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: Commercial REITs - NEC
- Sub-Industry: N/A
- Symbol: NYSE:STOR
- CUSIP: N/A
- Web: www.storecapital.com
Capitalization:- Market Cap: $3.98 billion
- Outstanding Shares: 171,019,000
Average Prices:- 50 Day Moving Avg: $21.74
- 200 Day Moving Avg: $23.14
- 52 Week Range: $19.65 - $31.44
P/E:- Trailing P/E Ratio: 28.10
- Foreward P/E Ratio: 25.87
- P/E Growth: 4.92
Sales & Book Value:- Annual Revenue: $399.08 million
- Price / Sales: 9.98
- Book Value: $16.00 per share
- Price / Book: 1.46
Dividend:- Annual Dividend: $1.16
- Dividend Yield: 5.0%
Profitability:- EBIDTA: $360.27 million
- Net Margins: 33.06%
- Return on Equity: 5.22%
- Return on Assets: 2.66%
Debt:- Debt-to-Equity Ratio: 0.72%
- Current Ratio: 0.73%
- Quick Ratio: 0.73%
Misc:- Average Volume: 2.35 million shs.
- Beta: 0.23
- Short Ratio: 5.07
Frequently Asked Questions for STORE Capital Corporation (NYSE:STOR)
What is STORE Capital Corporation's stock symbol?
STORE Capital Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "STOR."
How often does STORE Capital Corporation pay dividends? What is the dividend yield for STORE Capital Corporation?
STORE Capital Corporation announced a quarterly dividend on Tuesday, June 13th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.29 per share on Monday, July 17th. This represents a $1.16 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, June 28th. View STORE Capital Corporation's Dividend History.
How were STORE Capital Corporation's earnings last quarter?
STORE Capital Corporation (NYSE:STOR) released its quarterly earnings data on Thursday, May, 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.22. The company earned $108 million during 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 quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. View STORE Capital Corporation's Earnings History.
When will STORE Capital Corporation make its next earnings announcement?
What guidance has STORE Capital Corporation issued on next quarter's earnings?
STORE Capital Corporation issued an update on its FY17 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $1.74-1.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.69.
Where is STORE Capital Corporation's stock going? Where will STORE Capital Corporation's stock price be in 2017?
12 brokerages have issued 12-month price objectives for STORE Capital Corporation's stock. Their predictions range from $24.00 to $30.00. On average, they anticipate STORE Capital Corporation's stock price to reach $27.05 in the next year. View Analyst Ratings for STORE Capital Corporation.
What are analysts saying about STORE Capital Corporation stock?
Here are some recent quotes from research analysts about STORE Capital Corporation stock:
- 1. 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. " (7/1/2017)
- 2. Ladenburg Thalmann Financial Services analysts commented, "We are tweaking our normalized FFO estimates for LHO in 2017 and 2018 to reflect FFO adjustments from income tax benefits. The adjustments in earnings estimates do not cause changes in our underlying earnings or NAV valuation. We continue to view LHO as the most discounted stock based on an NAV basis among our hotel coverage. LHO shares have outperformed the SNL Hotel REIT index by nearly 5% since our initiation in April, but we continue to see more upside. We believe that the company could be aggressive in share buybacks based on its pristine balance sheet and discounted valuation. If management won’t provide earnings guidance to the market, share buybacks would be the strongest signal that management believes its shares are undervalued. We believe that LHO stock still has above average upside at current levels and reiterate our Outperform rating." (6/27/2017)
Who are some of STORE Capital Corporation's key competitors?
Some companies that are related to STORE Capital Corporation include Land Securities Group plc (LAND), Kilroy Realty Corporation (KRC), British Land Company PLC (BLND), Liberty Property Trust (LPT), Douglas Emmett (DEI), EPR Properties (EPR), Biomed Realty Trust (BMR), Dupont Fabros Technology (DFT), Hammerson plc (HMSO), SEGRO plc (SGRO), Cousins Properties Incorporated (CUZ), Intu Properties PLC (INTU), PS Business Parks (PSB), Empire State Realty Trust (ESRT), Derwent London Plc (DLN), Shaftesbury plc (SHB), Columbia Property Trust (CXP) and Washington Real Estate Investment Trust (WRE).
Who are STORE Capital Corporation's key executives?
STORE Capital Corporation's management team includes the folowing people:
- Morton H. Fleischer, Independent Chairman of the Board
- Christopher H. Volk, President, Chief Executive Officer, Director
- Catherine F. Long, Chief Financial Officer, Executive Vice President, Treasurer, Assistant Secretary
- Michael T. Bennett, Executive Vice President, Chief Compliance Officer, General Counsel, Secretary
- Michael J. Zieg, Executive Vice President—Portfolio Management, Assistant Secretary and Assistant Treasurer.
- Mary B. Fedewa, Executive Vice President - Acquisitions, Director
- Christopher K. Burbach, Executive Vice President - Underwriting
- Joseph M. Donovan, Independent Director
- William Franklin Hipp, Independent Director
- Einar A. Seadler, Independent Director
When did STORE Capital Corporation IPO?
(STOR) raised $495 million in an initial public offering 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 served 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 Corporation stock?
STORE Capital Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include APG Asset Management US Inc. (2.34%), Reinhart Partners Inc. (0.51%), Ranger Global Real Estate Advisors LLC (0.26%), Randolph Co Inc (0.16%), Manning & Napier Advisors LLC (0.13%) and KAMES CAPITAL plc (0.10%). Company insiders that own STORE Capital Corporation 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 Corporation.
Who sold STORE Capital Corporation stock? Who is selling STORE Capital Corporation stock?
Who bought STORE Capital Corporation stock? Who is buying STORE Capital Corporation stock?
STORE Capital Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., Randolph Co Inc, Ranger Global Real Estate Advisors LLC, Dubuque Bank & Trust Co., KAMES CAPITAL plc, Forsta AP Fonden, Edmp Inc. and US Bancorp DE. Company insiders that have bought STORE Capital Corporation 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 Corporation.
How do I buy STORE Capital Corporation stock?
Shares of STORE Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is STORE Capital Corporation's stock price today?
One share of STORE Capital Corporation stock can currently be purchased for approximately $23.28.
MarketBeat Community Rating for STORE Capital Corporation (NYSE STOR)MarketBeat's community ratings are surveys of what our community members think about STORE Capital Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for STORE Capital Corporation (NYSE:STOR) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 4 Hold Ratings, 7 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $27.05 (16.19% upside) |
Analysts' Ratings History for STORE Capital Corporation (NYSE:STOR)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/17/2017 | FBR & Co | Initiated Coverage | Mkt Perform -> Market Perform | $24.00 | Medium |  |
| 7/14/2017 | Stifel Nicolaus | Reiterated Rating | Buy | $25.50 | Medium | |
| 6/30/2017 | Capital One Financial Corporation | Reiterated Rating | Buy | $30.00 | Low | |
| 6/30/2017 | BTIG Research | Reiterated Rating | Buy | $28.00 | Low | |
| 6/27/2017 | Ladenburg Thalmann Financial Services | Reiterated Rating | Hold | | High | |
| 6/27/2017 | Mizuho | Downgrade | Buy -> Neutral | $23.00 -> $24.00 | High | |
| 5/15/2017 | Wunderlich | Lower Price Target | Buy | $27.50 -> $25.00 | Low | |
| 4/22/2017 | Goldman Sachs Group, Inc. (The) | Downgrade | Conviction-Buy -> Buy | $29.00 -> $28.00 | Medium | |
| 3/22/2017 | BMO Capital Markets | Reiterated Rating | Buy | $28.00 | Low | |
| 12/21/2016 | KeyCorp | Downgrade | Overweight | | N/A | |
| 12/12/2016 | Morgan Stanley | Downgrade | Overweight -> Equal Weight | | N/A | |
| 8/29/2016 | Credit Suisse Group | Reiterated Rating | Sell | $30.00 | N/A | |
| 4/12/2016 | Janney Montgomery Scott | Initiated Coverage | Buy | $28.00 | N/A | |
| 4/2/2016 | Cowen and Company | Reiterated Rating | Outperform | $25.00 -> $29.00 | N/A | |
| 3/14/2016 | SunTrust Banks, Inc. | Boost Price Target | | $26.00 -> $28.00 | N/A | |
| 12/17/2015 | Raymond James Financial, Inc. | Boost Price Target | | $23.00 -> $24.00 | N/A | |
(Data available from 7/25/2015 forward)
Earnings History for STORE Capital Corporation (NYSE:STOR)Earnings History by Quarter for STORE Capital Corporation (NYSE STOR)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/3/2017 | | $0.20 | | | | | N/A | |
| 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 | |
(Data available from 1/1/2011 forward)
Earnings Estimates for STORE Capital Corporation (NYSE:STOR)Current Year EPS Consensus Estimate: $0.81 EPS
Next Year EPS Consensus Estimate: $0.90 EPS
Current Dividend Information for STORE Capital Corporation (NYSE:STOR)| Most Recent Dividend: | 7/17/2017 |
| Annual Dividend: | $1.16 |
| Dividend Yield: | 4.98% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 138.10% (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 Corporation (NYSE STOR)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 6/13/2017 | Quarterly | $0.29 | 5.6% | 6/28/2017 | 6/30/2017 | 7/17/2017 |
| 3/15/2017 | quarterly | $0.29 | 4.99% | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 12/15/2016 | Quarterly | $0.29 | 4.81% | 12/28/2016 | 12/30/2016 | 1/17/2017 |
| 9/6/2016 | quarterly | $0.29 | 3.86% | 9/28/2016 | 9/30/2016 | 10/17/2016 |
| 6/16/2016 | quarterly | $0.27 | 3.98% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/15/2016 | quarterly | $0.27 | 4.3% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/16/2015 | quarterly | $0.27 | 4.71% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/15/2015 | quarterly | $0.27 | 5.28% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 6/15/2015 | quarterly | $0.25 | 4.8% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/17/2015 | quarterly | $0.25 | 4.58% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for STORE Capital Corporation (NYSE:STOR)Insider Ownership Percentage: 0.90%
Institutional Ownership Percentage: 95.60%
Insider Trades by Quarter for STORE Capital Corporation (NYSE:STOR)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for STORE Capital Corporation (NYSE:STOR)
Latest Headlines for STORE Capital Corporation (NYSE:STOR)
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STORE Capital Corporation (STOR) Chart for Tuesday, July, 25, 2017
