STORE Capital (NYSE:STOR – Get 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 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 shares of STORE Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, February 15. 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 has assigned the stock a sell rating, seven have issued a hold rating and one has 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 an assessment)
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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