Janney Montgomery Scott LLC cut its stake in shares of Store Capital Corp (NYSE:STOR) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,534 shares of the real estate investment trust’s stock after selling 4,588 shares during the period. Janney Montgomery Scott LLC owned about 0.07% of Store Capital worth $4,120,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC bought a new stake in Store Capital in the 4th quarter valued at about $1,112,000. SG Americas Securities LLC raised its stake in Store Capital by 39.8% in the 4th quarter. SG Americas Securities LLC now owns 63,370 shares of the real estate investment trust’s stock valued at $1,794,000 after acquiring an additional 18,032 shares during the period. Rhumbline Advisers raised its stake in Store Capital by 6.8% in the 4th quarter. Rhumbline Advisers now owns 198,525 shares of the real estate investment trust’s stock valued at $5,620,000 after acquiring an additional 12,591 shares during the period. Sigma Planning Corp raised its stake in Store Capital by 4.2% in the 4th quarter. Sigma Planning Corp now owns 11,964 shares of the real estate investment trust’s stock valued at $339,000 after acquiring an additional 480 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Store Capital by 164.4% in the 4th quarter. Advisors Asset Management Inc. now owns 5,960 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 3,706 shares during the period. Institutional investors and hedge funds own 94.04% of the company’s stock.
In other Store Capital news, Director Joseph M. Donovan acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was bought at an average price of $29.53 per share, with a total value of $88,590.00. Following the completion of the acquisition, the director now owns 50,820 shares of the company’s stock, valued at $1,500,714.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Friday, December 28th. Store Capital’s payout ratio is presently 77.19%.
A number of brokerages recently issued reports on STOR. BMO Capital Markets set a $32.00 price objective on Store Capital and gave the company a “buy” rating in a research note on Monday, January 14th. Zacks Investment Research raised Store Capital from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Friday, November 16th. Mizuho set a $34.00 target price on Store Capital and gave the company a “buy” rating in a report on Wednesday, January 23rd. Finally, ValuEngine raised Store Capital from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $29.75.
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Store Capital Company Profile
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 2,206 property locations, substantially all of which are profit centers, in 49 states.
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