Westpac Banking Corp cut its holdings in shares of Store Capital Corp (NYSE:STOR) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 362,525 shares of the real estate investment trust’s stock after selling 29,821 shares during the period. Westpac Banking Corp owned 0.19% of Store Capital worth $9,440,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of STOR. Berkshire Hathaway Inc. purchased a new position in shares of Store Capital during the second quarter valued at approximately $418,057,000. Cbre Clarion Securities LLC increased its stake in shares of Store Capital by 272.6% during the second quarter. Cbre Clarion Securities LLC now owns 4,890,472 shares of the real estate investment trust’s stock valued at $109,791,000 after buying an additional 3,577,846 shares during the period. BlackRock Inc. increased its stake in shares of 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 buying an additional 1,162,257 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Store Capital by 111.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,379,729 shares of the real estate investment trust’s stock valued at $30,974,000 after buying an additional 726,377 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Store Capital by 95.3% during the third quarter. American Century Companies Inc. now owns 1,440,772 shares of the real estate investment trust’s stock valued at $35,832,000 after buying an additional 703,094 shares during the period. 95.82% of the stock is currently owned by hedge funds and other institutional investors.
Store Capital Corp (NYSE:STOR) traded up $0.66 during midday trading on Friday, hitting $23.18. The company had a trading volume of 3,090,085 shares, compared to its average volume of 1,606,489. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.59. Store Capital Corp has a one year low of $19.65 and a one year high of $26.58. The company has a market capitalization of $4,404.57, a price-to-earnings ratio of 26.05, a PEG ratio of 2.68 and a beta of 0.12.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 5.35%. The ex-dividend date was Thursday, December 28th. Store Capital’s dividend payout ratio (DPR) is 139.33%.
Several equities analysts have recently issued reports on STOR shares. Robert W. Baird reissued a “buy” rating on shares of Store Capital in a research note on Friday, October 20th. Zacks Investment Research lowered Store Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine upgraded Store Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. SunTrust Banks restated a “buy” rating and set a $26.00 price target on shares of Store Capital in a research report on Monday, January 22nd. Finally, BidaskClub lowered Store Capital from a “hold” rating to a “sell” rating in a research report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $27.08.
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About Store Capital
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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