STORE Capital Corporation (NYSE:STOR)‘s stock had its “hold” rating reissued by Ladenburg Thalmann Financial Services in a research report issued to clients and investors on Wednesday.
Several other equities research analysts also recently weighed in on the company. Goldman Sachs Group, Inc. (The) raised STORE Capital Corporation from a “buy” rating to a “conviction-buy” rating in a report on Thursday, April 20th. Stifel Nicolaus cut their price objective on STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a report on Friday, May 5th. Wunderlich cut their price objective on STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 5th. ValuEngine downgraded STORE Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Mizuho downgraded STORE Capital Corporation from a “buy” rating to a “neutral” rating and raised their price objective for the company from $23.00 to $24.00 in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. STORE Capital Corporation presently has a consensus rating of “Hold” and an average target price of $27.54.
STORE Capital Corporation (NYSE STOR) opened at 25.07 on Wednesday. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $30.65. The firm has a 50-day moving average price of $23.36 and a 200-day moving average price of $22.98. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 25.27 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.07. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The business had revenue of $114.21 million during the quarter, compared to the consensus estimate of $112.27 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts expect that STORE Capital Corporation will post $0.84 earnings per share for the current fiscal year.
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In related news, Director William Franklin Hipp bought 4,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $25.18 per share, with a total value of $100,720.00. Following the acquisition, 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 is available through this link. 0.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of STORE Capital Corporation by 1.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,667 shares of the real estate investment trust’s stock valued at $589,000 after buying an additional 450 shares during the last quarter. Monarch Partners Asset Management LLC increased its position in shares of STORE Capital Corporation by 37.1% in the first quarter. Monarch Partners Asset Management LLC now owns 827,861 shares of the real estate investment trust’s stock valued at $19,769,000 after buying an additional 223,948 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of STORE Capital Corporation by 19.9% in the first quarter. Wells Fargo & Company MN now owns 126,606 shares of the real estate investment trust’s stock valued at $3,023,000 after buying an additional 21,004 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of STORE Capital Corporation by 279.7% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 34,824 shares of the real estate investment trust’s stock valued at $832,000 after buying an additional 25,653 shares during the last quarter. Finally, KAMES CAPITAL plc bought a new position in shares of STORE Capital Corporation during the first quarter valued at approximately $2,307,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
STORE Capital Corporation 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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