STORE Capital (NYSE:STOR – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.20-$2.23 for the period. The company issued revenue guidance of -.
Shares of NYSE STOR traded down $0.45 during mid-day trading on Monday, reaching $26.70. The company had a trading volume of 188,077 shares, compared to its average volume of 2,557,217. STORE Capital has a twelve month low of $26.81 and a twelve month high of $37.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.39 and a current ratio of 0.40. The stock has a market capitalization of $7.47 billion, a PE ratio of 24.09 and a beta of 1.17. The stock’s 50 day moving average is $29.41 and its 200-day moving average is $31.73.
STORE Capital (NYSE:STOR – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $222.12 million during the quarter, compared to analysts’ expectations of $212.11 million. STORE Capital had a net margin of 36.52% and a return on equity of 5.65%. STORE Capital’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. On average, sell-side analysts anticipate that STORE Capital will post 2.14 EPS for the current year.
A number of equities research analysts recently issued reports on STOR shares. Morgan Stanley decreased their price objective on shares of STORE Capital from $36.00 to $35.00 and set an equal weight rating for the company in a report on Monday, March 7th. Zacks Investment Research cut shares of STORE Capital from a buy rating to a hold rating in a report on Tuesday, February 15th. Jefferies Financial Group cut shares of STORE Capital from a buy rating to a hold rating and decreased their price target for the company from $39.00 to $37.00 in a report on Monday, January 10th. Capital One Financial restated an overweight rating on shares of STORE Capital in a report on Friday, January 21st. Finally, BMO Capital Markets cut shares of STORE Capital from a market perform rating to an underperform rating and decreased their price target for the company from $37.00 to $29.00 in a report on Monday, March 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of $34.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc lifted its stake in shares of STORE Capital by 16.7% in the fourth quarter. NEXT Financial Group Inc now owns 2,668 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 382 shares during the period. Virtu Financial LLC raised its position in STORE Capital by 5.0% in the fourth quarter. Virtu Financial LLC now owns 10,059 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 483 shares in the last quarter. Cetera Investment Advisers acquired a new position in STORE Capital in the fourth quarter worth about $382,000. Allstate Corp acquired a new position in STORE Capital in the fourth quarter worth about $390,000. Finally, Guggenheim Capital LLC raised its position in STORE Capital by 16.8% in the fourth quarter. Guggenheim Capital LLC now owns 14,963 shares of the real estate investment trust’s stock worth $515,000 after purchasing an additional 2,156 shares in the last quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.
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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