STORE Capital Corporation (STOR) Position Raised by Ranger Global Real Estate Advisors LLC

Ranger Global Real Estate Advisors LLC boosted its stake in shares of STORE Capital Corporation (NYSE:STOR) by 100.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 439,300 shares of the real estate investment trust’s stock after buying an additional 220,000 shares during the period. STORE Capital Corporation accounts for about 3.6% of Ranger Global Real Estate Advisors LLC’s portfolio, making the stock its 9th largest position. Ranger Global Real Estate Advisors LLC owned 0.26% of STORE Capital Corporation worth $9,862,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in shares of STORE Capital Corporation by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 619 shares during the last quarter. Thompson Davis & CO. Inc. increased its stake in shares of STORE Capital Corporation by 7,774.5% in the first quarter. Thompson Davis & CO. Inc. now owns 7,402 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 7,308 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of STORE Capital Corporation during the first quarter valued at approximately $201,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of STORE Capital Corporation by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,079 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 497 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of STORE Capital Corporation by 25.7% in the first quarter. US Bancorp DE now owns 10,295 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 2,104 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Shares of STORE Capital Corporation (NYSE:STOR) traded down 0.491% during mid-day trading on Friday, reaching $23.285. 383,861 shares of the company’s stock were exchanged. The company’s 50 day moving average is $21.74 and its 200 day moving average is $23.14. The stock has a market capitalization of $3.98 billion, a PE ratio of 28.156 and a beta of 0.24. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $31.44.

STORE Capital Corporation (NYSE:STOR) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.22. The business had revenue of $108 million during the quarter, compared to analyst estimates of $105.51 million. STORE Capital Corporation had a net margin of 33.06% and a return on equity of 5.22%. STORE Capital Corporation’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. Equities research analysts anticipate that STORE Capital Corporation will post $0.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Wednesday, June 28th. STORE Capital Corporation’s payout ratio is currently 138.10%.

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Several analysts have recently commented on STOR shares. BTIG Research restated a “buy” rating and set a $28.00 price objective on shares of STORE Capital Corporation in a research report on Friday, June 30th. Wunderlich decreased their price objective on shares of STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. Stifel Nicolaus decreased their price objective on shares of STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a research report on Monday, May 15th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $28.00 price target on shares of STORE Capital Corporation in a report on Tuesday, March 28th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of STORE Capital Corporation from a “conviction-buy” rating to a “buy” rating and reduced their price target for the company from $29.00 to $28.00 in a report on Saturday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. STORE Capital Corporation presently has a consensus rating of “Hold” and a consensus price target of $27.54.

In other news, CFO Catherine F. Long acquired 4,905 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was purchased at an average cost of $20.39 per share, for a total transaction of $100,012.95. Following the completion of the transaction, the chief financial officer now owns 149,992 shares in the company, valued at $3,058,336.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph M. Donovan acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average price of $20.81 per share, with a total value of $104,050.00. Following the completion of the transaction, the director now owns 35,694 shares of the company’s stock, valued at approximately $742,792.14. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 14,905 shares of company stock valued at $305,763. 0.90% of the stock is owned by company insiders.

STORE Capital Corporation Company 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 Corporation (NYSE:STOR)

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