Equities research analysts predict that STORE Capital (NYSE:STOR) will report earnings of $0.43 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for STORE Capital’s earnings, with estimates ranging from $0.42 to $0.44. STORE Capital reported earnings of $0.42 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that STORE Capital will report full year earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.78. For the next financial year, analysts forecast that the company will report earnings of $1.84 per share, with EPS estimates ranging from $1.81 to $1.89. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover STORE Capital.
STORE Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $114.90 million. STORE Capital had a return on equity of 5.35% and a net margin of 36.27%. STORE Capital’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS.
Several research analysts have commented on the company. B. Riley set a $26.00 price objective on STORE Capital and gave the stock a “hold” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded STORE Capital from a “sell” rating to a “hold” rating in a report on Friday, March 9th. SunTrust Banks set a $27.00 price objective on STORE Capital and gave the stock a “buy” rating in a report on Tuesday, April 3rd. ValuEngine downgraded STORE Capital from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Wells Fargo reduced their price objective on STORE Capital from $27.00 to $26.00 and set a “market perform” rating on the stock in a report on Tuesday, March 20th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. STORE Capital presently has an average rating of “Buy” and a consensus target price of $26.91.
In other news, Director Joseph M. Donovan acquired 4,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $23.75 per share, for a total transaction of $95,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher H. Volk acquired 4,250 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were purchased at an average price of $23.64 per share, with a total value of $100,470.00. The disclosure for this purchase can be found here. Insiders purchased a total of 12,475 shares of company stock valued at $295,603 in the last ninety days. 0.90% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in STORE Capital by 189.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,096 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 2,681 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in STORE Capital by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 409 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in STORE Capital during the 4th quarter worth approximately $201,000. Renaissance Technologies LLC purchased a new stake in STORE Capital during the 4th quarter worth approximately $211,000. Finally, Prudential Financial Inc. purchased a new stake in STORE Capital during the 3rd quarter worth approximately $216,000. Institutional investors own 94.21% of the company’s stock.
STOR opened at $24.66 on Wednesday. The firm has a market cap of $4,761.90, a price-to-earnings ratio of 14.42, a PEG ratio of 2.80 and a beta of 0.12. STORE Capital has a 52 week low of $19.65 and a 52 week high of $26.58. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.24 annualized dividend and a dividend yield of 5.03%. STORE Capital’s dividend payout ratio (DPR) is presently 72.51%.
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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 1,921 property locations, substantially all of which are profit centers, in 48 states.
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