Northpointe Capital LLC raised its position in Store Capital Corp (NYSE:STOR) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,845 shares of the real estate investment trust’s stock after acquiring an additional 9,988 shares during the period. Store Capital comprises approximately 1.4% of Northpointe Capital LLC’s holdings, making the stock its 24th largest holding. Northpointe Capital LLC owned 0.06% of Store Capital worth $4,517,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new position in shares of Store Capital in the 4th quarter worth approximately $26,000. Pearl River Capital LLC acquired a new position in shares of Store Capital in the 4th quarter worth approximately $59,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Store Capital by 40.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,530 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 1,017 shares in the last quarter. Enlightenment Research LLC acquired a new position in shares of Store Capital in the 4th quarter worth approximately $113,000. Finally, Ffcm LLC raised its holdings in shares of Store Capital by 255.7% in the 4th quarter. Ffcm LLC now owns 5,947 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 4,275 shares in the last quarter. 97.25% of the stock is owned by hedge funds and other institutional investors.
STOR has been the topic of a number of research analyst reports. Mizuho set a $34.00 price target on Store Capital and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Raymond James set a $34.00 price target on Store Capital and gave the stock a “buy” rating in a research report on Thursday, February 28th. BMO Capital Markets set a $32.00 price target on Store Capital and gave the stock a “buy” rating in a research report on Monday, January 14th. BTIG Research increased their price target on Store Capital to $37.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Zacks Investment Research upgraded Store Capital from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, January 15th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.86.
NYSE STOR traded down $0.42 during trading hours on Wednesday, reaching $31.64. 55,544 shares of the company’s stock were exchanged, compared to its average volume of 1,388,175. The firm has a market cap of $6.76 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 3.55 and a beta of 0.31. Store Capital Corp has a one year low of $24.04 and a one year high of $34.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.37 and a quick ratio of 0.37.
Store Capital (NYSE:STOR) last released its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.18). The business had revenue of $146.70 million for the quarter, compared to the consensus estimate of $143.83 million. Store Capital had a return on equity of 6.25% and a net margin of 40.12%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. As a group, equities analysts expect that Store Capital Corp will post 1.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.33 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.32 dividend on an annualized basis and a yield of 4.17%. Store Capital’s payout ratio is 71.74%.
Store Capital 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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