STORE Capital Corporation (STOR) Given Hold Rating at KeyCorp
STORE Capital Corporation (NYSE:STOR)‘s stock had its “hold” rating reiterated by equities researchers at KeyCorp in a research report issued on Wednesday.
A number of other research analysts have also issued reports on the stock. Mizuho upgraded shares of STORE Capital Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.50 to $27.00 in a research note on Thursday, August 31st. Zacks Investment Research raised shares of STORE Capital Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub raised shares of STORE Capital Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of STORE Capital Corporation in a research report on Wednesday, August 16th. Finally, TheStreet upgraded shares of STORE Capital Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $27.55.
STORE Capital Corporation (STOR) traded down 0.56% during trading on Wednesday, reaching $25.05. 404,641 shares of the company’s stock were exchanged. The company has a market capitalization of $4.75 billion, a PE ratio of 25.25 and a beta of 0.23. The company’s 50-day moving average is $25.29 and its 200-day moving average is $23.29. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $28.58.
STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.07). STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The firm had revenue of $114.21 million during the quarter, compared to the consensus estimate of $112.27 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. Equities research analysts expect that STORE Capital Corporation will post $0.87 earnings per share for the current fiscal year.
In other news, Director William Franklin Hipp purchased 4,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $25.18 per share, for a total transaction of $100,720.00. Following the completion of the purchase, the director now directly owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Boston Advisors acquired a new stake in shares of STORE Capital Corporation during the 4th quarter worth approximately $9,508,000. DIAM Co. Ltd. lifted its position in STORE Capital Corporation by 26.4% in the fourth quarter. DIAM Co. Ltd. now owns 171,414 shares of the real estate investment trust’s stock worth $3,992,000 after purchasing an additional 35,784 shares during the period. Strs Ohio lifted its position in STORE Capital Corporation by 22.5% in the fourth quarter. Strs Ohio now owns 115,430 shares of the real estate investment trust’s stock worth $2,677,000 after purchasing an additional 21,239 shares during the period. Nationwide Fund Advisors lifted its position in STORE Capital Corporation by 304.6% in the fourth quarter. Nationwide Fund Advisors now owns 93,995 shares of the real estate investment trust’s stock worth $2,181,000 after purchasing an additional 70,761 shares during the period. Finally, California State Teachers Retirement System lifted its position in STORE Capital Corporation by 12.8% in the fourth quarter. California State Teachers Retirement System now owns 75,034 shares of the real estate investment trust’s stock worth $1,741,000 after purchasing an additional 8,508 shares during the period.
About STORE Capital Corporation
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.
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