms out there that make sense to consider. Each of some of the best have their own positive and negative traits to them that could make them a good or bad prospect for any specific investor.

REIT stock prices have been struggling, but I believe a REIT rally is on the horizon. Some experts speculate that the Santa Claus rally has already happened. In this article, I will reveal three of my largest positions and why I own them.

Treasury Rates receded in November, leading to a rebound in equities, particularly in interest rate-sensitive sectors like utilities and real estate. The market anticipates that the Fed will maintain its pause on rate hikes in December and January, with a possibility of rate cuts coming much sooner than originally thought. It's time to make a move to build your passive income in these beaten-down dividend names as November gave us a taste of how hard and swiftly they can rally.

I decided to write Santa a letter this year. Hopefully, he will put me on the nice list (as opposed to the naughty list). I would love to find out what's on your list?

Spirit Realty (SRC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

I plan to give my children shares in real estate investment trusts as a Christmas gift to jump-start generational wealth. I recommend Realty Income, American Tower, Agree Realty, VICI Properties, MidAmerica, and Prologis Inc. as high-quality REITs. REITs are attractive because they must pay out at least 90% of taxable income in dividends, providing a steady income stream.