Store Capital (NYSE:STOR) had its price objective hoisted by Morgan Stanley from $35.00 to $36.00 in a report published on Thursday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the real estate investment trust’s stock.
A number of other equities research analysts have also recently weighed in on STOR. Zacks Investment Research upgraded HENKEL AG & CO/S from a sell rating to a hold rating in a report on Thursday, June 6th. Berenberg Bank set a €126.00 ($146.51) target price on Nemetschek and gave the company a neutral rating in a report on Tuesday, April 23rd. BTIG Research assumed coverage on Forestar Group in a report on Monday, April 15th. They set a buy rating and a $23.00 target price on the stock. Finally, Raymond James reiterated an average rating on shares of PPL in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $34.13.
STOR opened at $34.25 on Thursday. The firm has a market cap of $7.77 billion, a PE ratio of 18.61, a P/E/G ratio of 3.61 and a beta of 0.21. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $34.40. Store Capital has a 1-year low of $26.93 and a 1-year high of $35.59.
Store Capital (NYSE:STOR) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.26). The firm had revenue of $156.60 million during the quarter, compared to analyst estimates of $152.22 million. Store Capital had a return on equity of 5.83% and a net margin of 37.19%. The business’s revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. As a group, equities analysts expect that Store Capital will post 1.9 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, June 27th. Store Capital’s dividend payout ratio (DPR) is presently 71.74%.
Large investors have recently made changes to their positions in the business. Country Club Trust Company n.a. raised its position in shares of Store Capital by 13.5% in the 2nd quarter. Country Club Trust Company n.a. now owns 109,768 shares of the real estate investment trust’s stock worth $3,643,000 after buying an additional 13,015 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Store Capital by 21.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 24,846 shares of the real estate investment trust’s stock worth $825,000 after buying an additional 4,396 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Store Capital in the 2nd quarter worth $201,000. Hexavest Inc. purchased a new position in shares of Store Capital in the 2nd quarter worth $296,000. Finally, Eii Capital Management Inc. raised its position in shares of Store Capital by 5.8% in the 2nd quarter. Eii Capital Management Inc. now owns 71,588 shares of the real estate investment trust’s stock worth $2,376,000 after buying an additional 3,948 shares during the period. Hedge funds and other institutional investors own 90.25% of the company’s stock.
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 2,255 property locations, substantially all of which are profit centers, in 49 states.
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