MML Investors Services LLC boosted its position in shares of Store Capital Corp (NYSE:STOR) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,594 shares of the real estate investment trust’s stock after purchasing an additional 2,281 shares during the period. MML Investors Services LLC’s holdings in Store Capital were worth $588,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STOR. Advisory Research Inc. acquired a new stake in Store Capital during the 4th quarter valued at $14,812,000. American Century Companies Inc. boosted its stake in Store Capital by 35.2% during the 4th quarter. American Century Companies Inc. now owns 1,948,448 shares of the real estate investment trust’s stock valued at $50,738,000 after acquiring an additional 507,676 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in Store Capital during the 3rd quarter valued at $10,533,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Store Capital during the 4th quarter valued at $10,747,000. Finally, BlackRock Inc. boosted its stake in Store Capital by 1.6% during the 4th quarter. BlackRock Inc. now owns 11,527,036 shares of the real estate investment trust’s stock valued at $300,162,000 after acquiring an additional 178,854 shares during the last quarter. 94.19% of the stock is owned by institutional investors and hedge funds.
STOR has been the topic of a number of research analyst reports. SunTrust Banks reiterated a “buy” rating and set a $26.00 price objective on shares of Store Capital in a research note on Monday, January 22nd. ValuEngine upgraded shares of Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Robert W. Baird reiterated a “buy” rating on shares of Store Capital in a research note on Tuesday, February 27th. Zacks Investment Research upgraded shares of Store Capital from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Finally, B. Riley set a $26.00 price target on shares of Store Capital and gave the stock a “hold” rating in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $27.08.
Store Capital Corp (STOR) opened at $24.50 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.57 and a quick ratio of 0.57. Store Capital Corp has a 52-week low of $19.65 and a 52-week high of $26.58. The stock has a market cap of $4,758.02, a PE ratio of 14.41, a PEG ratio of 2.82 and a beta of 0.16.
Store Capital (NYSE:STOR) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. Store Capital had a net margin of 36.27% and a return on equity of 5.35%. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $114.90 million. During the same period last year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. research analysts anticipate that Store Capital Corp will post 1.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.06%. Store Capital’s payout ratio is currently 137.78%.
Store Capital 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.
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