Weaver C. Barksdale & Associates Inc. acquired a new stake in shares of Store Capital Corp (NYSE:STOR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 58,825 shares of the real estate investment trust’s stock, valued at approximately $1,532,000. Store Capital accounts for about 1.6% of Weaver C. Barksdale & Associates Inc.’s investment portfolio, making the stock its 27th biggest holding.
A number of other institutional investors also recently modified their holdings of the business. Berkshire Hathaway Inc. bought a new position in Store Capital during the 2nd quarter valued at about $418,057,000. Cbre Clarion Securities LLC increased its position in shares of Store Capital by 272.6% during the 2nd quarter. Cbre Clarion Securities LLC now owns 4,890,472 shares of the real estate investment trust’s stock valued at $109,791,000 after purchasing an additional 3,577,846 shares during the last quarter. BlackRock Inc. increased its position in shares of Store Capital by 11.4% during the 2nd quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock valued at $254,025,000 after purchasing an additional 1,162,257 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Store Capital by 111.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,379,729 shares of the real estate investment trust’s stock valued at $30,974,000 after purchasing an additional 726,377 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Store Capital by 95.3% during the 3rd quarter. American Century Companies Inc. now owns 1,440,772 shares of the real estate investment trust’s stock valued at $35,832,000 after purchasing an additional 703,094 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors and hedge funds.
Store Capital Corp (NYSE:STOR) opened at $23.87 on Friday. Store Capital Corp has a 52 week low of $19.65 and a 52 week high of $26.58. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $4,540.00, a price-to-earnings ratio of 35.63, a PEG ratio of 2.78 and a beta of 0.24.
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 the consensus estimate of $0.39 by ($0.24). Store Capital had a net margin of 35.67% and a return on equity of 5.35%. analysts forecast that Store Capital Corp will post 1.6 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.31 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.24 annualized dividend and a yield of 5.19%. Store Capital’s dividend payout ratio (DPR) is presently 185.07%.
STOR has been the subject of several research reports. Robert W. Baird reaffirmed a “buy” rating on shares of Store Capital in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Store Capital from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. ValuEngine raised shares of Store Capital from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. SunTrust Banks reaffirmed a “buy” rating and set a $26.00 price objective on shares of Store Capital in a report on Monday, January 22nd. Finally, BidaskClub lowered shares of Store Capital from a “hold” rating to a “sell” rating in a report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $27.08.
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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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