Store Capital (STOR) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Store Capital (NYSE:STOR) from a hold rating to a buy rating in a report released on Tuesday morning.

Several other research firms have also recently weighed in on STOR. Morgan Stanley upgraded shares of Store Capital from an equal weight rating to an overweight rating and set a $31.00 price target on the stock in a report on Monday, October 1st. BMO Capital Markets started coverage on shares of Store Capital in a report on Tuesday, September 18th. They set a buy rating and a $32.00 price target on the stock. Mizuho set a $30.00 price target on shares of Store Capital and gave the stock a buy rating in a report on Monday, August 13th. Zacks Investment Research cut shares of Store Capital from a buy rating to a hold rating in a report on Thursday, August 9th. Finally, LADENBURG THALM/SH SH restated a hold rating on shares of Store Capital in a report on Friday, August 3rd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $29.00.

Shares of NYSE STOR opened at $29.09 on Tuesday. The stock has a market cap of $6.09 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 3.39 and a beta of 0.15. Store Capital has a 1 year low of $22.51 and a 1 year high of $29.76. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52.



Store Capital (NYSE:STOR) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). The business had revenue of $131.20 million for the quarter, compared to analyst estimates of $132.13 million. Store Capital had a net margin of 37.26% and a return on equity of 5.60%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, research analysts anticipate that Store Capital will post 1.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, September 27th. This is a boost from Store Capital’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 4.54%. Store Capital’s payout ratio is 77.19%.

Institutional investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd purchased a new position in Store Capital in the second quarter valued at about $117,000. Centaurus Financial Inc. purchased a new position in Store Capital in the second quarter valued at about $151,000. Pensionfund Sabic purchased a new position in Store Capital in the second quarter valued at about $164,000. Engineers Gate Manager LP purchased a new position in Store Capital in the second quarter valued at about $200,000. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new position in Store Capital in the second quarter valued at about $207,000. Institutional investors and hedge funds own 94.02% 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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