Equities researchers at Mizuho began coverage on shares of Store Capital Corp. (NYSE:STOR) in a research report issued on Thursday. The firm set a “buy” rating and a $30.50 price target on the stock. Mizuho’s price target indicates a potential upside of 8.85% from the company’s current price.

Several other research firms have also recently issued reports on STOR. Zacks Investment Research upgraded shares of Store Capital Corp. from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, July 27th. Stifel Nicolaus lifted their price objective on shares of Store Capital Corp. from $29.00 to $31.50 and gave the company a “buy” rating in a research report on Monday, July 11th. Credit Suisse Group AG reiterated a “sell” rating and set a $30.00 price objective on shares of Store Capital Corp. in a research report on Monday, August 29th. KeyCorp upgraded shares of Store Capital Corp. from a “sector weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a research report on Thursday, July 14th. Finally, BTIG Research started coverage on shares of Store Capital Corp. in a research report on Thursday, August 25th. They set a “buy” rating and a $35.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $30.04.

Analyst Recommendations for Store Capital Corp. (NYSE:STOR)

Store Capital Corp. (NYSE:STOR) opened at 28.02 on Thursday. Store Capital Corp. has a one year low of $21.19 and a one year high of $31.44. The firm has a 50-day moving average of $29.04 and a 200 day moving average of $27.98. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 37.46 and a beta of 0.34.

Store Capital Corp. (NYSE:STOR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $92 million for the quarter, compared to analysts’ expectations of $86.58 million. Store Capital Corp. had a net margin of 31.21% and a return on equity of 4.97%. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. Equities research analysts predict that Store Capital Corp. will post $1.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.14%. This is a positive change from Store Capital Corp.’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, September 28th. Store Capital Corp.’s payout ratio is presently 154.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of STOR. Geode Capital Management LLC raised its position in Store Capital Corp. by 55.9% in the first quarter. Geode Capital Management LLC now owns 591,892 shares of the company’s stock valued at $15,318,000 after buying an additional 212,264 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Store Capital Corp. during the first quarter valued at approximately $1,625,000. UBS Asset Management Americas Inc. raised its position in Store Capital Corp. by 47.8% in the first quarter. UBS Asset Management Americas Inc. now owns 180,866 shares of the company’s stock valued at $4,681,000 after buying an additional 58,484 shares during the last quarter. UBS Group AG raised its position in Store Capital Corp. by 33.9% in the first quarter. UBS Group AG now owns 20,027 shares of the company’s stock valued at $518,000 after buying an additional 5,073 shares during the last quarter. Finally, Credit Agricole S A raised its position in Store Capital Corp. by 94.9% in the first quarter. Credit Agricole S A now owns 43,151 shares of the company’s stock valued at $1,117,000 after buying an additional 21,011 shares during the last quarter.

About Store Capital Corp.

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. The Company’s portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states.

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