72,139 Shares in Store Capital Corp (STOR) Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. bought a new position in shares of Store Capital Corp (NYSE:STOR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 72,139 shares of the real estate investment trust’s stock, valued at approximately $2,005,000.

Other hedge funds have also recently modified their holdings of the company. Eii Capital Management Inc. increased its position in shares of Store Capital by 2.8% during the third quarter. Eii Capital Management Inc. now owns 82,516 shares of the real estate investment trust’s stock valued at $2,446,000 after acquiring an additional 2,264 shares during the last quarter. Laurel Grove Capital LLC increased its position in shares of Store Capital by 8.1% during 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 acquiring an additional 2,538 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Store Capital by 12.3% during 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 acquiring an additional 2,600 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Store Capital by 2.0% during 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 acquiring an additional 2,729 shares during the last quarter. Finally, BTC Capital Management Inc. increased its position in shares of Store Capital by 3.6% during 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 acquiring an additional 2,814 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Shares of STOR stock opened at $29.89 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $6.28 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 3.38 and a beta of 0.07. Store Capital Corp has a fifty-two week low of $22.51 and a fifty-two week high of $29.96.

Store Capital (NYSE:STOR) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The firm had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $135.39 million. Store Capital had a net margin of 39.17% and a return on equity of 6.11%. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, research analysts predict that Store Capital Corp will post 1.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.42%. This is a boost from Store Capital’s previous quarterly dividend of $0.31. Store Capital’s payout ratio is 77.19%.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets set a $32.00 price target on shares of Store Capital and gave the company a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research cut shares of Store Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 31st. ValuEngine upgraded shares of Store Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Morgan Stanley upgraded shares of Store Capital from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Monday, October 1st. Finally, Mizuho set a $30.00 price target on shares of Store Capital and gave the company a “buy” rating in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $29.00.

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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 2,084 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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