Alliancebernstein L.P. reduced its position in shares of STORE Capital (NYSE:STOR) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,862 shares of the real estate investment trust’s stock after selling 6,100 shares during the period. Alliancebernstein L.P.’s holdings in STORE Capital were worth $4,293,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of STORE Capital by 1.6% during the 4th quarter. BlackRock Inc. now owns 11,527,036 shares of the real estate investment trust’s stock valued at $300,162,000 after acquiring an additional 178,854 shares in the last quarter. Cbre Clarion Securities LLC raised its position in shares of STORE Capital by 2.0% during the 4th quarter. Cbre Clarion Securities LLC now owns 5,760,739 shares of the real estate investment trust’s stock valued at $150,010,000 after acquiring an additional 110,469 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of STORE Capital by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,436,769 shares of the real estate investment trust’s stock valued at $60,602,000 after acquiring an additional 107,173 shares in the last quarter. American Century Companies Inc. raised its position in shares of STORE Capital by 35.2% during the 4th quarter. American Century Companies Inc. now owns 1,948,448 shares of the real estate investment trust’s stock valued at $50,738,000 after acquiring an additional 507,676 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of STORE Capital by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,432,125 shares of the real estate investment trust’s stock valued at $37,292,000 after acquiring an additional 9,452 shares in the last quarter. 94.20% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on STOR. ValuEngine lowered STORE Capital from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Capital One Financial reaffirmed an “overweight” rating on shares of STORE Capital in a research report on Wednesday, March 14th. Zacks Investment Research raised STORE Capital from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. B. Riley set a $26.00 target price on STORE Capital and gave the stock a “hold” rating in a research report on Friday, February 23rd. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of STORE Capital in a research report on Tuesday, February 27th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. STORE Capital has a consensus rating of “Buy” and an average price target of $26.82.
STORE Capital (NYSE:STOR) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $120.10 million for the quarter, compared to analyst estimates of $114.90 million. STORE Capital had a return on equity of 5.35% and a net margin of 36.27%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. sell-side analysts anticipate that STORE Capital will post 1.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Wednesday, March 28th. STORE Capital’s dividend payout ratio (DPR) is 72.51%.
In other STORE Capital news, CFO Catherine F. Long purchased 4,225 shares of the stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $23.70 per share, with a total value of $100,132.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher H. Volk purchased 4,250 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $23.64 per share, for a total transaction of $100,470.00. The disclosure for this purchase can be found here. Insiders have bought 12,475 shares of company stock worth $295,603 over the last three months. Corporate insiders own 0.90% of the company’s stock.
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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 1,921 property locations, substantially all of which are profit centers, in 48 states.
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