SunTrust Banks set a $27.00 price target on STORE Capital (NYSE:STOR) in a report published on Tuesday. The firm currently has a buy rating on the real estate investment trust’s stock. SunTrust Banks also issued estimates for STORE Capital’s Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.75 EPS, FY2019 earnings at $1.84 EPS, FY2020 earnings at $1.92 EPS, FY2021 earnings at $1.98 EPS and FY2022 earnings at $2.05 EPS.
A number of other research analysts have also recently commented on STOR. Zacks Investment Research upgraded STORE Capital from a sell rating to a hold rating in a research note on Friday, March 9th. B. Riley set a $26.00 price target on STORE Capital and gave the stock a hold rating in a research note on Friday, February 23rd. Wells Fargo reduced their price objective on STORE Capital from $27.00 to $26.00 and set a market perform rating on the stock in a research note on Tuesday, March 20th. Robert W. Baird reiterated a buy rating on shares of STORE Capital in a research note on Tuesday, February 27th. Finally, ValuEngine cut STORE Capital from a buy rating to a hold rating in a research note on Friday, February 2nd. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $26.91.
NYSE:STOR opened at $25.08 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 0.57. STORE Capital has a 52 week low of $19.65 and a 52 week high of $26.58. The firm has a market cap of $4,960.07, a price-to-earnings ratio of 14.67, a PEG ratio of 2.92 and a beta of 0.12.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Wednesday, March 28th. STORE Capital’s payout ratio is currently 72.51%.
In other STORE Capital news, Director Joseph M. Donovan bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $23.75 per share, with a total value of $95,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Catherine F. Long bought 4,225 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $23.70 per share, for a total transaction of $100,132.50. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 12,475 shares of company stock worth $295,603. Insiders own 0.90% of the company’s stock.
A number of large investors have recently bought and sold shares of STOR. Deutsche Bank AG increased its holdings in STORE Capital by 33.9% in the fourth quarter. Deutsche Bank AG now owns 5,628,303 shares of the real estate investment trust’s stock valued at $146,557,000 after buying an additional 1,425,053 shares during the last quarter. Millennium Management LLC purchased a new position in STORE Capital in the fourth quarter valued at $17,041,000. Macquarie Group Ltd. increased its holdings in STORE Capital by 1,073.4% in the fourth quarter. Macquarie Group Ltd. now owns 645,396 shares of the real estate investment trust’s stock valued at $16,770,000 after buying an additional 590,396 shares during the last quarter. Advisory Research Inc. purchased a new position in STORE Capital in the fourth quarter valued at $14,812,000. Finally, American Century Companies Inc. increased its holdings in STORE Capital by 35.2% in the fourth quarter. American Century Companies Inc. now owns 1,948,448 shares of the real estate investment trust’s stock valued at $50,738,000 after buying an additional 507,676 shares during the last quarter. 94.20% of the stock is currently owned by hedge funds and other institutional investors.
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About STORE Capital
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 1,921 property locations, substantially all of which are profit centers, in 48 states.
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