Nisa Investment Advisors LLC lifted its position in Store Capital Corp (NYSE:STOR) by 15.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 70,943 shares of the real estate investment trust’s stock after purchasing an additional 9,265 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Store Capital were worth $2,642,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new position in Store Capital in the second quarter valued at about $27,000. AdvisorNet Financial Inc boosted its holdings in shares of 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 acquiring an additional 614 shares in the last quarter. Quest Capital Management Inc. ADV acquired a new position in shares of Store Capital in the 3rd quarter worth approximately $41,000. NewSquare Capital LLC boosted its holdings in shares of 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 acquiring an additional 877 shares in the last quarter. Finally, Huntington National Bank grew its position in Store Capital by 262.8% during the 4th quarter. Huntington National Bank now owns 1,161 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 841 shares during the last quarter. Institutional investors and hedge funds own 89.26% of the company’s stock.
Shares of NYSE STOR opened at $38.31 on Thursday. Store Capital Corp has a 1-year low of $29.89 and a 1-year high of $40.96. The company has a market cap of $9.07 billion, a PE ratio of 30.90, a P/E/G ratio of 3.74 and a beta of 0.16. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $37.57 and a two-hundred day moving average of $37.34.
Store Capital (NYSE:STOR) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ 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 net margin of 44.09% and a return on equity of 6.92%. Store Capital’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, equities research analysts forecast that Store Capital Corp will post 1.92 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Monday, December 30th. Store Capital’s dividend payout ratio (DPR) is presently 76.09%.
STOR has been the subject of a number of recent analyst reports. Zacks Investment Research cut Store Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. SunTrust Banks lowered 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 research note on Wednesday, January 15th. Finally, BTIG Research cut Store Capital from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Store Capital currently has a consensus rating of “Buy” and a consensus price target of $37.89.
In other news, Director Joseph M. Donovan acquired 10,000 shares of Store Capital stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $37.30 per share, with a total value of $373,000.00. 0.84% of the stock is currently owned by corporate insiders.
Store Capital Company Profile
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.
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