Janus Henderson Group PLC decreased its stake in shares of Store Capital Corp (NYSE:STOR) by 18.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,561 shares of the real estate investment trust’s stock after selling 36,152 shares during the quarter. Janus Henderson Group PLC owned about 0.08% of Store Capital worth $3,967,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Store Capital by 0.8% in the second quarter. Vanguard Group Inc. now owns 26,355,624 shares of the real estate investment trust’s stock worth $591,684,000 after acquiring an additional 220,040 shares during the period. Berkshire Hathaway Inc. purchased a new stake in Store Capital during the second quarter worth $418,057,000. CI Global Investments Inc. lifted its holdings in Store Capital by 154.8% during the second quarter. CI Global Investments Inc. now owns 12,744,954 shares of the real estate investment trust’s stock valued at $286,124,000 after purchasing an additional 7,743,682 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Store Capital by 22.0% during the second 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 purchasing an additional 2,189,912 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Store Capital by 11.4% during the second quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock valued at $254,025,000 after purchasing an additional 1,162,257 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.
Store Capital Corp (NYSE:STOR) opened at $24.47 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $4,650.00, a price-to-earnings ratio of 36.52, a PEG ratio of 2.93 and a beta of 0.24. Store Capital Corp has a 1-year low of $19.65 and a 1-year high of $26.58.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.24 annualized dividend and a yield of 5.07%. Store Capital’s dividend payout ratio is currently 185.07%.
Several equities analysts have recently weighed in on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Store Capital in a research note on Monday, November 6th. B. Riley set a $26.00 price objective on shares of Store Capital and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research cut shares of Store Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub cut shares of Store Capital from a “hold” rating to a “sell” rating in a research report on Sunday, October 29th. Finally, KeyCorp reissued a “hold” rating on shares of Store Capital in a research note on Wednesday, October 4th. One 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 has a consensus 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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