Store Capital Corp (NYSE:STOR) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in Store Capital Corp (NYSE:STOR) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,177 shares of the real estate investment trust’s stock after purchasing an additional 5,277 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Store Capital worth $7,789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement Association of Colorado grew its position in Store Capital by 12.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 580 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Store Capital by 1.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 737,597 shares of the real estate investment trust’s stock valued at $16,560,000 after acquiring an additional 9,707 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Store Capital by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 180,901 shares of the real estate investment trust’s stock valued at $4,061,000 after acquiring an additional 4,867 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Store Capital by 12.1% during the 2nd quarter. SG Americas Securities LLC now owns 9,607 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Store Capital by 16.9% during the 2nd quarter. Legal & General Group Plc now owns 449,921 shares of the real estate investment trust’s stock valued at $10,100,000 after acquiring an additional 65,189 shares during the last quarter. Institutional investors and hedge funds own 95.68% of the company’s stock.

Several equities analysts have recently weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of Store Capital in a research note on Friday, November 3rd. ValuEngine upgraded shares of Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their price objective on shares of Store Capital from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, October 16th. BidaskClub cut shares of Store Capital from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, SunTrust Banks reissued a “buy” rating and issued a $25.00 target price on shares of Store Capital in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $27.00.

Shares of Store Capital Corp (STOR) opened at $24.60 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4,670.00, a PE ratio of 36.72, a P/E/G ratio of 2.83 and a beta of 0.24. Store Capital Corp has a fifty-two week low of $19.65 and a fifty-two week high of $26.58.

Store Capital (NYSE:STOR) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.24). Store Capital had a return on equity of 5.35% and a net margin of 35.67%. research analysts anticipate that Store Capital Corp will post 1.6 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.04%. Store Capital’s payout ratio is 185.07%.

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Store Capital 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 (NYSE:STOR)

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