Graybill Bartz & Assoc Ltd. increased its position in Store Capital Corp (NYSE:STOR) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 98,650 shares of the real estate investment trust’s stock after purchasing an additional 3,835 shares during the period. Graybill Bartz & Assoc Ltd. owned about 0.05% of Store Capital worth $2,569,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of STOR. Berkshire Hathaway Inc. purchased a new stake in Store Capital in the 2nd quarter worth approximately $418,057,000. Cbre Clarion Securities LLC lifted its position in Store Capital by 272.6% in the 2nd quarter. Cbre Clarion Securities LLC now owns 4,890,472 shares of the real estate investment trust’s stock worth $109,791,000 after buying an additional 3,577,846 shares in the last quarter. BlackRock Inc. lifted its position in Store Capital by 11.4% in the 2nd quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock worth $254,025,000 after buying an additional 1,162,257 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Store Capital by 111.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,379,729 shares of the real estate investment trust’s stock worth $30,974,000 after buying an additional 726,377 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Store Capital by 95.3% in the 3rd quarter. American Century Companies Inc. now owns 1,440,772 shares of the real estate investment trust’s stock worth $35,832,000 after buying an additional 703,094 shares in the last quarter. 95.68% of the stock is owned by hedge funds and other institutional investors.
Store Capital Corp (STOR) traded up $0.13 during trading on Tuesday, hitting $24.60. 1,694,789 shares of the stock were exchanged, compared to its average volume of 1,462,200. The company has a market cap of $4,690.00, a P/E ratio of 36.72, a P/E/G ratio of 2.83 and a beta of 0.24. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.59. Store Capital Corp has a fifty-two week low of $19.65 and a fifty-two week high of $26.58.
Store Capital (NYSE:STOR) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.24). Store Capital had a net margin of 35.67% and a return on equity of 5.35%. equities research analysts anticipate that Store Capital Corp will post 1.6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.31 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.24 dividend on an annualized basis and a yield of 5.04%. Store Capital’s payout ratio is presently 185.07%.
STOR has been the topic of a number of recent research reports. KeyCorp restated a “hold” rating on shares of Store Capital in a report on Wednesday, October 4th. BidaskClub downgraded shares of Store Capital from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded shares of Store Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 14th. Stifel Nicolaus raised their price target on shares of Store Capital from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Robert W. Baird restated a “buy” rating on shares of Store Capital in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $27.00.
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Store Capital 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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