STORE Capital (STOR) Expected to Announce Earnings of $0.43 Per Share

Equities research analysts expect STORE Capital (NYSE:STOR) to announce earnings of $0.43 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for STORE Capital’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.44. STORE Capital reported earnings per share of $0.42 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that STORE Capital will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.72 to $1.78. For the next financial year, analysts anticipate that the business will report earnings of $1.84 per share, with EPS estimates ranging from $1.81 to $1.89. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover STORE Capital.

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STORE Capital (NYSE:STOR) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating 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 return on equity of 5.35% and a net margin of 36.27%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share.

Several brokerages have recently issued reports on STOR. SunTrust Banks set a $27.00 price target on STORE Capital and gave the company a “buy” rating in a research report on Tuesday, April 3rd. Zacks Investment Research raised STORE Capital from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine raised STORE Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Capital One Financial reaffirmed an “overweight” rating on shares of STORE Capital in a research report on Wednesday, March 14th. Finally, Wells Fargo lowered their price target on STORE Capital from $27.00 to $26.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.91.

In other STORE Capital news, CFO Catherine F. Long purchased 4,225 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $23.70 per share, for a total transaction of $100,132.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph M. Donovan purchased 4,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $23.75 per share, with a total value of $95,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 12,475 shares of company stock valued at $295,603. 0.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in STORE Capital by 189.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,096 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 2,681 shares during the period. The Manufacturers Life Insurance Company lifted its stake in STORE Capital by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 409 shares during the period. Landscape Capital Management L.L.C. bought a new position in STORE Capital during the fourth quarter worth about $201,000. Renaissance Technologies LLC bought a new position in shares of STORE Capital in the fourth quarter valued at approximately $211,000. Finally, Prudential Financial Inc. bought a new position in shares of STORE Capital in the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 94.29% of the company’s stock.

Shares of NYSE:STOR traded up $0.21 during midday trading on Wednesday, hitting $24.87. The company’s stock had a trading volume of 914,982 shares, compared to its average volume of 1,785,262. The company has a market cap of $4,791.04, a P/E ratio of 14.42, a P/E/G ratio of 2.82 and a beta of 0.11. STORE Capital has a fifty-two week low of $19.65 and a fifty-two week high of $26.58. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 0.57.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Wednesday, March 28th. STORE Capital’s payout ratio is presently 72.51%.

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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 1,921 property locations, substantially all of which are profit centers, in 48 states.

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Earnings History and Estimates for STORE Capital (NYSE:STOR)

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