Tudor Investment Corp ET AL raised its stake in STORE Capital Corporation (NYSE:STOR) by 794.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,042 shares of the real estate investment trust’s stock after buying an additional 90,628 shares during the period. Tudor Investment Corp ET AL owned approximately 0.06% of STORE Capital Corporation worth $2,437,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Janus Capital Management LLC boosted its stake in shares of STORE Capital Corporation by 3.9% in the fourth quarter. Janus Capital Management LLC now owns 174,900 shares of the real estate investment trust’s stock valued at $4,322,000 after buying an additional 6,500 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of STORE Capital Corporation by 17.9% in the fourth quarter. GSA Capital Partners LLP now owns 14,053 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 2,133 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of STORE Capital Corporation by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 366,200 shares of the real estate investment trust’s stock valued at $9,049,000 after buying an additional 39,900 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of STORE Capital Corporation during the fourth quarter valued at about $198,000. Finally, Allianz Asset Management AG raised its position in shares of STORE Capital Corporation by 63.0% in the fourth quarter. Allianz Asset Management AG now owns 171,699 shares of the real estate investment trust’s stock valued at $4,243,000 after buying an additional 66,361 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.
STORE Capital Corporation (NYSE:STOR) traded up 2.13% during trading on Wednesday, hitting $22.49. The stock had a trading volume of 946,645 shares. The firm has a 50 day moving average of $20.80 and a 200-day moving average of $23.30. STORE Capital Corporation has a 12 month low of $19.65 and a 12 month high of $31.44. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 27.19 and a beta of 0.24.
STORE Capital Corporation (NYSE:STOR) last released its earnings results on Thursday, May 4th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.22. The business had revenue of $108 million for the quarter, compared to analyst estimates of $105.51 million. STORE Capital Corporation had a return on equity of 5.22% and a net margin of 33.06%. STORE Capital Corporation’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 earnings per share. Equities analysts predict that STORE Capital Corporation will post $0.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Wednesday, June 28th. STORE Capital Corporation’s dividend payout ratio is presently 138.10%.
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Several brokerages have issued reports on STOR. ValuEngine lowered STORE Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Wunderlich decreased their price target on STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating for the company in a research report on Monday, May 15th. BidaskClub upgraded STORE Capital Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a research report on Tuesday, June 27th. Finally, Zacks Investment Research downgraded STORE Capital Corporation from a “hold” rating to a “strong sell” rating in a report on Saturday, July 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. STORE Capital Corporation presently has an average rating of “Hold” and a consensus target price of $28.50.
In other news, CFO Catherine F. Long bought 4,905 shares of STORE Capital Corporation stock in a transaction dated Wednesday, May 10th. The stock was bought at an average price of $20.39 per share, for a total transaction of $100,012.95. Following the purchase, the chief financial officer now owns 149,992 shares of the company’s stock, valued at $3,058,336.88. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph M. Donovan bought 5,000 shares of STORE Capital Corporation stock in a transaction dated Tuesday, May 9th. The stock was purchased at an average price of $20.81 per share, with a total value of $104,050.00. Following the purchase, the director now directly owns 35,694 shares in the company, valued at approximately $742,792.14. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 14,905 shares of company stock worth $305,763. Insiders own 0.90% of the company’s stock.
About STORE Capital Corporation
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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