Store Capital (NYSE:STOR) PT Raised to $39.00

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Store Capital (NYSE:STOR) had its price objective upped by equities research analysts at Morgan Stanley from $36.00 to $39.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price points to a potential upside of 5.52% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Store Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Raymond James set a $39.00 target price on shares of Store Capital and gave the stock a “buy” rating in a research report on Monday, August 26th. Deutsche Bank began coverage on shares of Store Capital in a research report on Tuesday, August 27th. They set a “buy” rating and a $40.00 target price on the stock. BMO Capital Markets restated a “buy” rating and issued a $35.00 price target on shares of Store Capital in a research note on Monday, August 5th. Finally, ValuEngine lowered shares of Store Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Store Capital currently has an average rating of “Buy” and a consensus target price of $37.38.

Shares of STOR stock opened at $36.96 on Tuesday. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 3.80 and a beta of 0.18. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.52. Store Capital has a fifty-two week low of $26.93 and a fifty-two week high of $38.76. The firm’s 50 day moving average price is $36.46 and its two-hundred day moving average price is $34.33.

Store Capital (NYSE:STOR) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). The business had revenue of $163.80 million for the quarter, compared to analyst estimates of $162.18 million. Store Capital had a net margin of 36.14% and a return on equity of 5.73%. The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. On average, equities analysts forecast that Store Capital will post 1.9 EPS for the current fiscal year.

In other Store Capital news, Director Joseph M. Donovan bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $36.11 per share, with a total value of $72,220.00. Following the acquisition, the director now owns 55,794 shares of the company’s stock, valued at $2,014,721.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new stake in shares of Store Capital during the 2nd quarter worth $27,000. Advisory Services Network LLC lifted its position in shares of Store Capital by 100.0% during the 1st quarter. Advisory Services Network LLC now owns 1,000 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 500 shares during the last quarter. Heritage Wealth Advisors lifted its position in shares of Store Capital by 120.0% during the 2nd quarter. Heritage Wealth Advisors now owns 1,100 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 600 shares during the last quarter. NewSquare Capital LLC lifted its position in shares of Store Capital by 230.8% during the 2nd quarter. NewSquare Capital LLC now owns 1,257 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 877 shares during the last quarter. Finally, SRS Capital Advisors Inc. bought a new stake in shares of Store Capital during the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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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