Store Capital (NYSE:STOR) PT Raised to $36.00

Store Capital (NYSE:STOR) had its price target boosted by equities researchers at Morgan Stanley from $35.00 to $36.00 in a research note issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective suggests a potential upside of 5.11% from the company’s previous close.

STOR has been the topic of a number of other research reports. Raymond James restated an “average” rating on shares of PPL in a research note on Monday, May 6th. BTIG Research started coverage on Forestar Group in a research note on Monday, April 15th. They set a “buy” rating and a $23.00 price objective on the stock. Berenberg Bank set a €126.00 ($146.51) price objective on Nemetschek and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.13.

Shares of NYSE STOR opened at $34.25 on Thursday. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 3.65 and a beta of 0.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.29 and a current ratio of 0.29. Store Capital has a 1-year low of $26.93 and a 1-year high of $35.59. The business’s 50 day moving average price is $34.40.

Store Capital (NYSE:STOR) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.26). Store Capital had a return on equity of 5.83% and a net margin of 37.19%. The company had revenue of $156.60 million for the quarter, compared to the consensus estimate of $152.22 million. During the same quarter last year, the business earned $0.44 EPS. Store Capital’s revenue was up 24.5% on a year-over-year basis. On average, research analysts predict that Store Capital will post 1.9 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of STOR. Castle Rock Wealth Management LLC raised its stake in Store Capital by 40.7% during the 4th quarter. Castle Rock Wealth Management LLC now owns 33,361 shares of the real estate investment trust’s stock valued at $1,069,000 after buying an additional 9,642 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Store Capital by 5.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,367,831 shares of the real estate investment trust’s stock valued at $38,724,000 after buying an additional 72,145 shares during the last quarter. Raymond James & Associates raised its stake in Store Capital by 35.9% during the 4th quarter. Raymond James & Associates now owns 192,052 shares of the real estate investment trust’s stock valued at $5,437,000 after buying an additional 50,712 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Store Capital by 21.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 86,319 shares of the real estate investment trust’s stock valued at $2,444,000 after buying an additional 15,270 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Store Capital during the 4th quarter valued at $201,000. 90.25% of the stock is currently owned by hedge funds and other 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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