Brokerages forecast that STORE Capital Co. (NYSE:STOR) will report $183.39 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for STORE Capital’s earnings, with the highest sales estimate coming in at $198.00 million and the lowest estimate coming in at $168.43 million. STORE Capital reported sales of $175.22 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The business is expected to issue its next quarterly earnings report on Thursday, November 4th.
According to Zacks, analysts expect that STORE Capital will report full-year sales of $711.80 million for the current year, with estimates ranging from $674.61 million to $763.54 million. For the next financial year, analysts anticipate that the firm will post sales of $760.44 million, with estimates ranging from $678.08 million to $863.58 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for STORE Capital.
STORE Capital (NYSE:STOR) last issued its quarterly earnings data on Thursday, August 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.23). STORE Capital had a return on equity of 4.60% and a net margin of 31.39%.
Shares of STORE Capital stock traded down $0.34 on Tuesday, reaching $34.55. The stock had a trading volume of 838,511 shares, compared to its average volume of 1,456,357. The company has a 50 day moving average price of $35.81 and a 200 day moving average price of $34.90. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. STORE Capital has a 1 year low of $25.23 and a 1 year high of $37.13. The stock has a market capitalization of $9.35 billion, a P/E ratio of 40.17 and a beta of 1.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be issued a $0.385 dividend. This is an increase from STORE Capital’s previous quarterly dividend of $0.36. This represents a $1.54 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Wednesday, September 29th. STORE Capital’s dividend payout ratio is 78.69%.
In other news, Director Joseph M. Donovan sold 5,000 shares of the company’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $35.92, for a total value of $179,600.00. Following the sale, the director now directly owns 80,581 shares of the company’s stock, valued at approximately $2,894,469.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Selective Wealth Management Inc. acquired a new position in shares of STORE Capital in the 2nd quarter valued at $26,000. FFT Wealth Management LLC acquired a new position in shares of STORE Capital in the 2nd quarter valued at $26,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of STORE Capital in the 2nd quarter valued at $29,000. Burleson & Company LLC acquired a new position in shares of STORE Capital in the 1st quarter valued at $37,000. Finally, Samalin Investment Counsel LLC acquired a new position in shares of STORE Capital in the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 85.56% of the company’s stock.
About STORE Capital
STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. The company was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.
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