STORE Capital (NYSE:STOR) Updates FY 2022 Earnings Guidance

STORE Capital (NYSE:STOR) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.150-$2.200 for the period. The company issued revenue guidance of -.STORE Capital also updated its FY 2021 guidance to $1.980-$2.000 EPS.

A number of equities analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of STORE Capital in a research report on Thursday, August 5th. They set a hold rating and a $33.00 price target on the stock. Raymond James lowered shares of STORE Capital from an outperform rating to a market perform rating in a research report on Wednesday, August 18th. Mizuho raised their price target on shares of STORE Capital from $36.00 to $37.00 and gave the stock a neutral rating in a research report on Tuesday, August 24th. Finally, Zacks Investment Research raised shares of STORE Capital from a hold rating to a buy rating and set a $38.00 price target on the stock in a research report on Thursday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $35.90.

STORE Capital stock traded up $0.53 during trading hours on Thursday, reaching $34.26. 1,402,906 shares of the stock were exchanged, compared to its average volume of 1,414,786. The company has a market cap of $9.34 billion, a P/E ratio of 36.84 and a beta of 1.21. The company has a current ratio of 0.44, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. STORE Capital has a twelve month low of $30.02 and a twelve month high of $37.13. The stock has a 50 day moving average of $33.96 and a two-hundred day moving average of $34.85.

STORE Capital (NYSE:STOR) last announced its quarterly earnings data on Thursday, November 4th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.21). STORE Capital had a return on equity of 4.71% and a net margin of 33.24%. The firm had revenue of $199.13 million for the quarter, compared to analyst estimates of $199.33 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts expect that STORE Capital will post 1.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Thursday, September 30th were paid a $0.385 dividend. This is an increase from STORE Capital’s previous quarterly dividend of $0.36. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Wednesday, September 29th. STORE Capital’s dividend payout ratio (DPR) is presently 165.59%.

In other news, Director Joseph M. Donovan sold 5,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $2,894,469.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.88% 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.

See Also: Capital Gains

Earnings History and Estimates for STORE Capital (NYSE:STOR)

Receive News & Ratings for STORE Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STORE Capital and related companies with MarketBeat.com's FREE daily email newsletter.