Store Capital (STOR) Lifted to Buy at ValuEngine

Store Capital (NYSE:STOR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Other research analysts have also issued reports about the company. SunTrust Banks reissued a “buy” rating and set a $25.00 price target on shares of Store Capital in a report on Tuesday, October 24th. Robert W. Baird reissued a “buy” rating on shares of Store Capital in a report on Friday, October 20th. BidaskClub raised Store Capital from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Stifel Nicolaus raised their price target on Store Capital from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Zacks Investment Research raised Store Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.00.

Shares of Store Capital (NYSE STOR) traded down $0.51 on Tuesday, hitting $24.25. The stock had a trading volume of 1,025,223 shares, compared to its average volume of 1,461,545. The firm has a market capitalization of $4,610.00, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 2.84 and a beta of 0.24. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.57 and a quick ratio of 0.57. Store Capital has a 52 week low of $19.65 and a 52 week high of $26.58.

Store Capital (NYSE:STOR) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.24). Store Capital had a net margin of 35.67% and a return on equity of 5.35%. research analysts expect that Store Capital will post 1.6 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in STOR. Berkshire Hathaway Inc. acquired a new position in shares of Store Capital in the 2nd quarter valued at $418,057,000. Cbre Clarion Securities LLC boosted its position in shares of Store Capital by 272.6% in the 2nd quarter. Cbre Clarion Securities LLC now owns 4,890,472 shares of the real estate investment trust’s stock valued at $109,791,000 after purchasing an additional 3,577,846 shares during the period. BlackRock Inc. boosted its position in shares of Store Capital by 11.4% in the 2nd quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock valued at $254,025,000 after purchasing an additional 1,162,257 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Store Capital by 111.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,379,729 shares of the real estate investment trust’s stock valued at $30,974,000 after purchasing an additional 726,377 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Store Capital by 95.3% in the 3rd quarter. American Century Companies Inc. now owns 1,440,772 shares of the real estate investment trust’s stock valued at $35,832,000 after purchasing an additional 703,094 shares during the period. 95.68% of the stock is currently owned by hedge funds and other institutional investors.

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Store Capital 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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