Store Capital’s (STOR) “Buy” Rating Reaffirmed at SunTrust Banks
SunTrust Banks reiterated their buy rating on shares of Store Capital (NYSE:STOR) in a research note issued to investors on Monday. SunTrust Banks currently has a $26.00 price objective on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Store Capital’s FY2017 earnings at $1.60 EPS and FY2018 earnings at $1.73 EPS.
A number of other research analysts also recently weighed in on STOR. B. Riley reaffirmed a neutral rating on shares of Store Capital in a research report on Friday, November 3rd. ValuEngine raised shares of Store Capital from a hold rating to a buy rating in a research report on Tuesday, January 16th. BidaskClub downgraded shares of Store Capital from a buy rating to a hold rating in a research report on Monday, October 23rd. Ladenburg Thalmann Financial Services reissued a hold rating on shares of Store Capital in a research report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Store Capital from a sell rating to a hold rating in a research report on Saturday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $27.08.
Store Capital (STOR) opened at $24.90 on Monday. The firm has a market cap of $4,730.00, a price-to-earnings ratio of 37.16, a P/E/G ratio of 2.87 and a beta of 0.24. Store Capital has a 12-month low of $19.65 and a 12-month high of $26.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.57 and a quick ratio of 0.57.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.98%. The ex-dividend date was Thursday, December 28th. Store Capital’s payout ratio is 185.07%.
Several hedge funds have recently made changes to their positions in the stock. Yellowstone Partners LLC bought a new stake in shares of Store Capital during the 4th quarter worth about $251,000. Strs Ohio boosted its holdings in shares of Store Capital by 3.4% during the 4th quarter. Strs Ohio now owns 222,019 shares of the real estate investment trust’s stock worth $5,781,000 after buying an additional 7,400 shares during the period. Laurel Grove Capital LLC bought a new stake in shares of Store Capital during the 4th quarter worth about $385,000. State of Alaska Department of Revenue boosted its holdings in shares of Store Capital by 104.2% during the 4th quarter. State of Alaska Department of Revenue now owns 103,670 shares of the real estate investment trust’s stock worth $2,698,000 after buying an additional 52,890 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Store Capital by 9.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 856,884 shares of the real estate investment trust’s stock worth $22,314,000 after buying an additional 73,353 shares during the period. 95.64% of the stock is owned by institutional investors and hedge funds.
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About Store Capital
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.
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