STORE Capital (NYSE:STOR) Updates FY 2022 Earnings Guidance

STORE Capital (NYSE:STOR) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.150-$2.200 for the period. The company issued revenue guidance of -.STORE Capital also updated its FY 2021 guidance to $1.980-$2.000 EPS.

STOR traded up $0.53 during mid-day trading on Thursday, reaching $34.26. 1,402,906 shares of the stock were exchanged, compared to its average volume of 1,414,786. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.44. The stock has a market capitalization of $9.34 billion, a PE ratio of 36.84 and a beta of 1.21. The company has a 50 day moving average price of $33.96 and a two-hundred day moving average price of $34.85. STORE Capital has a 1 year low of $30.02 and a 1 year high of $37.13.

STORE Capital (NYSE:STOR) last posted its quarterly earnings data on Thursday, November 4th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.21). The firm had revenue of $199.13 million for the quarter, compared to analysts’ expectations of $199.33 million. STORE Capital had a return on equity of 4.71% and a net margin of 33.24%. STORE Capital’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Sell-side analysts expect that STORE Capital will post 1.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 15th. Investors of record on Thursday, September 30th were issued a $0.385 dividend. This is an increase from STORE Capital’s previous quarterly dividend of $0.36. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Wednesday, September 29th. STORE Capital’s payout ratio is 165.59%.

A number of brokerages recently weighed in on STOR. BMO Capital Markets began coverage on shares of STORE Capital in a report on Thursday, August 5th. They issued a hold rating and a $33.00 price target on the stock. Zacks Investment Research raised shares of STORE Capital from a hold rating to a buy rating and set a $38.00 price target on the stock in a report on Thursday. Mizuho boosted their price target on shares of STORE Capital from $36.00 to $37.00 and gave the stock a neutral rating in a report on Tuesday, August 24th. Finally, Raymond James downgraded shares of STORE Capital from an outperform rating to a market perform rating in a report on Wednesday, August 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, STORE Capital presently has a consensus rating of Hold and a consensus target price of $35.90.

In other news, Director Joseph M. Donovan sold 5,000 shares of the company’s stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $35.92, for a total transaction of $179,600.00. Following the sale, the director now directly owns 80,581 shares in the company, valued at $2,894,469.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.88% of the company’s stock.

About STORE Capital

STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. The company was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.

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Earnings History and Estimates for STORE Capital (NYSE:STOR)

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