Ladenburg Thalmann Financial Services reiterated their hold rating on shares of STORE Capital Corporation (NYSE:STOR) in a research note published on Thursday morning.
Other equities analysts also recently issued reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $25.50 price target on shares of STORE Capital Corporation in a report on Friday, July 14th. Capital One Financial Corporation reissued a buy rating and issued a $30.00 price target on shares of STORE Capital Corporation in a report on Friday, June 30th. BTIG Research reissued a buy rating and issued a $28.00 price target on shares of STORE Capital Corporation in a report on Friday, June 30th. Wunderlich cut their price target on shares of STORE Capital Corporation from $27.50 to $25.00 and set a buy rating on the stock in a report on Monday, May 15th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of STORE Capital Corporation from a conviction-buy rating to a buy rating and cut their price target for the stock from $29.00 to $28.00 in a report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. STORE Capital Corporation presently has an average rating of Hold and an average target price of $27.54.
Shares of STORE Capital Corporation (NYSE:STOR) traded up 1.48% during trading on Thursday, hitting $23.97. 1,518,085 shares of the stock traded hands. The stock has a 50 day moving average price of $22.40 and a 200-day moving average price of $23.02. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $30.98. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 28.98 and a beta of 0.25.
STORE Capital Corporation (NYSE:STOR) last issued its quarterly 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 company had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $112.27 million. STORE Capital Corporation had a return on equity of 6.32% and a net margin of 38.71%. STORE Capital Corporation’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Equities analysts forecast that STORE Capital Corporation will post $0.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.84%. The ex-dividend date was Wednesday, June 28th. STORE Capital Corporation’s dividend payout ratio (DPR) is presently 118.37%.
In other STORE Capital Corporation news, Director Joseph M. Donovan acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were acquired at an average cost of $20.81 per share, with a total value of $104,050.00. Following the completion of the acquisition, the director now directly owns 35,694 shares in the company, valued at $742,792.14. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Catherine F. Long acquired 4,905 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were acquired at an average cost of $20.39 per share, for a total transaction of $100,012.95. Following the completion of the acquisition, the chief financial officer now owns 149,992 shares of the company’s stock, valued at $3,058,336.88. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 14,905 shares of company stock worth $305,763. Insiders own 0.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY boosted its stake in shares of STORE Capital Corporation by 2.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,867 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 367 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of STORE Capital Corporation by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 1,298,771 shares of the real estate investment trust’s stock valued at $32,093,000 after buying an additional 67,352 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its stake in shares of STORE Capital Corporation by 56.6% in the first quarter. Quantitative Systematic Strategies LLC now owns 25,959 shares of the real estate investment trust’s stock valued at $621,000 after buying an additional 9,378 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of STORE Capital Corporation by 25.1% in the first quarter. State of Alaska Department of Revenue now owns 104,430 shares of the real estate investment trust’s stock valued at $2,493,000 after buying an additional 20,930 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of STORE Capital Corporation by 40.7% in the first quarter. Nationwide Fund Advisors now owns 752,909 shares of the real estate investment trust’s stock valued at $17,979,000 after buying an additional 217,890 shares in the last quarter. Hedge funds and other institutional investors own 95.61% of the company’s stock.
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.
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