$0.41 EPS Expected for Store Capital Corp (STOR) This Quarter

Wall Street analysts expect Store Capital Corp (NYSE:STOR) to report earnings of $0.41 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Store Capital’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.40. Store Capital posted earnings of $0.20 per share in the same quarter last year, which would suggest a positive year over year growth rate of 105%. The firm is expected to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Store Capital will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.58 to $1.65. For the next fiscal year, analysts forecast that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.66 to $1.78. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Store Capital.

Several research firms recently commented on STOR. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Store Capital in a research report on Wednesday, August 16th. B. Riley reaffirmed a “neutral” rating on shares of Store Capital in a research report on Friday, November 3rd. Stifel Nicolaus increased their price objective on Store Capital from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, October 16th. BidaskClub cut Store Capital from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, SunTrust Banks reissued a “buy” rating and issued a $25.00 target price on shares of Store Capital in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.00.

A number of large investors have recently made changes to their positions in STOR. Berkshire Hathaway Inc. purchased a new position in Store Capital in the second quarter worth about $418,057,000. CI Global Investments Inc. raised its stake in shares of Store Capital by 154.8% in the second quarter. CI Global Investments Inc. now owns 12,744,954 shares of the real estate investment trust’s stock worth $286,124,000 after buying an additional 7,743,682 shares during the period. Cbre Clarion Securities LLC raised its stake in shares of Store Capital by 272.6% in the second quarter. Cbre Clarion Securities LLC now owns 4,890,472 shares of the real estate investment trust’s stock worth $109,791,000 after buying an additional 3,577,846 shares during the period. Principal Financial Group Inc. raised its stake in shares of Store Capital by 22.0% in the second quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock worth $272,516,000 after buying an additional 2,189,912 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Store Capital by 11.4% in the second quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock worth $254,025,000 after buying an additional 1,162,257 shares during the period. 95.68% of the stock is currently owned by institutional investors and hedge funds.

Store Capital (NYSE STOR) traded up $0.01 during midday trading on Wednesday, hitting $25.75. The stock had a trading volume of 1,086,200 shares, compared to its average volume of 1,744,764. Store Capital has a 52-week low of $19.65 and a 52-week high of $26.58. The stock has a market capitalization of $4,891.00, a PE ratio of 15.14, a P/E/G ratio of 3.20 and a beta of 0.24. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.57 and a current ratio of 0.57.

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Store Capital Company Profile

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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