Several analysts have recently updated their ratings and price targets for STORE Capital Corporation (NYSE: STOR):

  • 10/24/2017 – STORE Capital Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 10/24/2017 – STORE Capital Corporation had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $25.00 price target on the stock.
  • 10/23/2017 – STORE Capital Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/20/2017 – STORE Capital Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird.
  • 10/17/2017 – STORE Capital Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/16/2017 – STORE Capital Corporation had its price target raised by analysts at Stifel Nicolaus from $25.00 to $27.00. They now have a “buy” rating on the stock.
  • 10/14/2017 – STORE Capital Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 10/6/2017 – STORE Capital Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/4/2017 – STORE Capital Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/31/2017 – STORE Capital Corporation was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $27.00 price target on the stock, up previously from $23.50.
  • 8/29/2017 – STORE Capital Corporation was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. 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. “

Shares of STORE Capital Corporation (STOR) opened at 25.01 on Wednesday. The firm has a market capitalization 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 has a one year low of $19.65 and a one year high of $28.22.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from STORE Capital Corporation’s previous quarterly dividend of $0.29. STORE Capital Corporation’s payout ratio is currently 126.53%.

In other news, Director William Franklin Hipp acquired 4,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $25.18 per share, with a total value of $100,720.00. Following the purchase, 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 can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.

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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