BidaskClub upgraded shares of STORE Capital Corporation (NYSE:STOR) from a strong sell rating to a sell rating in a report published on Tuesday, June 27th.
A number of other equities research analysts also recently commented on the company. Ladenburg Thalmann Financial Services reiterated a hold rating on shares of STORE Capital Corporation in a research report on Tuesday, June 27th. Mizuho downgraded STORE Capital Corporation from a buy rating to a neutral rating and boosted their target price for the stock from $23.00 to $24.00 in a research report on Tuesday, June 27th. Wunderlich decreased their price objective on STORE Capital Corporation from $27.50 to $25.00 and set a buy rating on the stock in a research report on Monday, May 15th. ValuEngine downgraded STORE Capital Corporation from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus reduced their price target on STORE Capital Corporation from $27.50 to $25.50 and set a buy rating on the stock in a report on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $27.54.
Shares of STORE Capital Corporation (NYSE STOR) opened at 23.52 on Tuesday. The firm has a market capitalization of $4.02 billion, a P/E ratio of 28.44 and a beta of 0.23. STORE Capital Corporation has a 12 month low of $19.65 and a 12 month high of $31.44. The company has a 50 day moving average of $20.80 and a 200-day moving average of $23.30.
STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.22. The business had revenue of $108 million during the quarter, compared to the consensus estimate of $105.51 million. STORE Capital Corporation had a return on equity of 5.22% and a net margin of 33.06%. The business’s revenue was up 26.8% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. Analysts predict that STORE Capital Corporation will post $0.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid 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 4.93%. STORE Capital Corporation’s payout ratio is currently 138.10%.
In other STORE Capital Corporation news, Director Joseph M. Donovan bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average cost of $20.81 per share, for a total transaction of $104,050.00. Following the transaction, the director now directly owns 35,694 shares of the company’s stock, valued at $742,792.14. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Catherine F. Long acquired 4,905 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was purchased at an average price of $20.39 per share, for a total transaction of $100,012.95. Following the completion of the acquisition, the chief financial officer now owns 149,992 shares in the company, valued at approximately $3,058,336.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,905 shares of company stock valued at $305,763 in the last quarter. Company insiders own 0.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in STORE Capital Corporation by 11.4% in the first quarter. Vanguard Group Inc. now owns 26,135,584 shares of the real estate investment trust’s stock valued at $624,117,000 after buying an additional 2,679,671 shares during the last quarter. FMR LLC raised its stake in STORE Capital Corporation by 5.9% in the first quarter. FMR LLC now owns 23,435,033 shares of the real estate investment trust’s stock valued at $559,628,000 after buying an additional 1,306,532 shares during the last quarter. BlackRock Inc. raised its stake in STORE Capital Corporation by 3,974.5% in the first quarter. BlackRock Inc. now owns 10,152,844 shares of the real estate investment trust’s stock valued at $242,450,000 after buying an additional 9,903,666 shares during the last quarter. Principal Financial Group Inc. raised its stake in STORE Capital Corporation by 9.9% in the first quarter. Principal Financial Group Inc. now owns 9,948,918 shares of the real estate investment trust’s stock valued at $237,690,000 after buying an additional 899,281 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in STORE Capital Corporation by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 7,579,529 shares of the real estate investment trust’s stock valued at $180,999,000 after buying an additional 1,561,407 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.
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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