Store Capital Corp (STOR) Price Target Cut to $25.50 by Analysts at Stifel Nicolaus

Store Capital Corp (NYSE:STOR) had its price objective trimmed by Stifel Nicolaus from $27.50 to $25.50 in a report released on Friday, May 5th. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on the stock. Goldman Sachs Group Inc downgraded shares of Store Capital Corp from a conviction-buy rating to a buy rating and dropped their price objective for the stock from $29.00 to $28.00 in a report on Saturday, April 22nd. Ladenburg Thalmann Financial Services reaffirmed a buy rating and set a $28.00 price target on shares of Store Capital Corp in a report on Tuesday, March 28th. BMO Capital Markets reaffirmed a buy rating and set a $28.00 price target on shares of Store Capital Corp in a report on Wednesday, March 22nd. Finally, Zacks Investment Research downgraded shares of Store Capital Corp from a hold rating to a sell rating in a report on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $29.70.

Store Capital Corp (NYSE:STOR) last posted its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.22. The business had revenue of $108 million during the quarter, compared to analysts’ expectations of $105.51 million. Store Capital Corp had a return on equity of 5.22% and a net margin of 33.05%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS.

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In related news, insider Christopher H. Volk bought 11,100 shares of the stock in a transaction dated Friday, March 10th. The stock was purchased at an average cost of $22.75 per share, with a total value of $252,525.00. Following the completion of the purchase, the insider now owns 246,373 shares of the company’s stock, valued at $5,604,985.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher K. Burbach bought 5,500 shares of the stock in a transaction dated Friday, March 10th. The shares were bought at an average cost of $22.65 per share, with a total value of $124,575.00. Following the completion of the purchase, the executive vice president now directly owns 77,882 shares of the company’s stock, valued at approximately $1,764,027.30. The disclosure for this purchase can be found here. Insiders have acquired 45,495 shares of company stock worth $999,531 in the last quarter. Company insiders own 1.05% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Store Capital Corp by 11.4% in the first quarter. Vanguard Group Inc. now owns 26,135,584 shares of the real estate investment trust’s stock worth $624,117,000 after buying an additional 2,679,671 shares during the period. FMR LLC raised its stake in Store Capital Corp by 5.9% in the first quarter. FMR LLC now owns 23,435,033 shares of the real estate investment trust’s stock worth $559,628,000 after buying an additional 1,306,532 shares during the period. BlackRock Inc. raised its stake in Store Capital Corp by 3,974.5% in the first quarter. BlackRock Inc. now owns 10,152,844 shares of the real estate investment trust’s stock worth $242,450,000 after buying an additional 9,903,666 shares during the period. Principal Financial Group Inc. raised its stake in Store Capital Corp by 9.9% in the first quarter. Principal Financial Group Inc. now owns 9,948,918 shares of the real estate investment trust’s stock valued at $237,690,000 after buying an additional 899,281 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Store Capital Corp by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 7,579,529 shares of the real estate investment trust’s stock valued at $180,999,000 after buying an additional 1,561,407 shares during the last quarter.

Store Capital Corp Company Profile

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.

12 Month Chart for NYSE:STOR

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