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. Its customers operate across a range of industries within the service, retail and manufacturing sectors of the United States economy, with restaurants, early childhood education centers, movie theaters, health clubs and furniture stores. The Company's portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states. The Company provides real estate financing solutions principally to businesses that own STORE properties and operate within the broad-based service, retail and industrial sectors of the United States economy.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: REIT - Diversified
- Sub-Industry: N/A
- Symbol: NYSE:STOR
- CUSIP: N/A
- Web: www.storecapital.com
- Market Cap: $3.55 billion
- Outstanding Shares: 171,019,000
- 50 Day Moving Avg: $22.81
- 200 Day Moving Avg: $23.98
- 52 Week Range: $19.65 - $31.44
Sales & Book Value:
- Trailing P/E Ratio: 25.10
- Foreward P/E Ratio: 23.06
- P/E Growth: 4.34
- Annual Revenue: $399.08 million
- Price / Sales: 8.89
- Book Value: $16.00 per share
- Price / Book: 1.30
- Annual Dividend: $1.16
- Dividend Yield: 5.6%
- EBIDTA: $360.27 million
- Net Margins: 33.05%
- Return on Equity: 5.22%
- Return on Assets: 2.68%
- Debt-to-Equity Ratio: 0.70%
- Current Ratio: 0.70%
- Quick Ratio: 0.70%
- Average Volume: 2.14 million shs.
- Beta: 0.23
- Short Ratio: 3.58
Frequently Asked Questions for Store Capital Corp (NYSE:STOR)
What is Store Capital Corp's stock symbol?
Store Capital Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "STOR."
How often does Store Capital Corp pay dividends? What is the dividend yield for Store Capital Corp?
Store Capital Corp declared a quarterly dividend on Wednesday, March 15th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.29 per share on Monday, April 17th. This represents a $1.16 annualized dividend and a dividend yield of 5.59%. The ex-dividend date is Wednesday, March 29th. View Store Capital Corp's Dividend History.
How were Store Capital Corp's earnings last quarter?
Store Capital Corp (NYSE:STOR) released its earnings results on Thursday, May, 4th. The company reported $0.19 EPS for the quarter, missing the Zacks' 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 Corp had a return on equity of 5.22% and a net margin of 33.05%. The company's revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. View Store Capital Corp's Earnings History.
When will Store Capital Corp make its next earnings announcement?
What guidance has Store Capital Corp issued on next quarter's earnings?
Store Capital Corp issued an update on its FY17 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $1.74-1.76 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.69.
Where is Store Capital Corp's stock going? Where will Store Capital Corp's stock price be in 2017?
10 equities research analysts have issued 1-year target prices for Store Capital Corp's shares. Their predictions range from $25.00 to $35.00. On average, they anticipate Store Capital Corp's share price to reach $29.44 in the next year. View Analyst Ratings for Store Capital Corp.
What are analysts saying about Store Capital Corp stock?
Here are some recent quotes from research analysts about Store Capital Corp stock:
- 1. Ladenburg Thalmann Financial Services analysts commented, "'Post STORE Capital's recently upsized 8.7M share follow-on offering and its announced ATM issuance of 2.1M shares in 1Q'17, we are raising our forward AFFO/sh estimates (see bullet #2) as the REIT disclosed $382M of acquisitions closed through March 17, 2017 (vs. our $250M estimate). As such, we see STOR's 2017 guidance moving higher with 1Q'17 or 2Q'17 results as management could wait for a definitive outcome on Gander Mountain (GM) before adjusting expectations. While we still project STOR's net debt + preferred / EBITDA ratio hovering around 6.0x post these raises, we do not see the need (based on our revised $1.2B net investment activity est. in 2017) for another follow-on until late 4Q'17 or early 1Q'18 as management has ample ATM capacity ($187M) to maintain leverage at ~6.0x. As such, we believe the equity overhang on STOR has been lifted, which should allow the market to re-focus its attention on the REIT's above-average AFFO/ sh growth, highly diversified tenant base, and minimal lease maturities (just 3.5% of rents) over the next five years. With STOR down 5.1% (as of yesterday's close) vs. the 0.9% total return of its retail single-tenant net lease (STNL) peers, we see the REIT handily outperforming in coming weeks/months as the relative valuation gap between STOR and its peers narrows closer to its historical average. We reiterate our BUY rating and continue to view its 4.9% current yield as attractive and highly sustainable." (3/28/2017)
- 2. According to Zacks Investment Research, "STORE Capital Corporation is an internally managed net-lease real estate investment trust. It is engaged in the acquisition, investment and management of Single Tenant Operational Real Estate (STORE properties). The Company provides net-lease solutions principally to middle-market and larger companies that own STORE Properties. It invests in single-tenant real estate such as chain restaurants, supermarkets, health clubs, and education, retail, service, and distribution facilities. STORE Capital Corporation is based in Scottsdale, Arizona. " (2/1/2017)
Are investors shorting Store Capital Corp?
Store Capital Corp saw a increase in short interest in May. As of May 15th, there was short interest totalling 7,766,013 shares, an increase of 63.2% from the April 28th total of 4,757,377 shares. Based on an average trading volume of 3,695,610 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.6% of the shares of the company are sold short.
Who are some of Store Capital Corp's key competitors?
Some companies that are related to Store Capital Corp include Lamar Advertising Company (LAMR), W.P. Carey Inc. REIT (WPC), Douglas Emmett (DEI), Starwood Property Trust (STWD), National Retail Properties (NNN), CyrusOne (CONE), Cousins Properties (CUZ), Corecivic (CXW), Spirit Realty Capital (SRC), Chimera Investment (CIM), PS Business Parks (PSB), Empire State Realty Trust (ESRT), MFA Financial (MFA), Brandywine Realty Trust (BDN), Blackstone Mortgage Trust (BXMT), Lexington Realty Trust (LXP), Invesco Mortgage Capital (IVR) and Apollo Commercial Real Est. Finance (ARI).
When did Store Capital Corp IPO?
(STOR) raised $495 million in an IPO on Tuesday, November 18th 2014. The company issued 27,500,000 shares at $17.00-$19.00 per share. Goldman Sachs, Credit Suisse and Morgan Stanley acted as the underwriters for the IPO and Citigroup, Deutsche Bank Securities, KeyBanc Capital Markets, Wells Fargo Securities, Baird, BMO Capital Markets, Comerica Securities, Raymond James, Stifel and SunTrust Robinson Humphrey were co-managers.
Who owns Store Capital Corp stock?
Store Capital Corp's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.45%), FMR LLC (14.75%), BlackRock Inc. (6.39%), Principal Financial Group Inc. (6.26%), Massachusetts Financial Services Co. MA (5.66%) and Bank of New York Mellon Corp (4.77%). Company insiders that own Store Capital Corp stock include Catherine F Long, Christopher H Volk, Christopher K Burbach, Einar Seadler, Joseph M Donovan, Mark N Sklar, Quentin P Jr Smith, Store Holding Company, Llc and William Franklin Hipp. View Institutional Ownership Trends for Store Capital Corp.
Who sold Store Capital Corp stock? Who is selling Store Capital Corp stock?
Store Capital Corp's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., American Century Companies Inc., Daiwa Securities Group Inc., Massachusetts Financial Services Co. MA, Morgan Stanley, Teachers Advisors LLC, Westpac Banking Corp and Bank of America Corp DE. View Insider Buying and Selling for Store Capital Corp.
Who bought Store Capital Corp stock? Who is buying Store Capital Corp stock?
Store Capital Corp's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Wellington Management Group LLP, CI Global Investments Inc., Vanguard Group Inc., Bank of New York Mellon Corp, FMR LLC, Principal Financial Group Inc. and State Street Corp. Company insiders that have bought Store Capital Corp stock in the last two years include Catherine F Long, Christopher H Volk, Christopher K Burbach, Einar Seadler, Joseph M Donovan, Mark N Sklar and William Franklin Hipp. View Insider Buying and Selling for Store Capital Corp.
How do I buy Store Capital Corp stock?
Shares of Store Capital Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Store Capital Corp stock cost?
One share of Store Capital Corp stock can currently be purchased for approximately $20.75.
Earnings History for Store Capital Corp (NYSE:STOR)Earnings History by Quarter for Store Capital Corp (NYSE:STOR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017|| || || || || || || || |
|5/4/2017||Q1 2017||$0.41||$0.19||$105.51 million||$108.00 million||View||Listen|
|2/23/2017||Q416||$0.19||$0.20||$95.22 million||$102.10 million||View||N/A|
|11/3/2016||Q316||$0.40||$0.39||$53.01 million||$97.00 million||View||N/A|
|8/4/2016||Q216||$0.38||$0.40||$86.58 million||$92.00 million||View||N/A|
|5/5/2016||Q116||$0.37||$0.40||$81.65 million||$85.20 million||View||N/A|
|2/23/2016||Q415||$0.36||$0.38||$74.73 million||$79.61 million||View||Listen|
|11/12/2015||Q315||$0.34||$0.36||$69.42 million||$74.80 million||View||Listen|
|8/13/2015||Q215||$0.33||$0.36||$64.10 million||$68.90 million||View||Listen|
|5/14/2015||Q1||$0.30||$0.32||$58.58 million||$61.50 million||View||Listen|
|2/26/2015||Q414||$0.28||$0.35||$53.24 million||$55.20 million||View||N/A|
Earnings Estimates for Store Capital Corp (NYSE:STOR)
Current Year EPS Consensus Estimate: $0.81 EPS
Next Year EPS Consensus Estimate: $0.90 EPS
Current Dividend Information for Store Capital Corp (NYSE:STOR)
|Most Recent Dividend:||4/17/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||143.21% (Trailing 12 Months of Earnings) |
143.21% (Based on This Year's Estimates)
128.89% (Based on Next Year's Estimates)
Dividend History by Quarter for Store Capital Corp (NYSE:STOR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Store Capital Corp (NYSE:STOR)
Insider Ownership Percentage: 1.05%Insider Trades by Quarter for Store Capital Corp (NYSE:STOR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/10/2017||Catherine F Long||CFO||Buy||4,905||$20.39||$100,012.95|| |
|5/10/2017||Mark N Sklar||Director||Buy||5,000||$20.34||$101,700.00|| |
|5/9/2017||Joseph M Donovan||Director||Buy||5,000||$20.81||$104,050.00|| |
|3/15/2017||William Franklin Hipp||Director||Buy||4,000||$22.99||$91,960.00|| |
|3/13/2017||Catherine F Long||CFO||Buy||5,550||$22.52||$124,986.00|| |
|3/13/2017||Einar Seadler||Director||Buy||4,440||$22.46||$99,722.40|| |
|3/10/2017||Christopher H Volk||Insider||Buy||11,100||$22.75||$252,525.00|| |
|3/10/2017||Christopher K Burbach||EVP||Buy||5,500||$22.65||$124,575.00|| |
|3/9/2017||Quentin P Jr. Smith||Director||Sell||1,400||$23.06||$32,284.00|| |
|12/1/2016||Joseph M Donovan||Director||Buy||4,350||$24.15||$105,052.50|| |
|4/1/2016||Store Holding Company, Llc||Director||Sell||33,336,144||$25.07||$835,737,130.08|| |
|3/14/2016||Store Holding Company, Llc||Director||Sell||3,000,000||$24.13||$72,390,000.00|| |
|3/1/2016||Store Holding Company, Llc||Director||Sell||20,000,000||$24.13||$482,600,000.00|| |
|2/1/2016||Store Holding Company, Llc||Director||Sell||14,000,000||$22.79||$319,060,000.00|| |
|12/7/2015||Store Holding Company, Llc||Director||Sell||2,100,000||$21.23||$44,583,000.00|| |
|8/25/2015||Joseph M Donovan||Director||Buy||10,000||$20.35||$203,500.00|| |
|6/9/2015||Store Holding Company, Llc||Director||Sell||9,712,500||$19.44||$188,811,000.00|| |
|11/21/2014||Joseph M Donovan||Director||Buy||5,405||$18.50||$99,992.50|| |
Headline Trends for Store Capital Corp (NYSE:STOR)
Latest Headlines for Store Capital Corp (NYSE:STOR)
Store Capital Corp (STOR) Chart for Thursday, May, 25, 2017