Randolph Co Inc grew its holdings in shares of Store Capital Corp (NYSE:STOR) by 30.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 357,670 shares of the real estate investment trust’s stock after purchasing an additional 84,207 shares during the period. Store Capital makes up about 2.4% of Randolph Co Inc’s holdings, making the stock its 19th biggest position. Randolph Co Inc owned approximately 0.16% of Store Capital worth $13,380,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STOR. Princeton Global Asset Management LLC acquired a new position in Store Capital during the 2nd quarter worth approximately $27,000. Advisory Services Network LLC boosted its stake in shares of Store Capital by 100.0% during the 1st quarter. Advisory Services Network LLC now owns 1,000 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 500 shares in the last quarter. Heritage Wealth Advisors boosted its stake in shares of Store Capital by 120.0% during the 2nd quarter. Heritage Wealth Advisors now owns 1,100 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 600 shares in the last quarter. NewSquare Capital LLC boosted its stake in shares of Store Capital by 230.8% during the 2nd quarter. NewSquare Capital LLC now owns 1,257 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 877 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Store Capital during the 2nd quarter worth approximately $44,000. Institutional investors own 90.94% of the company’s stock.
STOR stock traded down $0.04 on Wednesday, reaching $37.59. The company had a trading volume of 105,875 shares, compared to its average volume of 1,251,166. Store Capital Corp has a 1 year low of $27.35 and a 1 year high of $38.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 0.35. The company’s fifty day moving average is $37.44 and its 200 day moving average is $35.01. The company has a market cap of $8.55 billion, a P/E ratio of 20.42, a PEG ratio of 3.97 and a beta of 0.18.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.35 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.40 dividend on an annualized basis and a yield of 3.72%. This is a positive change from Store Capital’s previous quarterly dividend of $0.33. Store Capital’s dividend payout ratio is presently 76.09%.
Several brokerages have recently commented on STOR. BMO Capital Markets reissued a “buy” rating and set a $35.00 price target on shares of Store Capital in a research note on Monday, August 5th. Morgan Stanley boosted their price target on Store Capital from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 17th. Zacks Investment Research raised Store Capital from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday. Raymond James set a $39.00 price target on Store Capital and gave the stock a “buy” rating in a research note on Monday, August 26th. Finally, Deutsche Bank initiated coverage on Store Capital in a research note on Tuesday, August 27th. They set a “buy” rating and a $40.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $37.75.
In related news, Director Joseph M. Donovan bought 2,000 shares of Store Capital stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $36.11 per share, with a total value of $72,220.00. Following the purchase, the director now owns 55,794 shares in the company, valued at $2,014,721.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
About Store Capital
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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