Laurel Grove Capital LLC bought a new position in Store Capital Corp (NYSE:STOR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,800 shares of the real estate investment trust’s stock, valued at approximately $385,000.
Other institutional investors have also recently made changes to their positions in the company. California Public Employees Retirement System increased its holdings in Store Capital by 1.7% in the 3rd quarter. California Public Employees Retirement System now owns 313,177 shares of the real estate investment trust’s stock worth $7,789,000 after buying an additional 5,277 shares during the period. Jane Street Group LLC acquired a new position in Store Capital in the 3rd quarter worth approximately $329,000. Berkshire Hathaway Inc. acquired a new position in Store Capital in the 2nd quarter worth approximately $418,057,000. Highbridge Capital Management LLC increased its holdings in Store Capital by 13.6% in the 3rd quarter. Highbridge Capital Management LLC now owns 117,000 shares of the real estate investment trust’s stock worth $2,910,000 after buying an additional 14,000 shares during the period. Finally, Weaver C. Barksdale & Associates Inc. purchased a new stake in Store Capital in the 4th quarter worth approximately $1,532,000. Institutional investors and hedge funds own 94.81% of the company’s stock.
STOR has been the topic of several recent research reports. Robert W. Baird restated a “buy” rating on shares of Store Capital in a research report on Friday, October 20th. ValuEngine upgraded Store Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research lowered Store Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. SunTrust Banks reiterated a “buy” rating and set a $26.00 target price on shares of Store Capital in a research report on Monday, January 22nd. Finally, BidaskClub lowered Store Capital from a “hold” rating to a “sell” rating in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $27.08.
Shares of Store Capital Corp (STOR) traded up $0.03 during trading hours on Wednesday, hitting $23.41. The company had a trading volume of 1,864,797 shares, compared to its average volume of 1,720,000. 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 firm has a market cap of $4,450.00, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 2.71 and a beta of 0.12. Store Capital Corp has a 1 year low of $19.65 and a 1 year high of $26.58.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Thursday, December 28th. Store Capital’s dividend payout ratio (DPR) is 185.07%.
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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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