Brokerages Set Store Capital Corp (NYSE:STOR) Target Price at $37.14
Store Capital Corp (NYSE:STOR) has earned an average rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.14.
A number of equities research analysts have issued reports on STOR shares. Morgan Stanley upped their price target on shares of Store Capital from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, September 17th. Zacks Investment Research cut shares of Store Capital from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Deutsche Bank began coverage on shares of Store Capital in a research note on Tuesday, August 27th. They issued a “buy” rating and a $40.00 target price for the company. Finally, Raymond James set a $39.00 target price on shares of Store Capital and gave the company a “buy” rating in a research note on Monday, August 26th.
In related news, Director Joseph M. Donovan bought 10,000 shares of Store Capital stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $37.30 per share, for a total transaction of $373,000.00. 0.84% of the stock is currently owned by company insiders.
STOR stock opened at $37.30 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.37 and a quick ratio of 0.37. Store Capital has a 52-week low of $27.35 and a 52-week high of $40.96. The company has a 50-day moving average of $39.71 and a two-hundred day moving average of $36.78. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 4.03 and a beta of 0.18.
Store Capital (NYSE:STOR) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. Store Capital had a net margin of 44.09% and a return on equity of 6.92%. The company had revenue of $171.80 million during the quarter, compared to analysts’ expectations of $167.38 million. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. Equities analysts expect that Store Capital will post 1.91 EPS for the current fiscal 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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