Equities research analysts forecast that Store Capital Corp (NYSE:STOR) will report $124.29 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Store Capital’s earnings, with the lowest sales estimate coming in at $120.44 million and the highest estimate coming in at $126.24 million. Store Capital reported sales of $108.15 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.9%. The company is scheduled to report its next quarterly earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Store Capital will report full year sales of $502.01 million for the current financial year, with estimates ranging from $482.85 million to $511.77 million. For the next year, analysts forecast that the company will post sales of $552.42 million per share, with estimates ranging from $491.60 million to $589.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Store Capital.
Store Capital (NYSE:STOR) last announced its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.17). The firm had revenue of $125.80 million during the quarter, compared to the consensus estimate of $124.83 million. Store Capital had a net margin of 38.37% and a return on equity of 5.71%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share.
A number of analysts have weighed in on the stock. ValuEngine cut shares of Store Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Zacks Investment Research cut shares of Store Capital from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. SunTrust Banks set a $27.00 target price on shares of Store Capital and gave the stock a “buy” rating in a research note on Tuesday, April 3rd. Capital One Financial reaffirmed an “overweight” rating on shares of Store Capital in a research note on Wednesday, March 14th. Finally, Wells Fargo & Co decreased their target price on shares of Store Capital from $27.00 to $26.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.11.
Store Capital traded up $0.07, reaching $27.23, during mid-day trading on Thursday, MarketBeat reports. The stock had a trading volume of 2,519,802 shares, compared to its average volume of 1,378,430. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 3.10 and a beta of 0.14. 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 $20.41 and a 12 month high of $27.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a $0.31 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.24 annualized dividend and a dividend yield of 4.55%. Store Capital’s dividend payout ratio is 72.51%.
Institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its holdings in Store Capital by 39.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,871,769 shares of the real estate investment trust’s stock valued at $245,017,000 after buying an additional 2,798,061 shares during the period. Anchor Capital Advisors LLC acquired a new position in Store Capital in the first quarter valued at $42,930,000. Centersquare Investment Management LLC acquired a new position in Store Capital in the first quarter valued at $40,096,000. Deutsche Bank AG lifted its holdings in Store Capital by 33.9% in the fourth quarter. Deutsche Bank AG now owns 5,628,303 shares of the real estate investment trust’s stock valued at $146,557,000 after buying an additional 1,425,053 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in Store Capital by 316.6% in the first quarter. Artisan Partners Limited Partnership now owns 1,665,134 shares of the real estate investment trust’s stock valued at $41,329,000 after buying an additional 1,265,423 shares during the period. 94.92% of the stock is currently owned by institutional investors.
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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