Brokerages forecast that Store Capital Corp (NYSE:STOR) will announce $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Store Capital’s earnings, with estimates ranging from $0.45 to $0.46. Store Capital posted earnings per share of $0.44 in the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The company is scheduled to issue its next earnings report before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that Store Capital will report full year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.91. For the next fiscal year, analysts forecast that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.91 to $2.03. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Store Capital.

Store Capital (NYSE:STOR) last released its earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.18). Store Capital had a net margin of 40.12% and a return on equity of 6.25%. The business had revenue of $146.70 million for the quarter, compared to the consensus estimate of $143.83 million. During the same period in the prior year, the business posted $0.43 EPS. Store Capital’s revenue for the quarter was up 22.1% on a year-over-year basis.

A number of equities research analysts have issued reports on the stock. BTIG Research raised their price target on shares of Store Capital to $37.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Raymond James set a $34.00 price target on shares of Store Capital and gave the stock a “buy” rating in a report on Thursday, February 28th. Mizuho set a $34.00 price target on shares of Store Capital and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Zacks Investment Research raised shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, January 15th. Finally, BMO Capital Markets set a $32.00 price target on shares of Store Capital and gave the stock a “buy” rating in a report on Monday, January 14th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.86.

Shares of Store Capital stock opened at $32.14 on Friday. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 3.42 and a beta of 0.31. Store Capital has a 12-month low of $24.04 and a 12-month high of $34.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.37 and a current ratio of 0.37.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 28th. Store Capital’s dividend payout ratio (DPR) is presently 71.74%.

A number of institutional investors have recently made changes to their positions in STOR. Vanguard Group Inc boosted its stake in shares of Store Capital by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 25,788,353 shares of the real estate investment trust’s stock valued at $716,658,000 after purchasing an additional 965,052 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Store Capital by 3.0% during the 4th quarter. BlackRock Inc. now owns 13,433,566 shares of the real estate investment trust’s stock valued at $380,308,000 after purchasing an additional 392,372 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Store Capital by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,359,692 shares of the real estate investment trust’s stock valued at $349,904,000 after purchasing an additional 436,334 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Store Capital by 40.2% during the 4th quarter. Deutsche Bank AG now owns 6,630,688 shares of the real estate investment trust’s stock valued at $187,711,000 after purchasing an additional 1,899,969 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Store Capital by 328.6% during the 4th quarter. Millennium Management LLC now owns 3,606,817 shares of the real estate investment trust’s stock valued at $102,109,000 after purchasing an additional 2,765,268 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Story: What is the Moving Average Convergence Divergence (MACD) oscillator?

Get a free copy of the Zacks research report on Store Capital (STOR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Store Capital (NYSE:STOR)

Receive News & Ratings for Store Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Store Capital and related companies with MarketBeat.com's FREE daily email newsletter.