Store Capital (NYSE:STOR) Reaches New 12-Month High at $36.93

Store Capital Corp (NYSE:STOR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.93 and last traded at $36.90, with a volume of 708040 shares traded. The stock had previously closed at $36.37.

Several analysts recently issued reports on STOR shares. ValuEngine lowered shares of Store Capital from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Store Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. BMO Capital Markets reiterated a “buy” rating and set a $35.00 price target on shares of Store Capital in a research report on Monday, August 5th. Raymond James increased their price target on shares of Store Capital from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Morgan Stanley increased their price target on shares of Store Capital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.14.

The firm has a market cap of $8.29 billion, a P/E ratio of 20.05, a P/E/G ratio of 3.85 and a beta of 0.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 0.35. The company’s 50 day moving average is $34.85 and its 200 day moving average is $33.70.

Store Capital (NYSE:STOR) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.17). The company had revenue of $163.80 million during the quarter, compared to the consensus estimate of $162.18 million. Store Capital had a net margin of 36.14% and a return on equity of 5.73%. Store Capital’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Store Capital Corp will post 1.9 EPS for the current year.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Store Capital by 5.5% during the second quarter. Vanguard Group Inc. now owns 29,124,884 shares of the real estate investment trust’s stock valued at $966,654,000 after buying an additional 1,512,668 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Store Capital by 1.2% during the second quarter. BlackRock Inc. now owns 13,878,838 shares of the real estate investment trust’s stock valued at $460,640,000 after buying an additional 158,489 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Store Capital by 6.7% during the first quarter. Principal Financial Group Inc. now owns 11,257,558 shares of the real estate investment trust’s stock valued at $377,128,000 after buying an additional 709,125 shares during the last quarter. Morgan Stanley grew its holdings in shares of Store Capital by 214.5% during the second quarter. Morgan Stanley now owns 4,550,895 shares of the real estate investment trust’s stock valued at $151,045,000 after buying an additional 3,103,657 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Store Capital by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,922,787 shares of the real estate investment trust’s stock valued at $82,746,000 after buying an additional 229,754 shares during the last quarter. 89.34% of the stock is owned by institutional investors and hedge funds.

Store Capital Company Profile (NYSE:STOR)

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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