Brokerages expect STORE Capital Corporation (NYSE:STOR) to report $108.85 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for STORE Capital Corporation’s earnings, with the lowest sales estimate coming in at $102.82 million and the highest estimate coming in at $111.06 million. STORE Capital Corporation reported sales of $91.76 million in the same quarter last year, which indicates a positive year over year growth rate of 18.6%. The business is expected to report its next earnings report on Thursday, November 2nd.

On average, analysts expect that STORE Capital Corporation will report full-year sales of $108.85 million for the current year, with estimates ranging from $410.38 million to $436.90 million. For the next fiscal year, analysts forecast that the firm will report sales of $472.32 million per share, with estimates ranging from $417.80 million to $503.06 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for STORE Capital Corporation.

STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $114.21 million for the quarter, compared to analyst estimates of $112.27 million. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share.

Several research analysts have recently commented on STOR shares. Capital One Financial Corporation reaffirmed a “buy” rating and set a $30.00 target price on shares of STORE Capital Corporation in a report on Friday, June 30th. Stifel Nicolaus lowered their target price on shares of STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a report on Monday, May 15th. BTIG Research reaffirmed a “buy” rating and set a $28.00 target price on shares of STORE Capital Corporation in a report on Friday, June 30th. Zacks Investment Research raised shares of STORE Capital Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Mizuho raised shares of STORE Capital Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.50 to $27.00 in a report on Thursday, August 31st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $27.59.

In other news, Director William Franklin Hipp purchased 4,000 shares of STORE Capital Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $25.18 per share, for a total transaction of $100,720.00. Following the transaction, the director now owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of STOR. ProShare Advisors LLC boosted its position in shares of STORE Capital Corporation by 260.0% during the 1st quarter. ProShare Advisors LLC now owns 148,137 shares of the real estate investment trust’s stock worth $1,015,000 after acquiring an additional 106,984 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of STORE Capital Corporation by 3.6% during the 1st quarter. Russell Investments Group Ltd. now owns 393,967 shares of the real estate investment trust’s stock worth $9,426,000 after acquiring an additional 13,517 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of STORE Capital Corporation by 19.9% during the 1st quarter. Wells Fargo & Company MN now owns 126,606 shares of the real estate investment trust’s stock worth $3,023,000 after acquiring an additional 21,004 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of STORE Capital Corporation by 1.9% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,667 shares of the real estate investment trust’s stock worth $589,000 after acquiring an additional 450 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of STORE Capital Corporation by 158.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 40,752 shares of the real estate investment trust’s stock worth $972,000 after acquiring an additional 25,000 shares in the last quarter.

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Shares of STORE Capital Corporation (NYSE:STOR) opened at 25.89 on Tuesday. The firm has a market capitalization of $4.91 billion, a P/E ratio of 26.10 and a beta of 0.24. STORE Capital Corporation has a 12-month low of $19.65 and a 12-month high of $30.65. The firm’s 50-day moving average price is $24.42 and its 200-day moving average price is $23.06.

About STORE Capital Corporation

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.

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