STORE Capital Corporation (NYSE:STOR) Given Average Recommendation of “Hold” by Analysts
STORE Capital Corporation (NYSE:STOR) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $27.05.
A number of equities analysts have issued reports on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of STORE Capital Corporation in a report on Tuesday, June 27th. Capital One Financial Corporation reissued a “buy” rating and issued a $30.00 target price on shares of STORE Capital Corporation in a report on Friday, June 30th. Zacks Investment Research cut shares of STORE Capital Corporation from a “hold” rating to a “strong sell” rating in a report on Saturday, July 1st. Mizuho cut shares of STORE Capital Corporation from a “buy” rating to a “neutral” rating and raised their target price for the stock from $23.00 to $24.00 in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) raised shares of STORE Capital Corporation from a “buy” rating to a “conviction-buy” rating in a report on Thursday, April 20th.
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Several large investors have recently added to or reduced their stakes in STOR. Penserra Capital Management LLC boosted its stake in STORE Capital Corporation by 19.9% in the second quarter. Penserra Capital Management LLC now owns 4,530 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 752 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in STORE Capital Corporation by 12.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 580 shares during the period. PNC Financial Services Group Inc. boosted its stake in STORE Capital Corporation by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 619 shares during the period. TCI Wealth Advisors Inc. boosted its stake in STORE Capital Corporation by 14.0% in the second quarter. TCI Wealth Advisors Inc. now owns 6,164 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 759 shares during the period. Finally, Ffcm LLC boosted its stake in STORE Capital Corporation by 304.0% in the second quarter. Ffcm LLC now owns 7,418 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 5,582 shares during the period. 92.67% of the stock is currently owned by institutional investors.
STORE Capital Corporation (STOR) traded down 0.67% during mid-day trading on Friday, hitting $23.70. The stock had a trading volume of 1,286,366 shares. The company has a 50-day moving average of $23.09 and a 200-day moving average of $22.98. STORE Capital Corporation has a 12-month low of $19.65 and a 12-month high of $30.65. The firm has a market cap of $4.49 billion, a PE ratio of 23.89 and a beta of 0.25.
STORE Capital Corporation (NYSE:STOR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.07. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The business had revenue of $114.21 million during the quarter, compared to the consensus estimate of $112.27 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue was up 24.2% on a year-over-year basis. Analysts expect that STORE Capital Corporation will post $0.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.89%. STORE Capital Corporation’s dividend payout ratio (DPR) is presently 118.37%.
STORE Capital Corporation Company Profile
STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.
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