Equities research analysts expect Store Capital Corp (NYSE:STOR) to post sales of $134.24 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Store Capital’s earnings. The highest sales estimate is $136.61 million and the lowest is $130.30 million. Store Capital posted sales of $113.85 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 21st.
On average, analysts expect that Store Capital will report full year sales of $508.33 million for the current year, with estimates ranging from $504.39 million to $510.70 million. For the next financial year, analysts anticipate that the business will report sales of $581.07 million, with estimates ranging from $525.77 million to $616.04 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Store Capital.
Several research firms have weighed in on STOR. Zacks Investment Research upgraded shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, January 15th. Mizuho set a $34.00 target price on shares of Store Capital and gave the company a “buy” rating in a research note on Wednesday, January 23rd. ValuEngine upgraded shares of Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Finally, BMO Capital Markets set a $32.00 price target on shares of Store Capital and gave the company a “buy” rating in a report on Thursday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Store Capital currently has a consensus rating of “Buy” and a consensus price target of $29.75.
Hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in Store Capital during the fourth quarter valued at approximately $26,000. Pearl River Capital LLC bought a new stake in shares of Store Capital in the fourth quarter valued at approximately $59,000. Enlightenment Research LLC bought a new stake in shares of Store Capital in the fourth quarter valued at approximately $113,000. DekaBank Deutsche Girozentrale boosted its position in shares of Store Capital by 69.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,863 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 2,412 shares during the period. Finally, Ffcm LLC boosted its position in shares of Store Capital by 255.7% in the fourth quarter. Ffcm LLC now owns 5,947 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 4,275 shares during the period. Institutional investors own 94.04% of the company’s stock.
STOR opened at $31.87 on Thursday. The firm has a market capitalization of $6.72 billion, a P/E ratio of 18.64, a P/E/G ratio of 3.46 and a beta of 0.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.37 and a current ratio of 0.37. Store Capital has a 12-month low of $22.87 and a 12-month high of $32.59.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.32 dividend on an annualized basis and a yield of 4.14%. Store Capital’s dividend payout ratio is currently 77.19%.
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 2,206 property locations, substantially all of which are profit centers, in 49 states.
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