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

Store Capital Corp (NYSE:STOR)’s share price 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 changing hands. The stock had previously closed at $36.37.

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

The stock has a market cap of $8.26 billion, a P/E ratio of 19.93, a PEG ratio of 3.83 and a beta of 0.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.35 and a quick ratio of 0.35. The firm’s 50-day moving average price is $34.91 and its 200-day moving average price is $33.73.



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

A number of institutional investors and hedge funds have recently made changes to their positions in STOR. Morgan Stanley increased its position in Store Capital by 214.5% in the second quarter. Morgan Stanley now owns 4,550,895 shares of the real estate investment trust’s stock worth $151,045,000 after purchasing an additional 3,103,657 shares during the last quarter. Vanguard Group Inc. increased its position in Store Capital by 5.5% in the second quarter. Vanguard Group Inc. now owns 29,124,884 shares of the real estate investment trust’s stock worth $966,654,000 after purchasing an additional 1,512,668 shares during the last quarter. Duff & Phelps Investment Management Co. bought a new stake in Store Capital in the second quarter worth $46,688,000. Principal Financial Group Inc. increased its position in Store Capital by 6.7% in the first quarter. Principal Financial Group Inc. now owns 11,257,558 shares of the real estate investment trust’s stock worth $377,128,000 after purchasing an additional 709,125 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Store Capital by 176.3% in the second quarter. Nuveen Asset Management LLC now owns 969,685 shares of the real estate investment trust’s stock worth $32,185,000 after purchasing an additional 618,705 shares during the last quarter. Institutional investors own 89.34% of the company’s stock.

About Store Capital (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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