BTIG Research Increases Store Capital (STOR) Price Target to $37.00

Store Capital (NYSE:STOR) had its price target upped by analysts at BTIG Research to $37.00 in a research note issued on Monday, The Fly reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. BTIG Research’s price target would indicate a potential upside of 15.41% from the stock’s current price.

STOR has been the topic of a number of other research reports. Zacks Investment Research raised Store Capital from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, January 15th. Mizuho set a $34.00 target price on Store Capital and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Raymond James set a $34.00 target price on Store Capital and gave the stock a “buy” rating in a report on Thursday, February 28th. Finally, BMO Capital Markets set a $32.00 target price on Store Capital and gave the stock a “buy” rating in a report on Monday, January 14th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $32.86.

NYSE:STOR opened at $32.06 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.37 and a current ratio of 0.37. Store Capital has a 52 week low of $24.04 and a 52 week high of $34.10. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 3.56 and a beta of 0.31.

Store Capital (NYSE:STOR) last released its earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.18). Store Capital had a return on equity of 6.25% and a net margin of 40.12%. The firm had revenue of $146.70 million for the quarter, compared to the consensus estimate of $143.83 million. During the same period in the prior year, the business earned $0.43 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, research analysts forecast that Store Capital will post 1.88 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new stake in shares of Store Capital in the 4th quarter worth approximately $26,000. Pearl River Capital LLC bought a new stake in shares of Store Capital in the 4th quarter worth approximately $59,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Store Capital by 40.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,530 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,017 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of Store Capital in the 4th quarter worth approximately $113,000. Finally, Ffcm LLC lifted its holdings in shares of Store Capital by 255.7% in the 4th quarter. Ffcm LLC now owns 5,947 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 4,275 shares during the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Store Capital Company Profile

STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,255 property locations, substantially all of which are profit centers, in 49 states.

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