Store Capital (NYSE:STOR) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03, Morningstar.com reports. Store Capital had a net margin of 37.26% and a return on equity of 5.60%. The firm had revenue of $137.00 million for the quarter, compared to the consensus estimate of $135.39 million. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s revenue was up 24.0% compared to the same quarter last year.
STOR stock opened at $28.95 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36. Store Capital has a fifty-two week low of $22.51 and a fifty-two week high of $29.82. The stock has a market capitalization of $5.97 billion, a P/E ratio of 16.93, a PEG ratio of 3.32 and a beta of 0.07.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, September 27th. This is a boost from Store Capital’s previous quarterly dividend of $0.31. Store Capital’s dividend payout ratio (DPR) is 77.19%.
Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in Store Capital by 2.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 138,364 shares of the real estate investment trust’s stock valued at $3,791,000 after buying an additional 2,729 shares during the period. LSV Asset Management acquired a new position in Store Capital during the 2nd quarter valued at about $257,000. State of Wisconsin Investment Board increased its stake in Store Capital by 146.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 84,276 shares of the real estate investment trust’s stock valued at $2,309,000 after buying an additional 50,122 shares during the period. Centersquare Investment Management LLC increased its stake in Store Capital by 27.0% during the 2nd quarter. Centersquare Investment Management LLC now owns 2,051,424 shares of the real estate investment trust’s stock valued at $56,209,000 after buying an additional 435,959 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Store Capital during the 2nd quarter valued at about $2,006,000. 94.14% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on STOR. BMO Capital Markets set a $32.00 price objective on shares of Store Capital and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of Store Capital from a “hold” rating to a “strong sell” rating in a report on Wednesday. ValuEngine raised shares of Store Capital from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. LADENBURG THALM/SH SH reissued a “hold” rating on shares of Store Capital in a report on Friday, August 3rd. Finally, Mizuho set a $30.00 target price on shares of Store Capital and gave the stock a “buy” rating in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.00.
About Store Capital
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,084 property locations, substantially all of which are profit centers, in 49 states.
See Also: Hedge Funds Explained
Receive News & Ratings for Store Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Store Capital and related companies with MarketBeat.com's FREE daily email newsletter.