Analysts Expect STORE Capital Corporation (STOR) to Post $0.39 EPS

Equities research analysts expect STORE Capital Corporation (NYSE:STOR) to announce earnings of $0.39 per share for the current quarter, according to Zacks. Five analysts have issued estimates for STORE Capital Corporation’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.40. STORE Capital Corporation posted earnings per share of $0.24 in the same quarter last year, which suggests a positive year over year growth rate of 62.5%. The company is scheduled to report its next earnings report before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that STORE Capital Corporation will report full year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.62 to $1.65. For the next financial year, analysts expect that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.66 to $1.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow STORE Capital Corporation.

STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.07). STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The business had revenue of $114.21 million for the quarter, compared to the consensus estimate of $112.27 million. During the same quarter last year, the business earned $0.38 EPS. STORE Capital Corporation’s revenue for the quarter was up 24.2% compared to the same quarter last year.

STOR has been the topic of several recent research reports. Capital One Financial Corporation reaffirmed a “buy” rating and set a $30.00 target price on shares of STORE Capital Corporation in a research note on Friday, June 30th. Mizuho raised shares of STORE Capital Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $23.50 to $27.00 in a research report on Thursday, August 31st. BTIG Research reissued a “buy” rating and set a $28.00 price target on shares of STORE Capital Corporation in a research report on Friday, June 30th. BidaskClub cut shares of STORE Capital Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Finally, Zacks Investment Research raised shares of STORE Capital Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. STORE Capital Corporation currently has an average rating of “Buy” and an average price target of $27.22.

STORE Capital Corporation (NYSE STOR) traded down 1.29% during trading on Wednesday, reaching $25.31. 1,775,868 shares of the company’s stock traded hands. The firm has a market capitalization of $4.80 billion, a PE ratio of 25.51 and a beta of 0.23. STORE Capital Corporation has a one year low of $19.65 and a one year high of $28.58. The company has a 50-day moving average price of $25.43 and a 200 day moving average price of $23.44.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.31 per share. This is a boost from STORE Capital Corporation’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.24 annualized dividend and a dividend yield of 4.90%. STORE Capital Corporation’s payout ratio is presently 126.53%.

In related news, Director William Franklin Hipp bought 4,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $25.18 per share, with a total value of $100,720.00. Following the completion of the transaction, the director now directly owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berkshire Hathaway Inc. acquired a new position in STORE Capital Corporation in the second quarter valued at about $418,057,000. American Century Companies Inc. lifted its position in STORE Capital Corporation by 34.1% in the second quarter. American Century Companies Inc. now owns 737,678 shares of the real estate investment trust’s stock valued at $16,561,000 after buying an additional 187,680 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new position in STORE Capital Corporation in the second quarter valued at about $1,957,000. Goldman Sachs Group Inc. lifted its position in STORE Capital Corporation by 111.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,379,729 shares of the real estate investment trust’s stock valued at $30,974,000 after buying an additional 726,377 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in STORE Capital Corporation by 22.0% in the second quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock valued at $272,516,000 after buying an additional 2,189,912 shares during the last quarter.

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STORE Capital Corporation Company Profile

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.

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