Store Capital (STOR) Price Target Increased to $36.00 by Analysts at Raymond James

Store Capital (NYSE:STOR) had its price target raised by Raymond James from $34.00 to $36.00 in a research note released on Monday, BenzingaRatingsTable reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank started coverage on shares of Store Capital in a research note on Tuesday, April 23rd. They set a buy rating and a $36.00 target price on the stock. BTIG Research lifted their target price on shares of Store Capital to $37.00 and gave the stock a buy rating in a research note on Monday, April 15th. Mizuho set a $34.00 target price on shares of Store Capital and gave the stock a buy rating in a research note on Wednesday, January 23rd. Zacks Investment Research raised shares of Store Capital from a hold rating to a buy rating and set a $33.00 target price on the stock in a research note on Tuesday, January 15th. Finally, BMO Capital Markets set a $32.00 target price on shares of Store Capital and gave the stock a buy rating in a research note on Monday, January 14th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $33.50.

Shares of NYSE STOR opened at $33.17 on Monday. The firm has a market capitalization of $7.46 billion, a P/E ratio of 18.03, a P/E/G ratio of 3.59 and a beta of 0.30. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.55. Store Capital has a one year low of $25.37 and a one year high of $34.10.

Store Capital (NYSE:STOR) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.26). The company had revenue of $156.60 million during the quarter, compared to analysts’ expectations of $152.22 million. Store Capital had a return on equity of 5.97% and a net margin of 37.19%. Store Capital’s revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. Equities research analysts expect that Store Capital will post 1.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.32 annualized dividend and a yield of 3.98%. Store Capital’s dividend payout ratio (DPR) is presently 71.74%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in shares of Store Capital during the 4th quarter valued at about $26,000. Cedar Wealth Management LLC acquired a new position in shares of Store Capital during the 1st quarter valued at about $34,000. Parallel Advisors LLC boosted its position in shares of Store Capital by 2,702.7% during the 1st quarter. Parallel Advisors LLC now owns 1,037 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new position in shares of Store Capital during the 1st quarter valued at about $50,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of Store Capital during the 1st quarter valued at about $50,000. 91.31% of the stock is currently owned by institutional investors.

About Store Capital

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 2,255 property locations, substantially all of which are profit centers, in 49 states.

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