News articles about STORE Capital Corporation (NYSE:STOR) have trended very positive recently, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. STORE Capital Corporation earned a coverage optimism score of 0.56 on Alpha One’s scale. Alpha One also assigned media coverage about the real estate investment trust an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- No word on status of Amarillo’s Gymboree as company files for bankruptcy (amarillo.com)
- Stock Chatter: A Look into STORE Capital Corporation (NYSE:STOR) Shares (campdesrecrues.com)
- Form 8-K STORE CAPITAL Corp For: Jun 15 (streetinsider.com)
- STORE Capital Declares Second Quarter 2017 Dividend (finance.yahoo.com)
- Xiaomi plans to open its first Mi Home store in Greece (gizchina.com)
STORE Capital Corporation (NYSE:STOR) traded up 0.52% during trading on Friday, hitting $21.12. The stock had a trading volume of 2,145,679 shares. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $31.44. The firm’s 50-day moving average price is $20.91 and its 200-day moving average price is $23.50. The stock has a market cap of $3.61 billion, a PE ratio of 25.54 and a beta of 0.24.
STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.22. The company had revenue of $108 million for the quarter, compared to the consensus estimate of $105.51 million. STORE Capital Corporation had a return on equity of 5.22% and a net margin of 33.06%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, equities research analysts predict that STORE Capital Corporation will post $0.81 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Wednesday, June 28th. STORE Capital Corporation’s dividend payout ratio is presently 138.10%.
A number of analysts have commented on the company. Wunderlich decreased their target price on STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. ValuEngine downgraded STORE Capital Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Ladenburg Thalmann Financial Services set a $28.00 target price on STORE Capital Corporation and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Stifel Nicolaus decreased their target price on STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a research report on Monday, May 15th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $28.00 target price on shares of STORE Capital Corporation in a research report on Wednesday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.70.
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In related news, Director Joseph M. Donovan acquired 5,000 shares of STORE Capital Corporation stock in a transaction dated Tuesday, May 9th. The stock was acquired at an average cost of $20.81 per share, with a total value of $104,050.00. Following the purchase, the director now directly owns 35,694 shares in the company, valued at approximately $742,792.14. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Catherine F. Long acquired 4,905 shares of STORE Capital Corporation stock in a transaction dated Wednesday, May 10th. The shares were bought at an average cost of $20.39 per share, with a total value of $100,012.95. Following the completion of the purchase, the chief financial officer now owns 149,992 shares in the company, valued at $3,058,336.88. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 14,905 shares of company stock valued at $305,763. Corporate insiders own 0.90% of the company’s stock.
About STORE Capital Corporation
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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