Store Capital (STOR) Sets New 12-Month High at $29.96

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Store Capital Corp (NYSE:STOR) reached a new 52-week high on Wednesday . The stock traded as high as $29.96 and last traded at $29.88, with a volume of 90510 shares. The stock had previously closed at $29.52.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets set a $32.00 price objective on shares of Store Capital and gave the stock a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research cut shares of Store Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 31st. ValuEngine upgraded shares of Store Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Morgan Stanley upgraded shares of Store Capital from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Monday, October 1st. Finally, Mizuho set a $30.00 price objective on shares of Store Capital and gave the stock a “buy” rating in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Store Capital has an average rating of “Buy” and an average target price of $29.00.

The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $5.95 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 3.31 and a beta of 0.07.

Store Capital (NYSE:STOR) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The business had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $135.39 million. Store Capital had a net margin of 39.17% and a return on equity of 6.26%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. Equities research analysts forecast that Store Capital Corp will post 1.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.42%. This is a boost from Store Capital’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, September 27th. Store Capital’s dividend payout ratio (DPR) is presently 77.19%.

Large investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new stake in Store Capital in the second quarter worth $117,000. Centaurus Financial Inc. acquired a new position in shares of Store Capital during the second quarter valued at about $151,000. Engineers Gate Manager LP acquired a new position in shares of Store Capital during the second quarter valued at about $200,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Store Capital during the second quarter valued at about $207,000. Finally, FCA Corp TX acquired a new position in shares of Store Capital during the second quarter valued at about $208,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

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Store Capital Company Profile (NYSE:STOR)

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.

Further Reading: Fundamental Analysis and Individual Investors

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