Store Capital (NYSE:STOR) Research Coverage Started at BMO Capital Markets

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Analysts at BMO Capital Markets initiated coverage on shares of Store Capital (NYSE:STOR) in a report released on Tuesday, September 18th, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $32.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ target price suggests a potential upside of 16.66% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Mizuho set a $30.00 price objective on shares of Store Capital and gave the stock a “buy” rating in a research report on Monday, August 13th. Zacks Investment Research cut shares of Store Capital from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. LADENBURG THALM/SH SH reiterated a “hold” rating on shares of Store Capital in a report on Friday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $29.00 target price on shares of Store Capital in a report on Sunday, July 15th. Finally, Janney Montgomery Scott lowered shares of Store Capital from a “buy” rating to a “neutral” rating in a report on Friday, July 13th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $29.00.

Shares of Store Capital stock traded up $0.03 during mid-day trading on Tuesday, hitting $27.43. The stock had a trading volume of 1,071,046 shares, compared to its average volume of 1,544,578. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 3.18 and a beta of 0.15. Store Capital has a 12-month low of $22.51 and a 12-month high of $29.52.

Store Capital (NYSE:STOR) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.13). The company had revenue of $131.20 million for the quarter, compared to analysts’ expectations of $132.13 million. Store Capital had a return on equity of 5.60% and a net margin of 37.26%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. Equities analysts expect that Store Capital will post 1.75 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Store Capital by 0.4% in the 2nd quarter. FMR LLC now owns 21,616,266 shares of the real estate investment trust’s stock valued at $592,287,000 after purchasing an additional 80,498 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Store Capital by 5.6% in the 2nd quarter. BlackRock Inc. now owns 12,089,275 shares of the real estate investment trust’s stock valued at $331,247,000 after purchasing an additional 642,883 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Store Capital by 17.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,583,058 shares of the real estate investment trust’s stock valued at $317,376,000 after purchasing an additional 1,711,289 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Store Capital by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,648,579 shares of the real estate investment trust’s stock valued at $72,570,000 after purchasing an additional 29,687 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in shares of Store Capital by 27.0% in the 2nd quarter. Centersquare Investment Management LLC now owns 2,051,424 shares of the real estate investment trust’s stock valued at $56,209,000 after purchasing an additional 435,959 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

Store Capital Company Profile

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 2,084 property locations, substantially all of which are profit centers, in 49 states.

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Analyst Recommendations for Store Capital (NYSE:STOR)

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