Store Capital Corp (STOR) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC decreased its stake in Store Capital Corp (NYSE:STOR) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,807,463 shares of the real estate investment trust’s stock after selling 25,097 shares during the period. Store Capital makes up 1.8% of Anchor Capital Advisors LLC’s portfolio, making the stock its 7th largest position. Anchor Capital Advisors LLC’s holdings in Store Capital were worth $50,229,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Laurel Grove Capital LLC raised its position in shares of Store Capital by 8.1% in the second quarter. Laurel Grove Capital LLC now owns 34,038 shares of the real estate investment trust’s stock valued at $933,000 after purchasing an additional 2,538 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Store Capital by 12.3% in the second quarter. Daiwa Securities Group Inc. now owns 23,700 shares of the real estate investment trust’s stock valued at $649,000 after purchasing an additional 2,600 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Store Capital by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 138,364 shares of the real estate investment trust’s stock valued at $3,791,000 after purchasing an additional 2,729 shares during the period. BTC Capital Management Inc. raised its position in shares of Store Capital by 3.6% in the second quarter. BTC Capital Management Inc. now owns 79,933 shares of the real estate investment trust’s stock valued at $2,191,000 after purchasing an additional 2,814 shares during the period. Finally, Fox Run Management L.L.C. raised its position in shares of Store Capital by 23.3% in the third quarter. Fox Run Management L.L.C. now owns 21,308 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 4,033 shares during the period. 94.14% of the stock is currently owned by institutional investors and hedge funds.

Store Capital stock opened at $29.03 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $6.09 billion, a P/E ratio of 16.98, a PEG ratio of 3.39 and a beta of 0.15. Store Capital Corp has a 1-year low of $22.51 and a 1-year high of $29.82.



Store Capital (NYSE:STOR) last posted its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.13). The firm had revenue of $131.20 million for the quarter, compared to the consensus estimate of $132.13 million. Store Capital had a return on equity of 5.60% and a net margin of 37.26%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Research analysts expect that Store Capital Corp will post 1.75 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Thursday, September 27th. This is a positive change from Store Capital’s previous quarterly dividend of $0.31. Store Capital’s dividend payout ratio is 77.19%.

Several research firms have recently issued reports on STOR. Zacks Investment Research lowered shares of Store Capital from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Janney Montgomery Scott lowered shares of Store Capital from a “buy” rating to a “neutral” rating in a research report on Friday, July 13th. ValuEngine raised shares of Store Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Morgan Stanley raised shares of Store Capital from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Monday, October 1st. Finally, BMO Capital Markets began coverage on shares of Store Capital in a research report on Tuesday, September 18th. They issued a “buy” rating and a $32.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Store Capital presently has an average rating of “Buy” and a consensus price target of $29.00.

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 2,084 property locations, substantially all of which are profit centers, in 49 states.

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Institutional Ownership by Quarter for Store Capital (NYSE:STOR)

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