Analysts expect STORE Capital Co. (NYSE: STOR) to post revenue of $194.55 million for the current quarter, according to Zacks. Five analysts provided earnings estimates for STORE Capital, with the highest sales estimate at $202.09 million and the lowest estimate at $184.34 million. STORE Capital recorded sales of $161.83 million in the same quarter last year, which would indicate a positive growth rate of 20.2% year over year. The company is expected to release its next quarterly earnings report on Thursday, February 24.
According to Zacks, analysts expect STORE Capital to report full-year sales of $751.60 million for the current year, with estimates ranging from $717.96 million to $775.52 million. dollars. For the next fiscal year, analysts expect the company to record sales of $818.22 million, with estimates ranging from $740.39 million to $880.24 million. Zacks sales calculations are an average based on a survey of research companies that cover STORE Capital.
STORE Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, November 4. The real estate investment trust reported earnings per share of $0.28 for the quarter, missing the consensus estimate of $0.49 per ($0.21). The company posted revenue of $199.13 million for the quarter, versus analyst estimates of $199.33 million. STORE Capital achieved a return on equity of 4.71% and a net margin of 33.24%. The company’s revenue for the quarter increased 13.6% on an annual basis. In the same quarter of the previous year, the company had earned earnings per share of $0.46.
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A number of research analysts have recently commented on the stock. Jefferies Financial Group downgraded shares of STORE Capital from a “buy” rating to a “hold” rating and lowered its price target for the company from $39.00 to $37.00 in a Monday research note January 10. Zacks Investment Research downgraded shares of STORE Capital from a “buy” rating to a “hold” rating in a Thursday, Dec. 16, report. Morgan Stanley cut its price target on STORE Capital shares from $37.00 to $36.00 and set an “equal weight” rating for the company in a Friday, Dec. 3 report. Finally, Mizuho cut its price target on STORE Capital shares from $37.00 to $33.00 in a report on Thursday. Seven equity research analysts rated the stock with a hold rating and one gave the company a buy rating. Based on data from MarketBeat, STORE Capital currently has a consensus rating of “Hold” and an average target price of $36.00.
A number of hedge funds have recently increased or reduced their stake in STOR. Amundi Pioneer Asset Management Inc. increased its position in STORE Capital by 1.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 135,188 shares of the real estate investment trust worth $4,529,000 after buying 2,307 additional shares last quarter. Rockefeller Capital Management LP increased its position in STORE Capital by 270.7% during the second quarter. Rockefeller Capital Management LP now owns 8,486 shares of the real estate investment trust worth $292,000 after buying an additional 6,197 shares last quarter. JustInvest LLC acquired a new position in STORE Capital in Q2 worth approximately $242,000. Equitable Holdings Inc. increased its position in STORE Capital by 7.3% in Q2. Equitable Holdings Inc. now owns 9,649 shares of the real estate investment trust worth $333,000 after acquiring an additional 654 shares during the period. Finally, Bank of New York Mellon Corp increased its position in STORE Capital by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,070,462 shares of the real estate investment trust valued at $105,961,000 after acquiring an additional 22,136 shares during the period. Institutional investors and hedge funds own 83.68% of the company’s shares.
STOR shares opened at $30.55 on Friday. STORE Capital has a 52-week low of $30.42 and a 52-week high of $37.13. The company has a market capitalization of $8.33 billion, a P/E ratio of 33.40 and a beta of 1.24. The company’s 50-day simple moving average is $33.78 and its 200-day simple moving average is $34.57. The company has a debt ratio of 0.51, a quick ratio of 0.44 and a current ratio of 0.44.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 18. Shareholders of record on Friday, December 31 received a dividend of $0.385 per share. This represents a dividend of $1.54 on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Thursday, December 30. STORE Capital’s dividend payout ratio (DPR) is currently 165.59%.
About STORE Capital
STORE Capital Corp. operates as an internally managed net leasehold real estate investment trust. The Company engages in the acquisition, investment, management and ownership of single-tenant operational real estate properties. The company was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.
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