Several other equities research analysts also recently commented on the stock. Credit Suisse Group AG reiterated a sell rating and set a $30.00 price objective on shares of Store Capital Corp. in a research note on Monday, August 29th. KeyCorp upgraded shares of Store Capital Corp. from a sector weight rating to an overweight rating and set a $35.00 target price for the company in a research report on Thursday, July 14th. Zacks Investment Research downgraded shares of Store Capital Corp. from a buy rating to a hold rating in a research report on Thursday, August 18th. Stifel Nicolaus boosted their target price on shares of Store Capital Corp. from $29.00 to $31.50 and gave the company a buy rating in a research report on Monday, July 11th. Finally, BTIG Research assumed coverage on shares of Store Capital Corp. in a research report on Thursday, August 25th. They set a buy rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $29.89.
Store Capital Corp. (NYSE:STOR) opened at 28.27 on Thursday. Store Capital Corp. has a one year low of $21.19 and a one year high of $31.44. The company has a 50-day moving average of $28.96 and a 200 day moving average of $28.05. The company has a market cap of $4.32 billion, a P/E ratio of 37.79 and a beta of 0.34.
Store Capital Corp. (NYSE:STOR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Store Capital Corp. had a net margin of 31.21% and a return on equity of 4.97%. The business earned $92 million during the quarter, compared to the consensus estimate of $86.58 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. Analysts anticipate that Store Capital Corp. will post $1.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.10%. This is a boost from Store Capital Corp.’s previous quarterly dividend of $0.27. Store Capital Corp.’s payout ratio is currently 154.67%.
Several hedge funds have recently added to or reduced their stakes in STOR. Duff & Phelps Investment Management Co. boosted its stake in Store Capital Corp. by 22.0% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,218,768 shares of the company’s stock worth $65,387,000 after buying an additional 400,013 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Store Capital Corp. during the third quarter worth $295,000. Eagle Asset Management Inc. acquired a new position in Store Capital Corp. during the third quarter worth $1,985,000. Macquarie Group Ltd. raised its position in Store Capital Corp. by 2.1% in the second quarter. Macquarie Group Ltd. now owns 956,732 shares of the company’s stock worth $28,176,000 after buying an additional 19,432 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in Store Capital Corp. during the second quarter worth $225,000.
Store Capital Corp. 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. The Company’s portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states.
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