Store Capital Corp (STOR) Expected to Announce Earnings of $0.41 Per Share

Wall Street brokerages expect Store Capital Corp (NYSE:STOR) to report $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Store Capital’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.42. Store Capital posted earnings of $0.43 per share in the same quarter last year, which would indicate a negative year over year growth rate of 4.7%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, February 22nd.

According to Zacks, analysts expect that Store Capital will report full-year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.58 to $1.61. For the next year, analysts anticipate that the business will report earnings of $1.73 per share, with EPS estimates ranging from $1.66 to $1.76. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Store Capital.

Several analysts recently commented on STOR shares. SunTrust Banks reissued a “buy” rating and set a $25.00 price objective on shares of Store Capital in a research report on Tuesday, October 24th. ValuEngine raised shares of Store Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded shares of Store Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. B. Riley set a $26.00 price objective on shares of Store Capital and gave the company a “hold” rating in a research report on Wednesday, November 15th. Finally, BidaskClub raised shares of Store Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.08.

Shares of Store Capital (STOR) opened at $23.82 on Monday. Store Capital has a 1 year low of $19.65 and a 1 year high of $26.58. The company has a market cap of $4,526.17, a PE ratio of 26.76, a P/E/G ratio of 2.75 and a beta of 0.12. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.57 and a current ratio of 0.57.

Several hedge funds and other institutional investors have recently made changes to their positions in STOR. Parametric Portfolio Associates LLC boosted its holdings in shares of Store Capital by 50.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 70,317 shares of the real estate investment trust’s stock valued at $1,579,000 after acquiring an additional 23,467 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Store Capital by 29.3% during the 2nd quarter. Royal Bank of Canada now owns 73,468 shares of the real estate investment trust’s stock valued at $1,649,000 after acquiring an additional 16,667 shares during the last quarter. State Street Corp boosted its holdings in shares of Store Capital by 10.1% during the 2nd quarter. State Street Corp now owns 3,217,856 shares of the real estate investment trust’s stock valued at $72,242,000 after acquiring an additional 295,070 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Store Capital by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 409 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Store Capital during the 2nd quarter valued at about $320,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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