Store Capital’s (STOR) Overweight Rating Reaffirmed at Capital One Financial

Capital One Financial restated their overweight rating on shares of Store Capital (NYSE:STOR) in a report issued on Wednesday.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Store Capital from a sell rating to a hold rating in a research note on Friday, March 9th. Robert W. Baird reissued a buy rating on shares of Store Capital in a research report on Tuesday, February 27th. B. Riley set a $26.00 target price on shares of Store Capital and gave the company a hold rating in a research report on Friday, February 23rd. ValuEngine downgraded shares of Store Capital from a buy rating to a hold rating in a research report on Friday, February 2nd. Finally, SunTrust Banks reissued a buy rating and set a $26.00 target price on shares of Store Capital in a research report on Monday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Store Capital has a consensus rating of Buy and an average price target of $27.08.

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Store Capital (NYSE:STOR) traded up $0.01 during mid-day trading on Wednesday, reaching $24.50. 1,962,197 shares of the company traded hands, compared to its average volume of 2,007,537. The stock has a market cap of $4,759.96, a P/E ratio of 27.22, a PEG ratio of 2.82 and a beta of 0.16. Store Capital has a 52 week low of $19.65 and a 52 week high of $26.58. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.64.

Store Capital (NYSE:STOR) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $114.90 million. Store Capital had a net margin of 36.27% and a return on equity of 5.35%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. analysts predict that Store Capital will post 1.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Wednesday, March 28th. Store Capital’s dividend payout ratio (DPR) is 137.78%.

In other news, insider Christopher H. Volk purchased 4,250 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $23.64 per share, for a total transaction of $100,470.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph M. Donovan purchased 4,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $23.75 per share, for a total transaction of $95,000.00. The disclosure for this purchase can be found here. Insiders bought a total of 12,475 shares of company stock worth $295,603 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in Store Capital by 33.9% in the 4th quarter. Deutsche Bank AG now owns 5,628,303 shares of the real estate investment trust’s stock worth $146,557,000 after purchasing an additional 1,425,053 shares in the last quarter. Millennium Management LLC purchased a new position in Store Capital during the 4th quarter worth approximately $17,041,000. Macquarie Group Ltd. raised its position in Store Capital by 1,073.4% during the 4th quarter. Macquarie Group Ltd. now owns 645,396 shares of the real estate investment trust’s stock worth $16,770,000 after buying an additional 590,396 shares during the last quarter. Advisory Research Inc. purchased a new position in Store Capital during the 4th quarter worth approximately $14,812,000. Finally, American Century Companies Inc. raised its position in Store Capital by 35.2% during the 4th quarter. American Century Companies Inc. now owns 1,948,448 shares of the real estate investment trust’s stock worth $50,738,000 after buying an additional 507,676 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.

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Store Capital 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.

Analyst Recommendations for Store Capital (NYSE:STOR)

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