Zacks Investment Research Lowers Store Capital (NYSE:STOR) to Strong Sell

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Store Capital (NYSE:STOR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “STORE Capital Corporation is an internally managed net-lease real estate investment trust. It is engaged in the acquisition, investment and management of Single Tenant Operational Real Estate (STORE properties). The Company provides net-lease solutions principally to middle-market and larger companies that own STORE Properties. It invests in single-tenant real estate such as chain restaurants, supermarkets, health clubs, and education, retail, service, and distribution facilities. STORE Capital Corporation is based in Scottsdale, Arizona. “

A number of other equities analysts have also issued reports on STOR. Raymond James restated an “average” rating on shares of PPL in a research note on Monday, May 6th. BTIG Research began coverage on Forestar Group in a research report on Monday, April 15th. They set a “buy” rating and a $23.00 price target on the stock. Berenberg Bank set a €126.00 ($146.51) price target on Nemetschek and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Morgan Stanley increased their price target on Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $34.86.

Shares of STOR stock opened at $33.78 on Tuesday. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 3.57 and a beta of 0.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty day moving average price of $34.34. Store Capital has a 1 year low of $26.93 and a 1 year high of $35.59.

Store Capital (NYSE:STOR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.26). The firm had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $152.22 million. Store Capital had a return on equity of 5.83% and a net margin of 37.19%. The business’s revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the business earned $0.44 EPS. Equities analysts predict that Store Capital will post 1.9 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Castle Rock Wealth Management LLC lifted its position in shares of Store Capital by 40.7% during the 4th quarter. Castle Rock Wealth Management LLC now owns 33,361 shares of the real estate investment trust’s stock valued at $1,069,000 after buying an additional 9,642 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Store Capital by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,367,831 shares of the real estate investment trust’s stock worth $38,724,000 after purchasing an additional 72,145 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Store Capital by 29.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 51,243 shares of the real estate investment trust’s stock worth $1,415,000 after purchasing an additional 11,623 shares in the last quarter. United Services Automobile Association lifted its holdings in Store Capital by 25.4% during the 4th quarter. United Services Automobile Association now owns 41,359 shares of the real estate investment trust’s stock worth $1,171,000 after purchasing an additional 8,384 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Store Capital by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,922,787 shares of the real estate investment trust’s stock worth $82,746,000 after purchasing an additional 229,754 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Store Capital Company Profile

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 2,255 property locations, substantially all of which are profit centers, in 49 states.

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