STORE CAPITAL (NYSE: STOR – Get a rating) will release earnings data after market close on Wednesday, May 4. Analysts expect STORE Capital to post earnings of $0.52 per share for the quarter. STORE Capital has set its guidance for fiscal 2022 at $2,180-$2,220 EPS. Those interested in participating in the company’s earnings conference call can do so using this link.
STORE CAPITAL (NYSE: STOR – Get a rating) last released its quarterly results on Wednesday, February 23. The real estate investment trust reported earnings per share (EPS) of $0.28 for the quarter, missing analyst consensus estimates of $0.49 per ($0.21). The company posted revenue of $209.23 million in the quarter, compared to $201.56 million expected by analysts. STORE Capital achieved a return on equity of 5.08% and a net margin of 34.29%. STORE Capital’s revenue for the quarter increased 21.0% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.44. On average, analysts expect STORE Capital to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
NYSE STOR opened at $29.54 on Wednesday. The company has a 50-day simple moving average of $29.76 and a 200-day simple moving average of $32.05. The company has a debt ratio of 0.50, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $8.26 billion, a price-earnings ratio of 29.54 and a beta of 1.23. STORE Capital has a 52-week low of $28.32 and a 52-week high of $37.13.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15. Shareholders of record on Thursday, March 31 received a dividend of $0.385. This represents a dividend of $1.54 on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Wednesday, March 30. STORE Capital’s dividend payout ratio (DPR) is 154.00%.
Several equity analysts have recently weighed in on STOR shares. StockNews.com began covering STORE Capital stocks in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Zacks Investment Research downgraded STORE Capital shares from a “buy” rating to a “hold” rating in a Tuesday, February 15 research report. 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 report January 10. Mizuho cut its price target on STORE Capital shares from $37.00 to $33.00 in a Thursday, January 20 research report. Finally, Capital One Financial reaffirmed an “overweight” rating on STORE Capital shares in a Friday, January 21 research report. One research analyst rated the stock with a sell rating, seven issued a hold rating and one assigned the company’s stock a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.86.
Several large investors have recently increased or reduced their stake in the company. BlackRock Inc. raised its position in STORE Capital shares by 4.3% in the fourth quarter. BlackRock Inc. now owns 27,906,158 shares of the real estate investment trust worth $959,974,000 after purchasing an additional 1,157,044 shares during the period. Goldman Sachs Group Inc. raised its position in STORE Capital shares by 88.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,598,614 shares of the real estate investment trust valued at $54,992,000 after purchasing an additional 751,958 shares during the period. Virtu Financial LLC increased its position in STORE Capital shares by 5.0% in the fourth quarter. Virtu Financial LLC now owns 10,059 shares of the REIT worth $346,000 after purchasing 483 additional shares during the period. Parametric Portfolio Associates LLC increased its position in STORE Capital shares by 6.0% in the fourth quarter. Parametric Portfolio Associates LLC now owns 411,448 shares of the real estate investment trust worth $14,154,000 after purchasing an additional 23,162 shares during the period. Finally, the Tennessee State Treasury Department increased its stake in STORE Capital shares by 28.3% in the fourth quarter. The Tennessee State Treasury Department now owns 136,029 shares of the REIT worth $4,679,000 after acquiring 30,000 more shares in the last quarter. 84.64% of the shares are currently held by institutional investors.
About STORE Capital (Get a rating)
STORE Capital Corporation is an internally managed net leasehold real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of single-tenant operating real estate, which is its target market and l inspiration from his name. STORE Capital is one of the largest and fastest growing net leasehold REITs with a large and well-diversified portfolio of investments in more than 2,500 real estate locations across the United States, which are for most profit centers.
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