Equities analysts expect STORE Capital (NYSE:STOR) to announce sales of $116.01 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for STORE Capital’s earnings. The highest sales estimate is $119.50 million and the lowest is $114.17 million. STORE Capital reported sales of $101.91 million during the same quarter last year, which indicates a positive year over year growth rate of 13.8%. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that STORE Capital will report full year sales of $116.01 million for the current fiscal year, with estimates ranging from $460.55 million to $506.20 million. For the next financial year, analysts forecast that the business will post sales of $537.15 million per share, with estimates ranging from $468.31 million to $573.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow STORE Capital.
STORE Capital (NYSE:STOR) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $114.90 million. STORE Capital had a return on equity of 5.35% and a net margin of 36.27%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS.
In other STORE Capital news, CFO Catherine F. Long purchased 4,225 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $23.70 per share, for a total transaction of $100,132.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher H. Volk purchased 4,250 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of $23.64 per share, for a total transaction of $100,470.00. The disclosure for this purchase can be found here. Insiders have bought 12,475 shares of company stock worth $295,603 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of STOR. Deutsche Bank AG grew its stake in STORE Capital by 33.9% in the fourth quarter. Deutsche Bank AG now owns 5,628,303 shares of the real estate investment trust’s stock valued at $146,557,000 after purchasing an additional 1,425,053 shares in the last quarter. Millennium Management LLC purchased a new position in STORE Capital in the fourth quarter valued at about $17,041,000. Macquarie Group Ltd. grew its stake in STORE Capital by 1,073.4% in the fourth quarter. Macquarie Group Ltd. now owns 645,396 shares of the real estate investment trust’s stock valued at $16,770,000 after purchasing an additional 590,396 shares in the last quarter. Advisory Research Inc. purchased a new position in STORE Capital in the fourth quarter valued at about $14,812,000. Finally, American Century Companies Inc. grew its stake in STORE Capital by 35.2% in the fourth quarter. American Century Companies Inc. now owns 1,948,448 shares of the real estate investment trust’s stock valued at $50,738,000 after purchasing an additional 507,676 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.
Shares of NYSE STOR opened at $24.51 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $4,868.76, a P/E ratio of 14.33, a P/E/G ratio of 2.86 and a beta of 0.12. STORE Capital has a 52-week low of $19.65 and a 52-week high of $26.58.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.06%. STORE Capital’s dividend payout ratio is 72.51%.
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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 1,921 property locations, substantially all of which are profit centers, in 48 states.
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