Store Capital Corp. (STOR) Research Coverage Started at Mizuho
Equities research analysts at Mizuho began coverage on shares of Store Capital Corp. (NYSE:STOR) in a report issued on Thursday, The Fly reports. The firm set a “buy” rating on the stock.
Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group AG reissued a “sell” rating and set a $30.00 price target on shares of Store Capital Corp. in a research report on Monday, August 29th. BTIG Research assumed coverage on shares of Store Capital Corp. in a report on Thursday, August 25th. They issued a “buy” rating and a $35.00 target price on the stock. Zacks Investment Research cut shares of Store Capital Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. KeyCorp upgraded shares of Store Capital Corp. from a “sector weight” rating to an “overweight” rating and set a $35.00 target price on the stock in a report on Thursday, July 14th. Finally, Stifel Nicolaus raised their target price on shares of Store Capital Corp. from $29.00 to $31.50 and gave the stock a “buy” rating in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.00.
Shares of Store Capital Corp. (NYSE:STOR) traded up 1.22% during midday trading on Thursday, reaching $28.19. 1,269,221 shares of the company’s stock were exchanged. The stock has a market cap of $4.31 billion, a price-to-earnings 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. has a one year low of $21.19 and a one year high of $31.44.
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Store Capital Corp. (NYSE:STOR) last announced its earnings results on Thursday, August 4th. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. Store Capital Corp. had a net margin of 31.21% and a return on equity of 4.97%. The business earned $92 million during the quarter, compared to the consensus estimate of $86.58 million. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, equities research analysts anticipate that Store Capital Corp. will post $1.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a dividend of $0.29 per share. This is a boost from Store Capital Corp.’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, September 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.11%. Store Capital Corp.’s payout ratio is 154.67%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC World Markets Inc. purchased a new position in Store Capital Corp. during the first quarter worth $341,000. Teachers Advisors Inc. boosted its position in Store Capital Corp. by 15.0% in the first quarter. Teachers Advisors Inc. now owns 53,758 shares of the company’s stock worth $1,391,000 after buying an additional 7,004 shares during the period. BlackRock Inc. boosted its position in Store Capital Corp. by 111.0% in the first quarter. BlackRock Inc. now owns 273,071 shares of the company’s stock worth $7,068,000 after buying an additional 143,675 shares during the period. BlackRock Group LTD boosted its position in Store Capital Corp. by 160.4% in the first quarter. BlackRock Group LTD now owns 1,113,528 shares of the company’s stock worth $28,820,000 after buying an additional 685,886 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Store Capital Corp. by 6.1% in the first quarter. BlackRock Fund Advisors now owns 1,094,235 shares of the company’s stock worth $28,319,000 after buying an additional 63,296 shares during the period.
About Store Capital Corp.
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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