In yesterday’s Wall Street session, STORE Capital Corporation (NYSE:STOR) shares traded at $31.97, down -0.09% from the previous session.
STOR stock price is now 1.08% away from the 50-day moving average and 9.82% away from the 200-day moving average. The market capitalization of the company currently stands at $9.03B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
With the price target maintained at $25, Morgan Stanley recently Downgraded its rating from Equal-Weight to Underweight for STORE Capital Corporation (NYSE: STOR). On March 07, 2022, BMO Capital Markets Downgraded its previous ‘Market Perform’ rating to ‘Underperform’ on the stock reducing its target price from $37 to quote $29, while ‘Jefferies’ rates the stock as ‘Hold’.
Insiders disposed of 64,902 shares of company stock worth roughly $2.07 million over the past 1 year. A total of 0.94% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STOR stock. A new stake in STORE Capital Corporation shares was purchased by PENTWATER CAPITAL MANAGEMENT LP during the first quarter worth $131,077,000. WESTCHESTER CAPITAL MANAGEMENT, LLC invested $99,427,000 in shares of STOR during the first quarter. In the first quarter, GLAZER CAPITAL, LLC acquired a new stake in STORE Capital Corporation valued at approximately $54,912,000. NEXPOINT ASSET MANAGEMENT, L.P. acquired a new stake in STOR for approximately $53,863,000. WATER ISLAND CAPITAL LLC purchased a new stake in STOR valued at around $41,915,000 in the second quarter. In total, there are 605 active investors with 84.40% ownership of the company’s stock.
Thursday morning saw STORE Capital Corporation (NYSE: STOR) opened at $32.00. During the past 12 months, STORE Capital Corporation has had a low of $24.48 and a high of $34.99. The fifty day moving average price for STOR is $31.63 and a two-hundred day moving average price translates $29.11 for the stock.
The latest earnings results from STORE Capital Corporation (NYSE: STOR) was released for Jun, 2022. According to the REIT – Diversified Company, earnings per share came in at $0.32, beating analysts’ expectations of $0.27 by 0.05. This compares to $0.28 EPS in the same period last year. The net profit margin was 36.20% and return on equity was 6.10% for STOR. The company reported revenue of $230.56 million for the quarter, compared to $199.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.78 percent. For the current quarter, analysts expect STOR to generate $212.74M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/17/2022. Investors who held shares on 09/30/2022 were paid a $0.41 dividend. On an annualized basis, this represents a $1.64 dividend and a 5.13% percent yield. There was an ex-dividend date of 09/29/2022 for this dividend. In terms of dividend payout ratio, STOR is presently at 135.40%.
STORE Capital Corporation(STOR) 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 more than 2,500 property locations across the United States, substantially all of which are profit centers.
