Mizuho Begins Coverage on Store Capital Corp. (STOR)
Several other research analysts also recently commented on STOR. Stifel Nicolaus raised their price target on shares of Store Capital Corp. from $28.00 to $29.00 and gave the company a buy rating in a report on Thursday, June 23rd. KeyCorp upgraded shares of Store Capital Corp. from a sector weight rating to an overweight rating and set a $35.00 price objective on the stock in a research report on Thursday, July 14th. Zacks Investment Research upgraded shares of Store Capital Corp. from a hold rating to a buy rating and set a $34.00 price objective on the stock in a research report on Wednesday, July 27th. BTIG Research initiated coverage on shares of Store Capital Corp. in a research report on Thursday, August 25th. They set a buy rating and a $35.00 price objective on the stock. Finally, Credit Suisse Group AG restated a sell rating and set a $30.00 price objective on shares of Store Capital Corp. in a research report on Monday, August 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $30.04.
Shares of Store Capital Corp. (NYSE:STOR) opened at 28.17 on Thursday. Store Capital Corp. has a 12 month low of $21.19 and a 12 month high of $31.44. The firm’s 50-day moving average is $29.00 and its 200-day moving average is $28.03. The company has a market cap of $4.30 billion, a PE ratio of 37.66 and a beta of 0.34.
Store Capital Corp. (NYSE:STOR) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.40 EPS for the quarter, beating 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 firm earned $92 million during the quarter, compared to the consensus estimate of $86.58 million. During the same period last year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, equities research analysts predict 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. This is a positive change from Store Capital Corp.’s previous quarterly dividend of $0.27. 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 4.12%. Store Capital Corp.’s payout ratio is presently 154.67%.
Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Store Capital Corp. by 55.9% in the first quarter. Geode Capital Management LLC now owns 591,892 shares of the company’s stock worth $15,318,000 after buying an additional 212,264 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Store Capital Corp. during the first quarter worth $1,625,000. UBS Asset Management Americas Inc. raised its stake in shares of Store Capital Corp. by 47.8% in the first quarter. UBS Asset Management Americas Inc. now owns 180,866 shares of the company’s stock worth $4,681,000 after buying an additional 58,484 shares during the last quarter. UBS Group AG raised its stake in shares of Store Capital Corp. by 33.9% in the first quarter. UBS Group AG now owns 20,027 shares of the company’s stock worth $518,000 after buying an additional 5,073 shares during the last quarter. Finally, Credit Agricole S A raised its stake in shares of Store Capital Corp. by 94.9% in the first quarter. Credit Agricole S A now owns 43,151 shares of the company’s stock worth $1,117,000 after buying an additional 21,011 shares during the last quarter.
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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