Shares of Store Capital Corp (NYSE:STOR) have been assigned an average recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $35.67.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Store Capital from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets restated a “buy” rating and issued a $35.00 target price on shares of Store Capital in a report on Monday, August 5th. Morgan Stanley increased their target price on Store Capital from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. ValuEngine lowered Store Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Raymond James increased their target price on Store Capital from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, May 6th.
Several large investors have recently made changes to their positions in STOR. Dimensional Fund Advisors LP raised its holdings in shares of Store Capital by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,922,787 shares of the real estate investment trust’s stock worth $82,746,000 after acquiring an additional 229,754 shares in the last quarter. Norges Bank purchased a new stake in shares of Store Capital during the fourth quarter worth $49,165,000. Geode Capital Management LLC raised its holdings in shares of Store Capital by 26.2% during the fourth quarter. Geode Capital Management LLC now owns 1,935,183 shares of the real estate investment trust’s stock worth $54,785,000 after acquiring an additional 401,416 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Store Capital by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 83,960 shares of the real estate investment trust’s stock worth $2,811,000 after acquiring an additional 743 shares in the last quarter. Finally, Country Club Trust Company n.a. purchased a new stake in shares of Store Capital during the first quarter worth $3,241,000. Institutional investors and hedge funds own 90.92% of the company’s stock.
Shares of STOR traded up $0.25 during trading hours on Thursday, hitting $36.22. 1,244,856 shares of the company were exchanged, compared to its average volume of 1,560,375. The company has a market capitalization of $8.24 billion, a PE ratio of 19.68, a PEG ratio of 3.80 and a beta of 0.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a fifty day simple moving average of $34.41 and a 200-day simple moving average of $33.57. Store Capital has a one year low of $26.93 and a one year high of $36.39.
Store Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.17). The company had revenue of $163.80 million for the quarter, compared to the consensus estimate of $162.18 million. Store Capital had a return on equity of 5.73% and a net margin of 36.14%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. Sell-side analysts expect that Store Capital will post 1.9 EPS for the current year.
About Store Capital
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,255 property locations, substantially all of which are profit centers, in 49 states.
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