STORE Capital Corporation (NYSE:STOR)‘s stock had its “buy” rating reiterated by SunTrust Banks, Inc. in a research note issued on Tuesday. They presently have a $25.00 price target on the real estate investment trust’s stock. SunTrust Banks, Inc.’s price objective suggests a potential downside of 0.04% from the stock’s current price.

Several other research firms also recently weighed in on STOR. BidaskClub raised STORE Capital Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Robert W. Baird reissued a “buy” rating on shares of STORE Capital Corporation in a report on Friday. Zacks Investment Research raised STORE Capital Corporation from a “sell” rating to a “hold” rating in a report on Saturday, October 14th. Stifel Nicolaus raised their price objective on STORE Capital Corporation from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, October 16th. Finally, KeyCorp reissued a “hold” rating on shares of STORE Capital Corporation in a report on Wednesday, October 4th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $27.00.

STORE Capital Corporation (STOR) traded down 0.20% during trading on Tuesday, reaching $25.01. The company’s stock had a trading volume of 1,476,446 shares. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $28.22. The stock has a market cap of $4.74 billion, a P/E ratio of 25.21 and a beta of 0.23. The company’s 50 day moving average price is $25.41 and its 200-day moving average price is $23.44.

STORE Capital Corporation (NYSE:STOR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.07). The business had revenue of $114.21 million during the quarter, compared to analyst estimates of $112.27 million. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Equities analysts forecast that STORE Capital Corporation will post $0.87 earnings per share for the current fiscal year.

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In related news, Director William Franklin Hipp bought 4,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $25.18 per share, with a total value of $100,720.00. Following the acquisition, the director now owns 18,499 shares of the company’s stock, valued at $465,804.82. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of STORE Capital Corporation by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 26,355,624 shares of the real estate investment trust’s stock worth $591,684,000 after acquiring an additional 220,040 shares in the last quarter. Berkshire Hathaway Inc. bought a new position in shares of STORE Capital Corporation in the 2nd quarter worth about $418,057,000. CI Global Investments Inc. raised its position in shares of STORE Capital Corporation by 154.8% in the 2nd quarter. CI Global Investments Inc. now owns 12,744,954 shares of the real estate investment trust’s stock worth $286,124,000 after acquiring an additional 7,743,682 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of STORE Capital Corporation by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock worth $272,516,000 after acquiring an additional 2,189,912 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of STORE Capital Corporation by 11.4% in the 2nd quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock worth $254,025,000 after acquiring an additional 1,162,257 shares in the last quarter.

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.

Analyst Recommendations for STORE Capital Corporation (NYSE:STOR)

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