Brokerages expect Store Capital Corp (NYSE:STOR) to announce $109.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Store Capital’s earnings, with the highest sales estimate coming in at $114.70 million and the lowest estimate coming in at $104.40 million. Store Capital reported sales of $96.42 million in the same quarter last year, which indicates a positive year over year growth rate of 14%. The company is expected to issue its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Store Capital will report full year sales of $109.95 million for the current financial year, with estimates ranging from $418.50 million to $435.70 million. For the next year, analysts forecast that the business will report sales of $465.00 million per share, with estimates ranging from $421.70 million to $495.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Store Capital.
Store Capital (NYSE:STOR) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.24). Store Capital had a net margin of 35.67% and a return on equity of 5.35%.
Several equities research analysts have commented on STOR shares. SunTrust Banks restated a “buy” rating and issued a $25.00 price objective on shares of Store Capital in a research report on Tuesday, October 24th. Robert W. Baird restated a “buy” rating on shares of Store Capital in a research report on Friday, October 20th. BidaskClub upgraded Store Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Stifel Nicolaus upped their price objective on Store Capital from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, ValuEngine upgraded Store Capital from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Store Capital presently has an average rating of “Buy” and an average price target of $27.00.
Several hedge funds have recently made changes to their positions in STOR. The Manufacturers Life Insurance Company raised its stake in Store Capital by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 409 shares during the last quarter. Sigma Planning Corp acquired a new position in Store Capital in the 3rd quarter valued at $208,000. Prudential Financial Inc. acquired a new position in Store Capital in the 3rd quarter valued at $216,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Store Capital by 61.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,840 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 3,378 shares during the last quarter. Finally, Stephens Inc. AR acquired a new position in Store Capital in the 3rd quarter valued at $220,000. 95.68% of the stock is owned by institutional investors and hedge funds.
Shares of Store Capital (NYSE:STOR) opened at $24.76 on Thursday. The company has a market capitalization of $4,674.39, a P/E ratio of 27.82, a P/E/G ratio of 2.84 and a beta of 0.24. Store Capital has a 52-week low of $19.65 and a 52-week high of $26.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.57 and a quick ratio of 0.57.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Thursday, December 28th. Store Capital’s payout ratio is 139.33%.
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About Store Capital
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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