Leith Wheeler Investment Counsel Ltd. Has $1.92 Million Holdings in Store Capital Corp (STOR)

Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Store Capital Corp (NYSE:STOR) by 28.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 73,590 shares of the real estate investment trust’s stock after buying an additional 16,390 shares during the period. Store Capital comprises about 3.3% of Leith Wheeler Investment Counsel Ltd.’s portfolio, making the stock its 18th biggest holding. Leith Wheeler Investment Counsel Ltd.’s holdings in Store Capital were worth $1,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of STOR. Berkshire Hathaway Inc. bought a new stake in Store Capital during the second quarter valued at about $418,057,000. State Street Corp boosted its holdings in Store Capital by 10.1% during 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 acquiring an additional 295,070 shares during the period. Highbridge Capital Management LLC boosted its holdings in Store Capital by 13.6% during the third quarter. Highbridge Capital Management LLC now owns 117,000 shares of the real estate investment trust’s stock valued at $2,910,000 after acquiring an additional 14,000 shares during the period. Loeb Partners Corp bought a new stake in Store Capital during the third quarter valued at about $373,000. Finally, Jane Street Group LLC bought a new stake in Store Capital during the third quarter valued at about $329,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Store Capital Corp (NYSE:STOR) traded down $0.03 during midday trading on Tuesday, hitting $25.32. 1,607,100 shares of the company traded hands, compared to its average volume of 1,306,640. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.59. Store Capital Corp has a twelve month low of $19.65 and a twelve month high of $26.58. The company has a market capitalization of $4,790.00, a PE ratio of 37.79, a PEG ratio of 2.93 and a beta of 0.24.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, December 28th. Store Capital’s dividend payout ratio (DPR) is presently 185.07%.

Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. B. Riley set a $26.00 target price on shares of Store Capital and gave the company a “hold” rating in a research note on Wednesday, November 15th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of Store Capital in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Store Capital from a “sell” rating to a “hold” rating in a research note on Saturday, October 14th. Finally, Stifel Nicolaus increased their target price on shares of Store Capital from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Store Capital presently has an average rating of “Buy” and a consensus price target of $27.00.

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Store Capital Company Profile

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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Institutional Ownership by Quarter for Store Capital (NYSE:STOR)

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