No. of Recommendations: 3
I recently added SRC to my portfolio after Morningstar Dividend Investor did likewise. Also, another Reitster, Rida Morwa, over at Seeking Alpha recently made the bull case for SRC here:

https://seekingalpha.com/article/4253365-spirit-realty-6_2-p...

Morningstar DI recently sold all of its shares of O based on its valuation (it's overvalued at 22x its 2019 estimate of AFFO) and used a portion of the proceeds to buy shares in SRC, which it considers to be undervalued (at 12x its 2019 estimate of AFFO).

Both Morningstar DI and Rida Morwa recognize that SRC has a lot to prove compared to O, but also see similarities in the quality of its net lease portfolio.

David
Long O and SRC
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