Brokerages Anticipate Store Capital Corp (STOR) to Post $0.46 EPS

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Analysts expect that Store Capital Corp (NYSE:STOR) will report earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Store Capital’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.46. Store Capital posted earnings of $0.41 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.2%. The company is expected to issue its next earnings report on Thursday, November 1st.

On average, analysts expect that Store Capital will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.80 to $1.82. For the next fiscal year, analysts anticipate that the business will post earnings of $1.91 per share, with EPS estimates ranging from $1.88 to $1.93. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Store Capital.

Store Capital (NYSE:STOR) last issued its quarterly earnings results 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 firm had revenue of $131.20 million for the quarter, compared to the consensus estimate of $132.13 million. Store Capital had a net margin of 37.26% and a return on equity of 5.60%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 earnings per share.

STOR has been the subject of a number of research reports. LADENBURG THALM/SH SH reaffirmed a “hold” rating on shares of Store Capital in a research note on Friday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $29.00 price target on shares of Store Capital in a research note on Sunday, July 15th. Mizuho set a $30.00 price target on Store Capital and gave the company a “buy” rating in a research note on Monday, August 13th. ValuEngine lowered Store Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Finally, Janney Montgomery Scott lowered Store Capital from a “buy” rating to a “neutral” rating in a research note on Friday, July 13th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.17.

NYSE STOR traded down $0.23 on Thursday, reaching $28.68. 1,015,886 shares of the stock traded hands, compared to its average volume of 1,396,053. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market cap of $5.93 billion, a P/E ratio of 16.69, a PEG ratio of 3.31 and a beta of 0.15. Store Capital has a 12 month low of $22.51 and a 12 month high of $29.52.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, September 27th. This is a positive change from Store Capital’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 4.60%. Store Capital’s dividend payout ratio (DPR) is currently 72.51%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in shares of Store Capital during the 2nd quarter worth $117,000. Centaurus Financial Inc. bought a new stake in shares of Store Capital during the 2nd quarter worth $151,000. IFP Advisors Inc boosted its stake in shares of Store Capital by 326.8% during the 1st quarter. IFP Advisors Inc now owns 5,660 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 4,334 shares in the last quarter. Pensionfund Sabic bought a new stake in shares of Store Capital during the 2nd quarter worth $164,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Store Capital during the 2nd quarter worth $200,000. 94.04% of the stock is owned by institutional investors and hedge funds.

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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