STORE Capital (NYSE:STOR) PT Lowered to $27.00

STORE Capital (NYSE:STOR – Get Rating) had its price target cut by investment analysts at Jefferies Financial Group from $29.00 to $27.00 in a note issued to investors on Thursday, The Fly reports. Jefferies Financial Group’s target price would indicate a potential upside of 1.20% from the company’s current price.

Other analysts have also issued research reports about the company. Morgan Stanley lowered their target price on STORE Capital from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, March 7th. 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 research report on Monday, March 7th. Evercore ISI set a $32.00 price objective on shares of STORE Capital in a research note on Monday, June 20th. Truist Financial decreased their price objective on shares of STORE Capital from $32.00 to $31.00 in a report on Friday, June 3rd. Finally, StockNews.com started coverage on shares of STORE Capital in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.17.

STOR opened at $26.68 on Thursday. The company’s 50-day moving average is $27.13 and its 200 day moving average is $29.78. The firm has a market capitalization of $7.49 billion, a PE ratio of 24.04 and a beta of 1.17. STORE Capital has a fifty-two week low of $24.48 and a fifty-two week high of $37.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.40 and a quick ratio of 0.40.

STORE Capital (NYSE:STOR – Get Rating) last released its quarterly earnings results 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. STORE Capital had a net margin of 36.52% and a return on equity of 5.65%. The company had revenue of $222.12 million during the quarter, compared to the consensus estimate of $212.11 million. During the same period in the prior year, the firm earned $0.47 earnings per share. STORE Capital’s revenue was up 21.9% on a year-over-year basis. As a group, analysts expect that STORE Capital will post 2.18 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Sageworth Trust Co of South Dakota purchased a new position in shares of STORE Capital during the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in STORE Capital in the 1st quarter worth approximately $28,000. North Star Investment Management Corp. raised its position in shares of STORE Capital by 100.0% in the 4th quarter. North Star Investment Management Corp. now owns 1,000 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 500 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in STORE Capital during the 4th quarter valued at approximately $35,000. Finally, Baldwin Brothers LLC MA bought a new stake in shares of STORE Capital in the 1st quarter worth $35,000. 86.02% of the stock is currently owned by institutional investors and hedge funds.

STORE Capital Company Profile (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.

See Also