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STORE Capital Corporation’s Stock Price Soared Recently, But There Might Be Trouble Ahead

STORE Capital Corporation (NYSE:STOR) traded at $31.76 at close of the session on Tuesday, 09/20/22, made a downward move of -0.59% on its previous day’s price.

Looking at the stock we see that its previous close was $31.95 and the beta (5Y monthly) reads 1.16 with the day’s price range being $31.76 – $31.99. The company has a trailing 12-month PE ratio of 26.64. In terms of its 52-week price range, STOR has a high of $36.13 and a low of $24.48. The company’s stock has gained about 12.54% over that past 30 days.

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STORE Capital Corporation has a market cap of $9.04 billion and is expected to release its quarterly earnings report on Feb 23, 2022 – Feb 28, 2022. With its Forward Dividend at 1.54 and a yield of 4.85%, the company’s investors could be anxious for the STOR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.27, with the EPS growth for the year raised at $1.13 for 2022 and $1.13 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $203.96 million, with a low of $199.96 million and a high of $210.1 million. The median projection represents growth squeezing down to 13.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $819.6 million, or 12.40% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the STOR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.

Looking further, we note that the PEG ratio for the STOR stock currently stands at 4.38, and the current price level is 13.33% off its SMA20 and 13.44% from its 50-day simple moving average. The RSI (14) is pointing at 70.30 while the volatility over the past week is 1.05% and jumps to 1.61% over the past one month. The beta value is 1.14, while the average true range (ATR) is currently pointing at 0.76.

Let’s briefly compare STORE Capital Corporation (STOR) stock to its peers. We find that current price change of -0.59% and -7.27% over the past 12 months for STOR competes that of Realty Income Corporation (O), which has seen its stock price fall -1.38% in the last trading session and was -3.64% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -1.13% and -1.01%, respectively, at close of the trading.

Coming back to STORE Capital Corporation (NYSE:STOR), we note that the average 3-month trading volume was 3.45 million, while that of the preceding 10-day period stands at 11.54 million. Current shares outstanding are 280.84 million.

The insiders hold 0.30% of the company’s shares while institutions hold 83.90%. The data shows that short shares as of Jul 14, 2022, stood at 7.79 million at a short ratio of 2.95. This represents a 2.78% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 6.97 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -7.67% down in year-to-date price movement.

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