Equities research analysts at Mizuho started coverage on shares of Store Capital Corp. (NYSE:STOR) in a research report issued to clients and investors on Thursday, The Fly reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus lifted their price target on shares of Store Capital Corp. from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, June 23rd. Zacks Investment Research raised shares of Store Capital Corp. from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Wednesday, July 27th. KeyCorp upgraded shares of Store Capital Corp. from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a research note on Thursday, July 14th. BTIG Research began coverage on shares of Store Capital Corp. in a research note on Thursday, August 25th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Credit Suisse Group AG reiterated a “sell” rating and issued a $30.00 price objective on shares of Store Capital Corp. in a research note on Monday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $30.00.
Shares of Store Capital Corp. (NYSE:STOR) traded up 1.22% on Thursday, hitting $28.19. The stock had a trading volume of 1,269,221 shares. Store Capital Corp. has a 1-year low of $21.19 and a 1-year high of $31.44. The company has a market capitalization of $4.31 billion, a PE ratio of 37.69 and a beta of 0.34. The firm has a 50-day moving average of $29.10 and a 200 day moving average of $27.97.
Store Capital Corp. (NYSE:STOR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $92 million for the quarter, compared to analysts’ expectations of $86.58 million. Store Capital Corp. had a net margin of 31.21% and a return on equity of 4.97%. Store Capital Corp.’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. On average, equities analysts anticipate that Store Capital Corp. will post $1.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.29 per share. This is an increase from Store Capital Corp.’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, September 28th. Store Capital Corp.’s payout ratio is currently 154.67%.
Several hedge funds have recently bought and sold shares of STOR. Wolverine Asset Management LLC increased its stake in Store Capital Corp. by 3.2% in the second quarter. Wolverine Asset Management LLC now owns 11,687 shares of the company’s stock worth $344,000 after buying an additional 363 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in Store Capital Corp. by 53.0% in the first quarter. BlackRock Japan Co. Ltd now owns 5,443 shares of the company’s stock worth $141,000 after buying an additional 1,885 shares in the last quarter. Barclays PLC increased its stake in Store Capital Corp. by 3.4% in the second quarter. Barclays PLC now owns 85,673 shares of the company’s stock worth $2,523,000 after buying an additional 2,804 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Store Capital Corp. by 158.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,022 shares of the company’s stock worth $147,000 after buying an additional 3,076 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Store Capital Corp. by 66.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,718 shares of the company’s stock worth $227,000 after buying an additional 3,090 shares in 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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