SRC Stock Recent News

Since our last analysis, Realty Income has delivered a 17.2% return and completed its merger with Spirit Realty Capital. As the interest rate environment transitions to a rate-cutting cycle, the company's growth prospects are on the rise. DCF analysis shows conservative growth estimates, factoring in historical growth rates and recent mergers, with AFFO providing a clear view of sustainable earnings.

ATRN-119 is the first and only macrocyclic ATR inhibitor in the clinic, with best in class potential On track to complete dose escalation in ABOYA-119 clinical trial and potentially generate initial human efficacy data in 2H 2024 Through the first 5 cohorts, ATRN-119 has been found to be safe and well tolerated with no dose limiting toxicities (DLTs) observed DOYLESTOWN, Pa., May 28, 2024 (GLOBE NEWSWIRE) -- Aprea Therapeutics, Inc. (Nasdaq: APRE) (“Aprea”, or the “Company”), a clinical-stage biopharmaceutical company focused on precision oncology through synthetic lethality, today announced that the Safety Review Committee (SRC) overseeing the ongoing ABOYA-119 clinical trial has determined that dosing of patients with ATRN-119 at 800 mg once daily (Cohort 6) can commence and that Cohort 6 is open for enrollment.

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.

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.

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).

Realty Income has agreed to buy peer Spirit Realty in an all-stock deal. It will take on Spirit's $4.1 billion in debt.

Realty Income pays a high-yielding, steadily rising dividend. The REIT also has an excellent track record of growing its cash flow.

Realty Income is the largest net lease REIT. Realty Income has inked a deal to buy peer Spirit Realty, resulting in a quick spike in Spirit's share price.

Realty Income Corporation is set to acquire Spirit Realty Capital Inc., causing Spirit Realty Capital's stock price to surge 8%. Realty Income's stock price fell 6% due to the transaction risk, but the acquisition is expected to strengthen its core retail business and grow its industrial operations. The acquisition is seen as a positive move for Realty Income, with the potential for increased diversification and improved financial performance.

Realty Income Corporation's acquisition of Spirit Realty Capital, Inc. received a negative market reaction, causing a drop in Realty Income's stock price. The acquisition is done in all stock and is immediately accretive to Realty Income's AFFO/share. The market's negative reaction may stem from an unrealistic view of Realty Income's portfolio and the dilution of its perceived quality.