STORE Capital Corporation (STOR) Receives $27.05 Consensus Target Price from Brokerages

Shares of STORE Capital Corporation (NYSE:STOR) have been assigned an average rating of “Hold” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $27.05.

Several research firms have recently issued reports on STOR. Goldman Sachs Group, Inc. (The) lowered shares of STORE Capital Corporation from a “conviction-buy” rating to a “buy” rating and reduced their target price for the stock from $29.00 to $28.00 in a research note on Saturday, April 22nd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a research note on Wednesday. TheStreet upgraded shares of STORE Capital Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of STORE Capital Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Mizuho lowered shares of STORE Capital Corporation from a “buy” rating to a “neutral” rating and upped their target price for the stock from $23.00 to $24.00 in a research note on Tuesday, June 27th.

A number of institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC raised its position in shares of STORE Capital Corporation by 19.9% in the second quarter. Penserra Capital Management LLC now owns 4,530 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 752 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position 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 worth $120,000 after buying an additional 580 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of STORE Capital Corporation by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 409 shares in the last quarter. PNC Financial Services Group Inc. raised its position 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 worth $136,000 after buying an additional 619 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in shares of STORE Capital Corporation by 14.0% in the second quarter. TCI Wealth Advisors Inc. now owns 6,164 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 759 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

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Shares of STORE Capital Corporation (NYSE STOR) traded up 0.540% on Friday, hitting $25.145. 1,971,892 shares of the stock were exchanged. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $30.65. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 25.348 and a beta of 0.25. The stock’s 50-day moving average is $23.30 and its 200-day moving average is $22.96.

STORE Capital Corporation (NYSE:STOR) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.07. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The firm had revenue of $114.21 million during the quarter, compared to the consensus estimate of $112.27 million. During the same quarter in the previous year, the company earned $0.38 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. Analysts forecast that STORE Capital Corporation will post $0.84 earnings per share for the current year.

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.

Analyst Recommendations for STORE Capital Corporation (NYSE:STOR)

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