ValuEngine upgraded shares of Store Capital (NYSE:STOR) from a hold rating to a buy rating in a research report report published on Tuesday morning.
Several other brokerages have also recently issued reports on STOR. Robert W. Baird restated a buy rating on shares of Store Capital in a report on Friday, October 20th. Zacks Investment Research cut shares of Store Capital from a buy rating to a hold rating in a report on Wednesday, November 1st. BidaskClub cut shares of Store Capital from a hold rating to a sell rating in a report on Sunday, October 29th. KeyCorp reiterated a hold rating on shares of Store Capital in a report on Wednesday, October 4th. Finally, B. Riley reiterated a neutral rating on shares of Store Capital in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Store Capital presently has a consensus rating of Buy and an average price target of $27.00.
Shares of Store Capital (STOR) traded down $0.03 during trading on Tuesday, hitting $24.14. 1,816,167 shares of the stock traded hands, compared to its average volume of 1,507,123. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.57 and a quick ratio of 0.57. Store Capital has a 1 year low of $19.65 and a 1 year high of $26.58. The company has a market capitalization of $4,570.00, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.86 and a beta of 0.24.
Store Capital (NYSE:STOR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.24). Store Capital had a return on equity of 5.35% and a net margin of 35.67%. analysts forecast that Store Capital will post 1.6 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Thursday, December 28th. Store Capital’s dividend payout ratio (DPR) is currently 185.07%.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Store Capital by 0.8% in the second quarter. Vanguard Group Inc. now owns 26,355,624 shares of the real estate investment trust’s stock valued at $591,684,000 after acquiring an additional 220,040 shares in the last quarter. Berkshire Hathaway Inc. purchased a new position in Store Capital during the second quarter valued at $418,057,000. BlackRock Inc. lifted its position in Store Capital by 11.4% during the second quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock valued at $254,025,000 after buying an additional 1,162,257 shares during the period. Cbre Clarion Securities LLC lifted its position in Store Capital by 272.6% during the second quarter. Cbre Clarion Securities LLC now owns 4,890,472 shares of the real estate investment trust’s stock valued at $109,791,000 after buying an additional 3,577,846 shares during the period. Finally, State Street Corp lifted its position in Store Capital by 10.1% during the second quarter. State Street Corp now owns 3,217,856 shares of the real estate investment trust’s stock valued at $72,242,000 after buying an additional 295,070 shares during the period. Institutional investors and hedge funds own 95.68% of the company’s stock.
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Store Capital 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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