Thompson Siegel & Walmsley LLC boosted its holdings in Store Capital Corp (NYSE:STOR) by 8.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 86,608 shares of the real estate investment trust’s stock after buying an additional 7,000 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Store Capital were worth $2,901,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Store Capital in the fourth quarter valued at approximately $26,000. Cedar Wealth Management LLC purchased a new stake in shares of Store Capital during the first quarter valued at approximately $34,000. Parallel Advisors LLC raised its stake in shares of Store Capital by 2,702.7% during the first quarter. Parallel Advisors LLC now owns 1,037 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Duncker Streett & Co. Inc. purchased a new stake in shares of Store Capital during the first quarter valued at approximately $50,000. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in shares of Store Capital during the first quarter valued at approximately $50,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.
A number of analysts have recently weighed in on the stock. Berenberg Bank assumed coverage on shares of Store Capital in a research report on Tuesday, April 23rd. They set a “buy” rating and a $36.00 price target for the company. BTIG Research boosted their price target on shares of Store Capital to $37.00 and gave the company a “buy” rating in a report on Monday, April 15th. Raymond James boosted their price target on shares of Store Capital from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Zacks Investment Research downgraded shares of Store Capital from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Store Capital currently has an average rating of “Buy” and a consensus target price of $33.50.
Store Capital (NYSE:STOR) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.26). Store Capital had a net margin of 37.19% and a return on equity of 5.83%. The company had revenue of $156.60 million during the quarter, compared to analyst estimates of $152.22 million. During the same period in the previous year, the company posted $0.44 EPS. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, equities analysts forecast that Store Capital Corp will post 1.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.33 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.98%. Store Capital’s dividend payout ratio (DPR) is presently 71.74%.
About Store Capital
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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