STORE Capital Corporation (STOR) Earns Hold Rating from KeyCorp
STORE Capital Corporation (NYSE:STOR)‘s stock had its “hold” rating reiterated by research analysts at KeyCorp in a research report issued to clients and investors on Wednesday.
A number of other research firms have also commented on STOR. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of STORE Capital Corporation in a research report on Wednesday, August 16th. BidaskClub upgraded STORE Capital Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Stifel Nicolaus restated a “buy” rating and issued a $25.50 target price on shares of STORE Capital Corporation in a research note on Friday, July 14th. TheStreet upgraded STORE Capital Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, FBR & Co started coverage on STORE Capital Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $24.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $27.55.
Shares of STORE Capital Corporation (NYSE:STOR) traded down 0.56% during mid-day trading on Wednesday, reaching $25.05. 409,662 shares of the company’s stock were exchanged. The company has a market cap of $4.75 billion, a PE ratio of 25.25 and a beta of 0.23. The company’s 50-day moving average price is $25.29 and its 200 day moving average price is $23.29. STORE Capital Corporation has a 52-week low of $19.65 and a 52-week high of $28.58.
STORE Capital Corporation (NYSE:STOR) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.07). The company had revenue of $114.21 million during the quarter, compared to the consensus estimate of $112.27 million. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. STORE Capital Corporation’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts predict that STORE Capital Corporation will post $0.87 EPS for the current year.
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In related 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 bought at an average price of $25.18 per share, for a total transaction of $100,720.00. Following the completion of the transaction, the director now directly owns 18,499 shares of the company’s stock, valued at $465,804.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of STORE Capital Corporation by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 26,355,624 shares of the real estate investment trust’s stock worth $591,684,000 after acquiring an additional 220,040 shares in the last quarter. Berkshire Hathaway Inc. purchased a new stake in STORE Capital Corporation in the second quarter worth $418,057,000. CI Global Investments Inc. grew its stake in STORE Capital Corporation by 154.8% in the second quarter. CI Global Investments Inc. now owns 12,744,954 shares of the real estate investment trust’s stock worth $286,124,000 after purchasing an additional 7,743,682 shares during the period. Principal Financial Group Inc. raised its holdings in STORE Capital Corporation by 22.0% in the second quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock worth $272,516,000 after purchasing an additional 2,189,912 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in STORE Capital Corporation by 11.4% in the second quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock worth $254,025,000 after purchasing an additional 1,162,257 shares in the last quarter.
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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