Westpac Banking Corp Has $9.19 Million Holdings in STORE Capital Corporation (STOR)

Westpac Banking Corp lessened its stake in shares of STORE Capital Corporation (NYSE:STOR) by 47.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 409,121 shares of the real estate investment trust’s stock after selling 367,732 shares during the period. Westpac Banking Corp owned about 0.24% of STORE Capital Corporation worth $9,185,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of STORE Capital Corporation by 1.4% during the 2nd quarter. Swiss National Bank now owns 284,340 shares of the real estate investment trust’s stock valued at $6,383,000 after acquiring an additional 4,000 shares during the last quarter. Pacad Investment Ltd. lifted its position in shares of STORE Capital Corporation by 161.6% during the 2nd quarter. Pacad Investment Ltd. now owns 24,588 shares of the real estate investment trust’s stock valued at $552,000 after acquiring an additional 15,188 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of STORE Capital Corporation by 22.0% during the 2nd quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock valued at $272,516,000 after acquiring an additional 2,189,912 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of STORE Capital Corporation by 52.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,804 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 4,725 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of STORE Capital Corporation by 22.9% during the 2nd quarter. Pacer Advisors Inc. now owns 18,288 shares of the real estate investment trust’s stock valued at $411,000 after acquiring an additional 3,404 shares during the last quarter.

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STOR has been the subject of a number of research analyst reports. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of STORE Capital Corporation in a report on Wednesday, August 16th. TheStreet upgraded STORE Capital Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co initiated coverage on STORE Capital Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $24.00 target price for the company. ValuEngine lowered STORE Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded STORE Capital Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $27.59.

Shares of STORE Capital Corporation (NYSE STOR) opened at 26.01 on Friday. STORE Capital Corporation has a one year low of $19.65 and a one year high of $30.65. The company’s 50 day moving average price is $24.74 and its 200 day moving average price is $23.13. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 26.22 and a beta of 0.24.

STORE Capital Corporation (NYSE:STOR) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). The company had revenue of $114.21 million during the quarter, compared to the consensus estimate of $112.27 million. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, analysts expect that STORE Capital Corporation will post $0.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.31 dividend. This is a boost from STORE Capital Corporation’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 4.77%. The ex-dividend date is Thursday, September 28th. STORE Capital Corporation’s payout ratio is currently 118.37%.

In related news, Director William Franklin Hipp acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $25.18 per share, with a total value of $100,720.00. Following the transaction, the director now owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

STORE Capital Corporation 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.

Institutional Ownership by Quarter for STORE Capital Corporation (NYSE:STOR)

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