STORE Capital (NYSE:STOR) given $32.00 price target by Evercore ISI analysts
STORE CAPITAL (NYSE: STOR – Get a rating) was assigned a price target of $32.00 by equity research analysts Evercore ISI in a research report released on Monday, Target Stock Advisor reports. Evercore ISI’s target price suggests a potential upside of 25.39% from the company’s current price.
Other analysts have also published research reports on the company. Morgan Stanley cut its price target on STORE Capital from $36.00 to $35.00 and set an “equal weight” rating on the stock in a Monday, March 7 report. BMO Capital Markets downgraded STORE Capital from a ‘market performance’ rating to an ‘underperform’ rating and lowered its price target for the stock from $37.00 to $29.00 in a report Monday, March 7. StockNews.com assumed coverage on STORE Capital in a Thursday, March 31 report. They have placed a “holding” rating on the stock. Finally, Truist Financial cut its price target on STORE Capital from $32.00 to $31.00 in a Friday, June 3 report. One financial analyst has assigned the stock a sell rating, five have assigned a hold rating and one has assigned the company’s stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.83.
NYSE STOR traded at $0.42 during Monday’s trading, reaching $25.52. 184,825 shares of the company were traded, with an average volume of 2,735,284. STORE Capital has a fifty-two week low of $24.48 and a fifty-two week high of $37.13. The company’s fifty-day simple moving average is $27.68 and its 200-day simple moving average is $30.14. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt ratio of 0.52. The company has a market capitalization of $7.16 billion, a PE ratio of 22.99 and a beta of 1.17.
STORE CAPITAL (NYSE: STOR – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The real estate investment trust reported earnings per share of $0.32 for the quarter, beating consensus analyst estimates of $0.26 by $0.06. The company posted revenue of $222.12 million for the quarter, versus a consensus estimate of $212.11 million. STORE Capital achieved a return on equity of 5.65% and a net margin of 36.52%. The company’s revenues increased by 21.9% compared to the same quarter last year. During the same period last year, the company achieved EPS of $0.47. Equity analysts expect STORE Capital to post an EPS of 2.18 for the current fiscal year.
A number of institutional investors and hedge funds have recently changed their holdings in STOR. Amundi Pioneer Asset Management Inc. increased its position in STORE Capital shares by 1.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 135,188 shares of the real estate investment trust worth $4,529,000 after acquiring 2,307 additional shares in the last quarter. Renaissance Technologies LLC acquired a new stake in STORE Capital in the third quarter, valued at approximately $1,272,000. HighTower Advisors LLC increased its stake in STORE Capital shares by 25.2% during the third quarter. HighTower Advisors LLC now owns 22,791 shares of the real estate investment trust worth $728,000 after purchasing an additional 4,581 shares during the period. Royal Bank of Canada increased its position in STORE Capital by 6.0% during the third quarter. Royal Bank of Canada now owns 189,588 shares of the real estate investment trust worth $6,072,000 after buying an additional 10,658 shares last quarter. Finally, Man Group plc acquired a new stake in STORE Capital during the third quarter worth approximately $298,000. Hedge funds and other institutional investors own 86.02% of the company’s shares.
STORE Capital Company Profile (Get a rating)
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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