CI Investments Inc. acquired a new position in shares of STORE Capital Corporation (NYSE:STOR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 638,005 shares of the real estate investment trust’s stock, valued at approximately $15,867,000. CI Investments Inc. owned 0.34% of STORE Capital Corporation as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in STORE Capital Corporation by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 619 shares during the period. State Street Corp boosted its holdings in STORE Capital Corporation by 38.3% during the 1st quarter. State Street Corp now owns 2,922,786 shares of the real estate investment trust’s stock worth $69,798,000 after acquiring an additional 809,051 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in STORE Capital Corporation by 5.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 71,003 shares of the real estate investment trust’s stock worth $1,696,000 after acquiring an additional 3,529 shares during the last quarter. Reinhart Partners Inc. purchased a new position in STORE Capital Corporation during the 2nd quarter worth $19,713,000. Finally, Ranger Global Real Estate Advisors LLC boosted its holdings in STORE Capital Corporation by 100.3% during the 2nd quarter. Ranger Global Real Estate Advisors LLC now owns 439,300 shares of the real estate investment trust’s stock worth $9,862,000 after acquiring an additional 220,000 shares during the last quarter. 97.33% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of STORE Capital Corporation in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of STORE Capital Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. BidaskClub upgraded STORE Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a research note on Monday, November 6th. Finally, Robert W. Baird reiterated a “buy” rating on shares of STORE Capital Corporation in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $27.09.
Shares of STORE Capital Corporation (STOR) traded up $0.22 during trading on Tuesday, reaching $26.17. The company had a trading volume of 1,226,400 shares, compared to its average volume of 1,818,621. STORE Capital Corporation has a fifty-two week low of $19.65 and a fifty-two week high of $26.35. The company has a market cap of $4,930.91, a PE ratio of 15.27, a P/E/G ratio of 3.21 and a beta of 0.22. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.59.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.31 dividend. This is a boost from STORE Capital Corporation’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Thursday, September 28th. STORE Capital Corporation’s payout ratio is currently 139.33%.
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In other news, Director William Franklin Hipp acquired 4,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $25.18 per share, for a total transaction of $100,720.00. Following the purchase, the director now owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.90% of the company’s stock.
STORE Capital Corporation Profile
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.
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