STORE Capital Corporation (NYSE:STOR) posted its earnings results on Thursday. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.07, MarketWatch Earnings reports. The company had revenue of $114.21 million for the quarter, compared to analysts’ expectations of $112.27 million. STORE Capital Corporation had a return on equity of 6.32% and a net margin of 38.71%. The company’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS.

Shares of STORE Capital Corporation (NYSE:STOR) traded up 1.48% during mid-day trading on Friday, reaching $23.97. 1,518,085 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $22.40 and a 200 day moving average price of $23.02. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 28.98 and a beta of 0.25. STORE Capital Corporation has a 12-month low of $19.65 and a 12-month high of $30.98.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.29 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.16 annualized dividend and a yield of 4.84%. STORE Capital Corporation’s dividend payout ratio (DPR) is presently 118.37%.

In related news, CFO Catherine F. Long bought 4,905 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were acquired at an average cost of $20.39 per share, for a total transaction of $100,012.95. Following the purchase, the chief financial officer now directly owns 149,992 shares of the company’s stock, valued at $3,058,336.88. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark N. Sklar bought 5,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was bought at an average price of $20.34 per share, for a total transaction of $101,700.00. Following the completion of the purchase, the director now directly owns 7,144 shares in the company, valued at $145,308.96. The disclosure for this purchase can be found here. Insiders acquired a total of 14,905 shares of company stock worth $305,763 over the last 90 days. Insiders own 0.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its position in shares of STORE Capital Corporation by 2.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,867 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 367 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of STORE Capital Corporation by 1.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,667 shares of the real estate investment trust’s stock valued at $589,000 after buying an additional 450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of STORE Capital Corporation by 5.8% in 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 stake in shares of 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 valued at $120,000 after buying an additional 580 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of 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 valued at $136,000 after buying an additional 619 shares during the last quarter. Institutional investors and hedge funds own 95.61% of the company’s stock.

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Several research analysts have recently weighed in on STOR shares. Ladenburg Thalmann Financial Services cut shares of STORE Capital Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, May 10th. Capital One Financial Corporation reaffirmed a “buy” rating and issued a $30.00 price target on shares of STORE Capital Corporation in a report on Friday, June 30th. Stifel Nicolaus decreased their price target on shares of STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a report on Monday, May 15th. BTIG Research reaffirmed a “buy” rating and issued a $28.00 price target on shares of STORE Capital Corporation in a report on Friday, June 30th. Finally, Goldman Sachs Group, Inc. (The) cut STORE Capital Corporation from a “conviction-buy” rating to a “buy” rating and reduced their target price for the company from $29.00 to $28.00 in a research note on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.54.

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.

Earnings History for STORE Capital Corporation (NYSE:STOR)

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