BidaskClub lowered shares of STORE Capital Corporation (NYSE:STOR) from a hold rating to a sell rating in a research note issued to investors on Sunday.

A number of other research firms also recently weighed in on STOR. Stifel Nicolaus reaffirmed a buy rating and set a $25.50 price target on shares of STORE Capital Corporation in a research note on Friday, July 14th. FBR & Co assumed coverage on STORE Capital Corporation in a research note on Monday, July 17th. They set a market perform rating and a $24.00 price target for the company. Ladenburg Thalmann Financial Services reaffirmed a hold rating on shares of STORE Capital Corporation in a research note on Thursday, August 3rd. TheStreet raised STORE Capital Corporation from a c rating to a b- rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised STORE Capital Corporation from a strong sell rating to a hold rating in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $27.09.

Shares of STORE Capital Corporation (NYSE STOR) traded up 0.04% on Friday, reaching $24.55. 1,513,908 shares of the company traded hands. The firm has a 50-day moving average of $25.33 and a 200-day moving average of $23.45. STORE Capital Corporation has a 52-week low of $19.65 and a 52-week high of $27.29. The company has a market capitalization of $4.66 billion, a PE ratio of 24.75 and a beta of 0.23.

STORE Capital Corporation (NYSE:STOR) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.07). STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The business had revenue of $114.21 million for the quarter, compared to analyst estimates of $112.27 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. The company’s revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts forecast that STORE Capital Corporation will post $0.87 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from STORE Capital Corporation’s previous quarterly dividend of $0.29. STORE Capital Corporation’s dividend payout ratio (DPR) is presently 126.53%.

In other news, Director William Franklin Hipp acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $25.18 per share, with a total value of $100,720.00. Following the acquisition, the director now owns 18,499 shares of the company’s stock, valued at $465,804.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in STOR. Penserra Capital Management LLC grew its holdings in shares of STORE Capital Corporation by 19.9% during the 2nd quarter. Penserra Capital Management LLC now owns 4,530 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 752 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of STORE Capital Corporation by 12.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 580 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of STORE Capital Corporation by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 409 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of STORE Capital Corporation by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 619 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its holdings in shares of STORE Capital Corporation by 14.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 6,164 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 759 shares in the last quarter.

STORE Capital Corporation Company Profile

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.

Analyst Recommendations for STORE Capital Corporation (NYSE:STOR)

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