STORE Capital Corporation [NYSE: STOR] slipped around 0.0 points on Tuesday, while shares priced at $32.21 at the close of the session, down 0.00%. The company report on January 30, 2023 that Agree Realty Set to Join S&P MidCap 400; Comstock Resources to Join S&P SmallCap 600.
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S&P SmallCap 600 constituent Agree Realty Corp. (NYSE:ADC) will replace STORE Capital Corp. (NYSE:STOR) in the S&P MidCap 400, and Comstock Resources Inc. (NYSE:CRK) will replace Agree Realty in the S&P SmallCap 600 effective prior to the opening of trading on Monday, February 6. STORE Capital is being acquired in a transaction expected to be completed soon pending final conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:.
STORE Capital Corporation stock is now 0.47% up from its year-to-date (YTD) trading value. STOR Stock saw the intraday high of $32.22 and lowest of $32.20 per share. The company’s 52-week high price is 32.36, which means current price is +0.47% above from all time high which was touched on 01/31/23.
Compared to the average trading volume of 2.85M shares, STOR reached a trading volume of 4696617 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about STORE Capital Corporation [STOR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STOR shares is $31.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STOR stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for STORE Capital Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on July 12, 2022. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $37 to $29. The new note on the price target was released on March 07, 2022, representing the official price target for STORE Capital Corporation stock. Previously, the target price had yet another drop from $39 to $37, while Jefferies kept a Hold rating on STOR stock.
The Average True Range (ATR) for STORE Capital Corporation is set at 0.05, with the Price to Sales ratio for STOR stock in the period of the last 12 months amounting to 10.26. The Price to Book ratio for the last quarter was 1.70, with the Price to Cash per share for the same quarter was set at 0.17.
How has STOR stock performed recently?
STORE Capital Corporation [STOR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.19. With this latest performance, STOR shares gained by 0.41% in over the last four-week period, additionally plugging by 10.95% over the last 6 months – not to mention a rise of 3.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STOR stock in for the last two-week period is set at 69.46, with the RSI for the last a single of trading hit 73.32, and the three-weeks RSI is set at 66.35 for STORE Capital Corporation [STOR]. The present Moving Average for the last 50 days of trading for this stock 32.01, while it was recorded at 32.19 for the last single week of trading, and 29.55 for the last 200 days.
STORE Capital Corporation [STOR]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and STORE Capital Corporation [STOR] shares currently have an operating margin of +52.45 and a Gross Margin at +63.33. STORE Capital Corporation’s Net Margin is presently recorded at +34.62.
Return on Equity for this stock inclined to 5.27, with Return on Assets sitting at 2.85.
Earnings analysis for STORE Capital Corporation [STOR]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STOR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for STORE Capital Corporation go to 6.09%.
Insider trade positions for STORE Capital Corporation [STOR]
There are presently around $7,462 million, or 84.30% of STOR stock, in the hands of institutional investors. The top three institutional holders of STOR stocks are: VANGUARD GROUP INC with ownership of 37,159,941, which is approximately -2.682% of the company’s market cap and around 0.94% of the total institutional ownership; BLACKROCK INC., holding 28,377,042 shares of the stock with an approximate value of $914.02 million in STOR stocks shares; and STATE STREET CORP, currently with $445.97 million in STOR stock with ownership of nearly 2.418% of the company’s market capitalization.
Positions in STORE Capital Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 252 institutional holders increased their position in STORE Capital Corporation [NYSE:STOR] by around 45,792,779 shares. Additionally, 224 investors decreased positions by around 37,893,491 shares, while 59 investors held positions by with 147,978,035 shares. The mentioned changes placed institutional holdings at 231,664,305 shares, according to the latest SEC report filing. STOR stock had 105 new institutional investments in for a total of 25,873,788 shares, while 75 institutional investors sold positions of 18,248,455 shares during the same period.