Wall Street analysts forecast that STORE Capital Corporation (NYSE:STOR) will post earnings of $0.39 per share for the current quarter, Zacks reports. Five analysts have provided estimates for STORE Capital Corporation’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.38. STORE Capital Corporation reported earnings of $0.24 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 62.5%. The company is scheduled to issue its next earnings results before the market opens on Thursday, November 2nd.

On average, analysts expect that STORE Capital Corporation will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.67. For the next financial year, analysts forecast that the business will report earnings of $1.75 per share, with EPS estimates ranging from $1.66 to $1.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow STORE Capital Corporation.

STORE Capital Corporation (NYSE:STOR) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.07). The company had revenue of $114.21 million during the quarter, compared to the consensus estimate of $112.27 million. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS.

STOR has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of STORE Capital Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of STORE Capital Corporation in a research note on Tuesday, June 27th. Mizuho raised shares of STORE Capital Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.50 to $27.00 in a research note on Thursday, August 31st. Capital One Financial Corporation restated a “buy” rating and issued a $30.00 price target on shares of STORE Capital Corporation in a report on Friday, June 30th. Finally, BidaskClub upgraded shares of STORE Capital Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.55.

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In other STORE Capital Corporation news, Director William Franklin Hipp acquired 4,000 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $25.18 per share, with a total value of $100,720.00. Following the completion of the purchase, the director now owns 18,499 shares of the company’s stock, valued at $465,804.82. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of STOR. 1st Global Advisors Inc. lifted its holdings in shares of STORE Capital Corporation by 0.9% in the second quarter. 1st Global Advisors Inc. now owns 24,112 shares of the real estate investment trust’s stock valued at $541,000 after purchasing an additional 222 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of STORE Capital Corporation by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 409 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of STORE Capital Corporation by 5.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,079 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 497 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of STORE Capital Corporation by 12.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 580 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of STORE Capital Corporation by 12.2% during the first quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 619 shares during the last quarter.

Shares of STORE Capital Corporation (NYSE:STOR) traded up 0.88% during midday trading on Friday, hitting $25.09. 901,196 shares of the stock traded hands. The stock has a market capitalization of $4.76 billion, a P/E ratio of 25.29 and a beta of 0.23. The firm has a 50-day moving average price of $24.87 and a 200-day moving average price of $23.14. STORE Capital Corporation has a 52 week low of $19.65 and a 52 week high of $29.92.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from STORE Capital Corporation’s previous quarterly dividend of $0.29. STORE Capital Corporation’s payout ratio is 126.53%.

About STORE Capital Corporation

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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