Equities analysts expect Store Capital Corp (NYSE:STOR) to report sales of $143.19 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Store Capital’s earnings, with estimates ranging from $139.70 million to $144.96 million. Store Capital reported sales of $119.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.4%. The firm is expected to report its next quarterly earnings results on Thursday, May 2nd.
On average, analysts expect that Store Capital will report full-year sales of $608.14 million for the current fiscal year, with estimates ranging from $561.73 million to $641.20 million. For the next year, analysts anticipate that the business will post sales of $680.39 million, with estimates ranging from $568.93 million to $735.02 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Store Capital.
Store Capital (NYSE:STOR) last announced its earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.18). Store Capital had a net margin of 40.12% and a return on equity of 6.25%. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $143.83 million. During the same quarter last year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year.
STOR has been the subject of a number of research reports. BMO Capital Markets set a $32.00 target price on Store Capital and gave the company a “buy” rating in a research note on Monday, January 14th. Raymond James set a $34.00 target price on Store Capital and gave the company a “buy” rating in a research note on Thursday, February 28th. Mizuho set a $34.00 price target on Store Capital and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, Zacks Investment Research upgraded Store Capital from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Friday, November 16th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $30.75.
A number of institutional investors have recently bought and sold shares of the stock. Opus Capital Group LLC boosted its holdings in Store Capital by 1.9% during the fourth quarter. Opus Capital Group LLC now owns 98,258 shares of the real estate investment trust’s stock worth $2,782,000 after buying an additional 1,824 shares during the last quarter. Enlightenment Research LLC bought a new position in Store Capital during the fourth quarter worth about $113,000. Sheaff Brock Investment Advisors LLC bought a new position in Store Capital during the fourth quarter worth about $328,000. Strs Ohio boosted its holdings in Store Capital by 8.9% during the fourth quarter. Strs Ohio now owns 298,570 shares of the real estate investment trust’s stock worth $8,452,000 after buying an additional 24,452 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Store Capital by 15.4% during the third quarter. Morgan Stanley now owns 1,184,379 shares of the real estate investment trust’s stock worth $32,914,000 after buying an additional 158,338 shares during the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.
Shares of NYSE:STOR traded down $0.20 during midday trading on Friday, reaching $32.35. The company’s stock had a trading volume of 3,063,300 shares, compared to its average volume of 1,766,218. Store Capital has a fifty-two week low of $24.04 and a fifty-two week high of $32.94. The firm has a market cap of $6.89 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 3.48 and a beta of 0.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.37 and a current ratio of 0.37.
About Store Capital
STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. STORE Capital was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.
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