Equities research analysts expect STORE Capital Corporation (NYSE:STOR) to report earnings of $0.39 per share for the current quarter, according to Zacks. Five analysts have made estimates for STORE Capital Corporation’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. STORE Capital Corporation posted earnings per share of $0.24 during the same quarter last year, which indicates a positive year-over-year growth rate of 62.5%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, November 2nd.
On average, analysts expect that STORE Capital Corporation will report full-year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.62 to $1.65. For the next financial year, analysts expect that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.66 to $1.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for STORE Capital Corporation.
STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the 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 company had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $112.27 million. During the same period last year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year.
Several research firms recently issued reports on STOR. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of STORE Capital Corporation in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of STORE Capital Corporation from a “sell” rating to a “hold” rating in a research note on Saturday. BidaskClub raised shares of STORE Capital Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $25.50 price objective on shares of STORE Capital Corporation in a research note on Friday, July 14th. Finally, TheStreet raised shares of STORE Capital Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. STORE Capital Corporation presently has an average rating of “Buy” and a consensus target price of $27.22.
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Shares of STORE Capital Corporation (NYSE STOR) opened at 25.86 on Wednesday. STORE Capital Corporation has a 52 week low of $19.65 and a 52 week high of $28.58. The firm has a market capitalization of $4.90 billion, a P/E ratio of 26.07 and a beta of 0.23. The stock’s 50 day moving average price is $25.35 and its 200 day moving average price is $23.37.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.80%. This is a positive change from STORE Capital Corporation’s previous quarterly dividend of $0.29. STORE Capital Corporation’s dividend payout ratio is currently 126.53%.
In related news, Director William Franklin Hipp acquired 4,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $25.18 per share, with a total value of $100,720.00. Following the completion of the transaction, the director now owns 18,499 shares of the company’s stock, valued at $465,804.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Berkshire Hathaway Inc. acquired a new position in shares of STORE Capital Corporation during the second quarter valued at about $418,057,000. American Century Companies Inc. raised its position in shares of STORE Capital Corporation by 34.1% during the second quarter. American Century Companies Inc. now owns 737,678 shares of the real estate investment trust’s stock valued at $16,561,000 after buying an additional 187,680 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new position in shares of STORE Capital Corporation during the second quarter valued at about $1,957,000. Principal Financial Group Inc. increased its stake in STORE Capital Corporation by 22.0% in the second quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock valued at $272,516,000 after acquiring an additional 2,189,912 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in STORE Capital Corporation by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 102,170 shares of the real estate investment trust’s stock valued at $2,440,000 after acquiring an additional 860 shares during the period.
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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