Store Capital Corp (STOR) Rating Reiterated by BMO Capital Markets
Store Capital Corp (NYSE:STOR)‘s stock had its “buy” rating reissued by BMO Capital Markets in a research report issued on Wednesday. They presently have a $28.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential upside of 11.60% from the stock’s current price.
A number of other research firms have also issued reports on STOR. Ladenburg Thalmann Financial Services set a $28.00 price objective on Store Capital Corp and gave the company a “buy” rating in a research note on Tuesday, February 28th. Morgan Stanley lowered Store Capital Corp from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 12th. Mizuho reiterated a “buy” rating on shares of Store Capital Corp in a research note on Friday, December 23rd. KeyCorp lowered Store Capital Corp to an “overweight” rating in a research note on Wednesday, December 21st. Finally, Zacks Investment Research lowered Store Capital Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.06.
Store Capital Corp (NYSE:STOR) opened at 25.09 on Wednesday. Store Capital Corp has a 12 month low of $22.27 and a 12 month high of $31.44. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 30.60 and a beta of 0.23. The company’s 50-day moving average is $23.95 and its 200 day moving average is $25.01.
Store Capital Corp (NYSE:STOR) last released its quarterly earnings data on Thursday, February 23rd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Store Capital Corp had a return on equity of 5.22% and a net margin of 33.05%. The company had revenue of $102.10 million for the quarter, compared to analyst estimates of $95.22 million. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. Equities analysts forecast that Store Capital Corp will post $0.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.62%. The ex-dividend date was Wednesday, March 29th. Store Capital Corp’s dividend payout ratio is presently 143.21%.
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In other news, Director Quentin P. Jr. Smith sold 1,400 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $23.06, for a total value of $32,284.00. Following the completion of the transaction, the director now owns 9,889 shares of the company’s stock, valued at approximately $228,040.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Catherine F. Long bought 5,550 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was purchased at an average cost of $22.52 per share, with a total value of $124,986.00. Following the transaction, the chief financial officer now directly owns 145,087 shares in the company, valued at approximately $3,267,359.24. The disclosure for this purchase can be found here. Insiders have purchased a total of 30,590 shares of company stock valued at $693,768 over the last 90 days. 1.05% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado raised its position in Store Capital Corp by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,862 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 20 shares during the period. Quantbot Technologies LP bought a new position in Store Capital Corp during the third quarter worth $193,000. Pacad Investment Ltd. bought a new position in Store Capital Corp during the fourth quarter worth $198,000. Aperio Group LLC bought a new position in Store Capital Corp during the third quarter worth $211,000. Finally, Pacer Advisors Inc. raised its position in Store Capital Corp by 12.7% in the third quarter. Pacer Advisors Inc. now owns 7,267 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 819 shares during the period.
About Store Capital Corp
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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