Store Capital (STOR) PT Raised to $37.00

Store Capital (NYSE:STOR) had its price target hoisted by research analysts at BTIG Research to $37.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. BTIG Research’s price objective would indicate a potential upside of 11.26% from the company’s previous close.

Other research analysts have also issued research reports about the stock. BMO Capital Markets set a $32.00 price target on shares of Store Capital and gave the stock a “buy” rating in a research note on Monday, January 14th. Zacks Investment Research upgraded shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, January 15th. Mizuho set a $34.00 target price on shares of Store Capital and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Finally, Raymond James set a $34.00 target price on shares of Store Capital and gave the company a “buy” rating in a research note on Thursday, February 28th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.86.

Shares of STOR traded down $0.20 during mid-day trading on Monday, hitting $33.26. 234,914 shares of the company’s stock were exchanged, compared to its average volume of 1,496,454. Store Capital has a twelve month low of $24.04 and a twelve month high of $34.10. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 3.55 and a beta of 0.31. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.55.

Store Capital (NYSE:STOR) last announced its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.18). Store Capital had a return on equity of 6.25% and a net margin of 40.12%. The business had revenue of $146.70 million for the quarter, compared to analyst estimates of $143.83 million. During the same quarter last year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, research analysts predict that Store Capital will post 1.88 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Store Capital by 61.2% during the third quarter. JPMorgan Chase & Co. now owns 2,686,801 shares of the real estate investment trust’s stock valued at $74,667,000 after purchasing an additional 1,020,403 shares during the period. Bank of New York Mellon Corp increased its holdings in Store Capital by 5.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,295,686 shares of the real estate investment trust’s stock worth $36,006,000 after acquiring an additional 67,206 shares during the last quarter. Martingale Asset Management L P increased its holdings in Store Capital by 143.2% in the 3rd quarter. Martingale Asset Management L P now owns 117,713 shares of the real estate investment trust’s stock worth $3,272,000 after acquiring an additional 69,305 shares during the last quarter. Virtu Financial LLC purchased a new stake in Store Capital in the 3rd quarter worth about $202,000. Finally, Dimensional Fund Advisors LP increased its holdings in Store Capital by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,693,033 shares of the real estate investment trust’s stock worth $74,836,000 after acquiring an additional 44,454 shares during the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Store Capital Company Profile

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,255 property locations, substantially all of which are profit centers, in 49 states.

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