CENTRAL TRUST Co purchased a new stake in shares of Store Capital Corp (NYSE:STOR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,699 shares of the real estate investment trust’s stock, valued at approximately $473,000.
Several other large investors also recently modified their holdings of STOR. Princeton Global Asset Management LLC bought a new stake in Store Capital in the 2nd quarter worth about $27,000. AdvisorNet Financial Inc increased its holdings in Store Capital by 157.4% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,004 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 614 shares in the last quarter. Quest Capital Management Inc. ADV bought a new stake in Store Capital in the 3rd quarter worth about $41,000. NewSquare Capital LLC increased its holdings in Store Capital by 230.8% in the 2nd quarter. NewSquare Capital LLC now owns 1,257 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 877 shares in the last quarter. Finally, Huntington National Bank increased its holdings in Store Capital by 262.8% in the 4th quarter. Huntington National Bank now owns 1,161 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 841 shares in the last quarter. Hedge funds and other institutional investors own 89.26% of the company’s stock.
Several research firms recently commented on STOR. BTIG Research downgraded Store Capital from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. SunTrust Banks downgraded Store Capital from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $41.00 to $39.00 in a report on Wednesday, January 15th. Finally, Zacks Investment Research downgraded Store Capital from a “hold” rating to a “strong sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.38.
NYSE STOR opened at $38.73 on Friday. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 3.82 and a beta of 0.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a 50-day moving average of $37.54 and a 200 day moving average of $37.36. Store Capital Corp has a one year low of $29.95 and a one year high of $40.96.
Store Capital (NYSE:STOR) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $171.80 million for the quarter, compared to analysts’ expectations of $167.38 million. Store Capital had a return on equity of 6.92% and a net margin of 44.09%. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. On average, equities analysts predict that Store Capital Corp will post 1.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.40 annualized dividend and a yield of 3.61%. Store Capital’s payout ratio is 76.09%.
In other news, Director Joseph M. Donovan bought 10,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $37.30 per share, with a total value of $373,000.00. Company insiders own 0.84% of the company’s stock.
About Store Capital
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,255 property locations, substantially all of which are profit centers, in 49 states.
Read More: Dividend Reinvestment Plan (DRIP)
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