Sumitomo Mitsui Trust Holdings Inc. Buys 56,943 Shares of Store Capital Corp (NYSE:STOR)

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Store Capital Corp (NYSE:STOR) by 24.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,493 shares of the real estate investment trust’s stock after purchasing an additional 56,943 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.13% of Store Capital worth $10,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC bought a new position in Store Capital in the 2nd quarter worth about $27,000. AdvisorNet Financial Inc boosted its stake in Store Capital by 157.4% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,004 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 614 shares during the period. Heritage Wealth Advisors boosted its position in shares of Store Capital by 120.0% during the 2nd quarter. Heritage Wealth Advisors now owns 1,100 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 600 shares during the last quarter. Quest Capital Management Inc. ADV bought a new stake in shares of Store Capital during the 3rd quarter valued at about $41,000. Finally, NewSquare Capital LLC boosted its position in shares of Store Capital by 230.8% during the 2nd quarter. NewSquare Capital LLC now owns 1,257 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 877 shares during the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.

A number of analysts have recently issued reports on the company. Deutsche Bank assumed coverage on Store Capital in a research report on Tuesday, August 27th. They set a “buy” rating and a $40.00 price target for the company. ValuEngine downgraded Store Capital from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets reiterated a “buy” rating and set a $35.00 price target on shares of Store Capital in a research report on Monday, August 5th. Zacks Investment Research downgraded Store Capital from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley lifted their price target on Store Capital from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $37.75.

Shares of STOR traded up $0.43 during trading hours on Monday, reaching $39.25. 1,390,721 shares of the company’s stock traded hands, compared to its average volume of 1,556,361. The stock has a market cap of $9.16 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 4.09 and a beta of 0.19. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The firm’s 50 day simple moving average is $38.28 and its 200-day simple moving average is $35.72. Store Capital Corp has a 12 month low of $27.35 and a 12 month high of $40.78.

Store Capital (NYSE:STOR) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. The company had revenue of $171.80 million for the quarter, compared to analysts’ expectations of $167.38 million. Store Capital had a return on equity of 6.92% and a net margin of 44.09%. Store Capital’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. As a group, analysts expect that Store Capital Corp will post 1.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.57%. This is a boost from Store Capital’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, September 27th. Store Capital’s dividend payout ratio (DPR) is currently 76.09%.

In other news, Director Joseph M. Donovan acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $36.11 per share, with a total value of $72,220.00. Following the acquisition, the director now owns 55,794 shares in the company, valued at approximately $2,014,721.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

Store Capital 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 2,255 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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