$0.52 EPS Expected for STORE Capital Co. (NYSE:STOR) This Quarter

Equities analysts expect STORE Capital Co. (NYSE:STORGet Rating) to report $0.52 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for STORE Capital’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. STORE Capital posted earnings per share of $0.47 during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.6%. The business is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that STORE Capital will report full year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.17. For the next financial year, analysts forecast that the business will post earnings of $2.24 per share, with EPS estimates ranging from $2.17 to $2.30. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover STORE Capital.

STORE Capital (NYSE:STORGet Rating) last announced its earnings results on Wednesday, February 23rd. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.21). STORE Capital had a net margin of 34.29% and a return on equity of 5.08%. The firm had revenue of $209.23 million for the quarter, compared to the consensus estimate of $201.56 million. During the same period in the prior year, the business earned $0.44 EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year.

Several research analysts recently weighed in on STOR shares. BMO Capital Markets cut STORE Capital from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $37.00 to $29.00 in a research note on Monday, March 7th. Zacks Investment Research lowered STORE Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, February 15th. Mizuho decreased their price target on STORE Capital from $37.00 to $33.00 in a research report on Thursday, January 20th. StockNews.com initiated coverage on STORE Capital in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley decreased their price target on STORE Capital from $36.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, STORE Capital currently has an average rating of “Hold” and a consensus price target of $34.86.

A number of institutional investors have recently made changes to their positions in STOR. Amundi Pioneer Asset Management Inc. lifted its stake 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’s stock worth $4,529,000 after acquiring an additional 2,307 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in STORE Capital by 3.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 87,987 shares of the real estate investment trust’s stock worth $2,818,000 after acquiring an additional 2,969 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in STORE Capital by 4.7% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 96,852 shares of the real estate investment trust’s stock worth $3,102,000 after acquiring an additional 4,384 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in STORE Capital by 4.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 105,998 shares of the real estate investment trust’s stock worth $3,396,000 after acquiring an additional 4,247 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in STORE Capital by 10.5% in the 3rd quarter. Advisor Group Holdings Inc. now owns 48,511 shares of the real estate investment trust’s stock worth $1,560,000 after acquiring an additional 4,623 shares in the last quarter. 86.02% of the stock is owned by hedge funds and other institutional investors.

Shares of STOR stock opened at $27.50 on Tuesday. The stock has a 50-day simple moving average of $29.62 and a 200 day simple moving average of $31.91. STORE Capital has a fifty-two week low of $26.81 and a fifty-two week high of $37.13. The stock has a market capitalization of $7.69 billion, a P/E ratio of 27.50 and a beta of 1.23. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.50.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a $0.385 dividend. This represents a $1.54 annualized dividend and a yield of 5.60%. The ex-dividend date of this dividend was Wednesday, March 30th. STORE Capital’s dividend payout ratio is currently 154.00%.

About STORE Capital (Get Rating)

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 more than 2,500 property locations across the United States, substantially all of which are profit centers.

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Earnings History and Estimates for STORE Capital (NYSE:STOR)

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