STORE Capital (NYSE:STOR) Updates FY 2022 Earnings Guidance

STORE Capital (NYSE:STORGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.20-$2.23 for the period. The company issued revenue guidance of -.

A number of equities research analysts have commented on the company. Capital One Financial reissued an overweight rating on shares of STORE Capital in a research note on Friday, January 21st. Morgan Stanley cut their target price on STORE Capital from $36.00 to $35.00 and set an equal weight rating on the stock in a research report on Monday, March 7th. BMO Capital Markets cut STORE Capital from a market perform rating to an underperform rating and cut their price objective for the stock from $37.00 to $29.00 in a research report on Monday, March 7th. StockNews.com initiated coverage on STORE Capital in a research report on Thursday, March 31st. They issued a hold rating on the stock. Finally, Zacks Investment Research lowered STORE Capital from a buy rating to a hold rating in a research note on Tuesday, February 15th. One equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $34.50.

Shares of NYSE:STOR traded up $0.22 during trading on Monday, hitting $27.60. The stock had a trading volume of 148,970 shares, compared to its average volume of 2,635,883. STORE Capital has a 12 month low of $25.83 and a 12 month high of $37.13. The company has a market capitalization of $7.74 billion, a PE ratio of 24.67 and a beta of 1.17. The firm’s fifty day moving average is $29.03 and its 200 day moving average is $31.44. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 0.52.

STORE Capital (NYSE:STORGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. STORE Capital had a return on equity of 5.65% and a net margin of 36.52%. The company had revenue of $222.12 million during the quarter, compared to analyst estimates of $212.11 million. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities research analysts expect that STORE Capital will post 2.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a $0.385 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 5.58%. STORE Capital’s dividend payout ratio (DPR) is currently 138.74%.

A number of institutional investors have recently made changes to their positions in STOR. Guggenheim Capital LLC raised its holdings in STORE Capital by 16.8% in the 4th 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 during the period. Cetera Investment Advisers bought a new position in STORE Capital in the 4th quarter worth $382,000. Millennium Management LLC raised its holdings in STORE Capital by 24.1% in the 4th quarter. Millennium Management LLC now owns 187,541 shares of the real estate investment trust’s stock worth $6,451,000 after purchasing an additional 36,411 shares during the period. Sei Investments Co. raised its holdings in STORE Capital by 1.4% in the 4th quarter. Sei Investments Co. now owns 101,715 shares of the real estate investment trust’s stock worth $3,501,000 after purchasing an additional 1,380 shares during the period. Finally, Metropolitan Life Insurance Co NY raised its holdings in STORE Capital by 7.1% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 60,069 shares of the real estate investment trust’s stock worth $2,066,000 after purchasing an additional 4,006 shares during the period. 86.02% of the stock is currently owned by institutional investors.

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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