C WorldWide Group Holding A S trimmed its holdings in STORE Capital Corporation (NYSE:STOR) by 40.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,360 shares of the real estate investment trust’s stock after selling 34,551 shares during the quarter. C WorldWide Group Holding A S’s holdings in STORE Capital Corporation were worth $1,252,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Berkshire Hathaway Inc. purchased a new stake in STORE Capital Corporation in the second quarter valued at $418,057,000. American Century Companies Inc. boosted its holdings in STORE Capital Corporation by 34.1% in the second quarter. American Century Companies Inc. now owns 737,678 shares of the real estate investment trust’s stock valued at $16,561,000 after purchasing an additional 187,680 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in STORE Capital Corporation in the second quarter valued at $1,957,000. State Street Corp boosted its holdings in STORE Capital Corporation by 10.1% in the second quarter. State Street Corp now owns 3,217,856 shares of the real estate investment trust’s stock valued at $72,242,000 after purchasing an additional 295,070 shares during the last quarter. Finally, Loeb Partners Corp purchased a new stake in STORE Capital Corporation in the third quarter valued at $373,000. 97.33% of the stock is currently owned by institutional investors.
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In related news, Director William Franklin Hipp purchased 4,000 shares of STORE Capital Corporation stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $25.18 per share, for a total transaction of $100,720.00. Following the transaction, the director now directly owns 18,499 shares in the company, valued at $465,804.82. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.90% of the stock is owned by corporate insiders.
Several equities research analysts have commented on STOR shares. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of STORE Capital Corporation in a report on Monday, November 6th. Mizuho upgraded shares of STORE Capital Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $23.50 to $27.00 in a research report on Thursday, August 31st. Zacks Investment Research downgraded shares of STORE Capital Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub downgraded shares of STORE Capital Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, October 29th. Finally, KeyCorp reiterated a “hold” rating on shares of STORE Capital Corporation in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.09.
STORE Capital Corporation (NYSE:STOR) traded up $0.18 on Monday, hitting $26.13. 334,705 shares of the company traded hands, compared to its average volume of 1,610,000. STORE Capital Corporation has a 52-week low of $19.65 and a 52-week high of $26.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $4,970.00 and a P/E ratio of 15.27.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Thursday, September 28th. This is an increase from STORE Capital Corporation’s previous quarterly dividend of $0.29. STORE Capital Corporation’s dividend payout ratio is 185.07%.
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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