ValuEngine Downgrades Store Capital (STOR) to Hold

Store Capital (NYSE:STOR) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other research firms have also issued reports on STOR. Robert W. Baird restated a “buy” rating on shares of Store Capital in a research report on Friday, October 20th. Zacks Investment Research lowered Store Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. SunTrust Banks restated a “buy” rating and set a $26.00 price target on shares of Store Capital in a research report on Monday, January 22nd. BidaskClub lowered Store Capital from a “hold” rating to a “sell” rating in a research report on Sunday, October 29th. Finally, B. Riley restated a “neutral” rating on shares of Store Capital in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $27.08.

Store Capital (STOR) traded down $0.16 on Friday, reaching $23.71. The company had a trading volume of 1,345,552 shares, compared to its average volume of 1,327,194. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.59. Store Capital has a fifty-two week low of $19.65 and a fifty-two week high of $26.58. The company has a market cap of $4,505.28, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.74 and a beta of 0.12.

Store Capital (NYSE:STOR) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.24). Store Capital had a return on equity of 5.35% and a net margin of 35.67%. equities research analysts anticipate that Store Capital will post 1.6 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Store Capital by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 409 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Store Capital in the 3rd quarter worth approximately $208,000. Prudential Financial Inc. bought a new stake in shares of Store Capital in the 3rd quarter worth approximately $216,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Store Capital by 61.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,840 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 3,378 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Store Capital in the 3rd quarter worth approximately $220,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

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About Store Capital

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Store Capital (NYSE:STOR)

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