Eii Capital Management Inc. raised its holdings in Store Capital Corp (NYSE:STOR) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,516 shares of the real estate investment trust’s stock after acquiring an additional 2,264 shares during the period. Store Capital comprises about 1.3% of Eii Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Eii Capital Management Inc.’s holdings in Store Capital were worth $2,446,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Store Capital during the first quarter worth about $445,000. Legal & General Group Plc increased its position in Store Capital by 14.2% during the first quarter. Legal & General Group Plc now owns 601,622 shares of the real estate investment trust’s stock worth $14,932,000 after purchasing an additional 74,721 shares during the last quarter. Royal Bank of Canada increased its position in Store Capital by 582.4% during the first quarter. Royal Bank of Canada now owns 141,934 shares of the real estate investment trust’s stock worth $3,522,000 after purchasing an additional 121,135 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Store Capital during the first quarter worth about $379,000. Finally, Norman Fields Gottscho Capital Management LLC increased its position in Store Capital by 10.4% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 128,675 shares of the real estate investment trust’s stock worth $3,526,000 after purchasing an additional 12,125 shares during the last quarter. 94.14% of the stock is owned by hedge funds and other institutional investors.
Shares of STOR stock opened at $29.18 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.52. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 3.39 and a beta of 0.15. Store Capital Corp has a 1-year low of $22.51 and a 1-year high of $29.82.
Store Capital (NYSE:STOR) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. The company had revenue of $137.00 million during the quarter, compared to analyst estimates of $135.39 million. Store Capital had a net margin of 37.26% and a return on equity of 5.60%. Store Capital’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts anticipate that Store Capital Corp will post 1.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.52%. The ex-dividend date was Thursday, September 27th. This is a positive change from Store Capital’s previous quarterly dividend of $0.31. Store Capital’s dividend payout ratio (DPR) is 77.19%.
STOR has been the subject of several recent analyst reports. LADENBURG THALM/SH SH restated a “hold” rating on shares of Store Capital in a research report on Friday, August 3rd. Zacks Investment Research cut shares of Store Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday. BMO Capital Markets set a $32.00 price objective on shares of Store Capital and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus restated a “buy” rating and set a $29.00 price objective on shares of Store Capital in a research report on Sunday, July 15th. Finally, Mizuho set a $30.00 price objective on shares of Store Capital and gave the stock a “buy” rating in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $29.00.
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 2,084 property locations, substantially all of which are profit centers, in 49 states.
Recommended Story: Momentum Indicator: Relative Strength Index
Want to see what other hedge funds are holding STOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Store Capital Corp (NYSE:STOR).
Receive News & Ratings for Store Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Store Capital and related companies with MarketBeat.com's FREE daily email newsletter.