Zacks Investment Research lowered shares of STORE Capital (NYSE:STOR) from a buy rating to a hold rating in a research report report published on Friday.
According to Zacks, “STORE Capital Corporation is an internally managed net-lease real estate investment trust. It is engaged in the acquisition, investment and management of Single Tenant Operational Real Estate (STORE properties). The Company provides net-lease solutions principally to middle-market and larger companies that own STORE Properties. It invests in single-tenant real estate such as chain restaurants, supermarkets, health clubs, and education, retail, service, and distribution facilities. STORE Capital Corporation is based in Scottsdale, Arizona. “
Several other research firms have also weighed in on STOR. ValuEngine raised STORE Capital from a hold rating to a buy rating in a research report on Friday, May 4th. B. Riley set a $26.00 price objective on STORE Capital and gave the stock a hold rating in a research report on Friday, February 23rd. Robert W. Baird reissued a buy rating on shares of STORE Capital in a research report on Tuesday, February 27th. SunTrust Banks set a $27.00 price objective on STORE Capital and gave the stock a buy rating in a research report on Tuesday, April 3rd. Finally, Wells Fargo lowered their price objective on STORE Capital from $27.00 to $26.00 and set a market perform rating for the company in a research report on Tuesday, March 20th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. STORE Capital presently has an average rating of Buy and an average target price of $27.11.
Shares of STORE Capital opened at $25.57 on Friday, Marketbeat Ratings reports. The firm has a market cap of $5.06 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.91 and a beta of 0.11. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.34 and a quick ratio of 0.34. STORE Capital has a 12-month low of $20.08 and a 12-month high of $26.58.
STORE Capital (NYSE:STOR) last announced its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.17). The company had revenue of $125.80 million for the quarter, compared to the consensus estimate of $124.83 million. STORE Capital had a return on equity of 5.71% and a net margin of 38.37%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share. analysts expect that STORE Capital will post 1.76 earnings per share for the current fiscal year.
In other news, Director Joseph M. Donovan bought 4,000 shares of STORE Capital stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website. Also, insider Christopher H. Volk bought 4,250 shares of STORE Capital stock in a transaction dated Tuesday, February 27th. The stock was 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. Over the last 90 days, insiders bought 12,475 shares of company stock valued at $295,603. 0.85% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted 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 valued at $106,000 after purchasing an additional 2,681 shares during the last quarter. IFP Advisors Inc boosted its stake in STORE Capital by 326.8% during the 1st quarter. IFP Advisors Inc now owns 5,660 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 4,334 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in STORE Capital during the 4th quarter valued at about $201,000. Renaissance Technologies LLC acquired a new position in STORE Capital during the 4th quarter valued at about $211,000. Finally, MANA Advisors LLC acquired a new position in STORE Capital during the 1st quarter valued at about $223,000. Institutional investors own 95.54% of the company’s stock.
STORE Capital Company Profile
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 2,000 property locations, substantially all of which are profit centers, in 49 states.
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