STORE Capital Corporation (NYSE:STOR) has been assigned an average recommendation of “Buy” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $26.94.

STOR has been the subject of several recent analyst reports. Capital One Financial Corporation reaffirmed a “buy” rating and set a $30.00 price objective on shares of STORE Capital Corporation in a report on Friday, June 30th. Mizuho raised shares of STORE Capital Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.50 to $27.00 in a report on Thursday, August 31st. 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. BTIG Research reaffirmed a “buy” rating and set a $28.00 price objective on shares of STORE Capital Corporation in a report on Friday, June 30th. Finally, BidaskClub raised shares of STORE Capital Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th.

In related news, Director William Franklin Hipp purchased 4,000 shares of STORE Capital Corporation stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $25.18 per share, with a total value of $100,720.00. Following the acquisition, the director now directly owns 18,499 shares in the company, valued at $465,804.82. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC boosted its holdings in STORE Capital Corporation by 19.9% in the 2nd quarter. Penserra Capital Management LLC now owns 4,530 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 752 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in STORE Capital Corporation by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 409 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in STORE Capital Corporation by 12.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 580 shares during the period. PNC Financial Services Group Inc. boosted its holdings in STORE Capital Corporation by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 619 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its holdings in STORE Capital Corporation by 14.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 6,164 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 759 shares during the period.

STORE Capital Corporation (NYSE STOR) traded down 0.28% during trading on Friday, hitting $25.12. 1,766,016 shares of the company traded hands. The firm has a market cap of $4.76 billion, a P/E ratio of 25.32 and a beta of 0.23. STORE Capital Corporation has a one year low of $19.65 and a one year high of $28.58. The firm has a 50 day moving average of $25.29 and a 200 day moving average of $23.29.

STORE Capital Corporation (NYSE:STOR) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.07). The business had revenue of $114.21 million for the quarter, compared to analyst estimates of $112.27 million. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 EPS. On average, analysts expect that STORE Capital Corporation will post $0.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from STORE Capital Corporation’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 4.94%. STORE Capital Corporation’s dividend payout ratio is 126.53%.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set STORE Capital Corporation (STOR) PT at $26.94” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/04/brokerages-set-store-capital-corporation-stor-pt-at-26-94.html.

STORE Capital Corporation 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 Corporation (NYSE:STOR)

Receive News & Stock Ratings for STORE Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STORE Capital Corporation and related stocks with our FREE daily email newsletter.