STORE Capital Corporation (NYSE:STOR) finished Thursday with an addition of $0.02 to close at $31.72, an upside of 0.06 percent. An average of 13,629,420 shares of common stock have been traded in the last five days. There was a fall of -$0.40 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 7,526,365 shares traded, while the 50-day average volume stands at 4,319,838.
STOR stock has increased by 14.97% in the last month. The company shares reached their 1-month lowest point of $26.46 on 09/06/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $24.48 and a high of $36.13 in 52 weeks. It has reached a new high 2 times so far this year and lost -7.79% or -$2.68 in price. In spite of this, the price is down -12.21% from the 52-week high.
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STORE Capital Corporation (STOR) has a trailing price-to-earnings (P/E) ratio of 26.61. The stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.57, the price-to-book (PB) ratio at 1.66.
The company has a payout ratio of 129.20%. The company’s most recent quarterly dividend payment was $0.41 a share, representing a up of 6.49% from $0.3850 last year. Its latest increase dividend $0.0250 reported on Monday September 19 2022.
Further, the company has a long term debt to equity ratio of 0.87 and a total debt to equity ratio of 0.87 for the quarter ending June 29. Its gross profit as reported stood at $389.53 million compared to revenue of $782.66 million.
For the three-month period that ended June 29, STORE Capital Corporation had $2.43 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $90.51 million in the quarter, while revenues were grew 31.02%. The analyst consensus anticipated STORE Capital Corporation’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.32, a 18.50% surprise. For the quarter, EBITDA amounted to $206.65 million. At the end of the quarter ending June 29, STORE Capital Corporation’s stock balance sheet showed total debt was $4.72 billion. Shareholders own equity worth $282.69 million.
From a technical analysis perspective, let’s take a brief look at STORE Capital Corporation (STOR) price momentum. RSI 9-day as of the close on 22 September was 72.88%, suggesting the stock is Overbought, with historical volatility in this time frame at 96.27%.
As of today, STOR’s price is $31.81 -1.25% or -$0.40 from its 5-day moving average. STOR is currently trading +14.93% higher than its 20-day SMA and +11.57% higher than its 100-day SMA. However, the stock’s current price level is +20.47% above the SMA50 and -6.43% below the SMA200.
The stochastic %K and %D were 89.27% and 90.51%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 89.15% and the average true range at 0.70, the RSI (14) stands at 69.84%. The stock has reached 1.35 on the 9-day MACD Oscillator while the 14-day reading was at 2.49.
Morgan Stanley downgraded STORE Capital Corporation (NYSE: STOR) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for STORE Capital Corporation (STOR) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell STOR, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 0 others rate it as a “buy”.
What is STOR’s price target for the next 12 months?
Analysts predict a range of price targets between $25.00 and $33.00, with a median target of $32.25. Taking a look at these predictions, the average price target given by analysts for STORE Capital Corporation (STOR) stock is $30.83.