Envestnet Asset Management Inc. increased its position in STORE Capital (NYSE:STOR) by 189.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,096 shares of the real estate investment trust’s stock after buying an additional 2,681 shares during the period. Envestnet Asset Management Inc.’s holdings in STORE Capital were worth $106,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. WealthPLAN Partners LLC acquired a new position in STORE Capital in the fourth quarter worth approximately $508,000. Eii Capital Management Inc. increased its holdings in STORE Capital by 35.5% in the fourth quarter. Eii Capital Management Inc. now owns 81,863 shares of the real estate investment trust’s stock worth $2,132,000 after buying an additional 21,463 shares during the last quarter. Macquarie Group Ltd. increased its holdings in STORE Capital by 1,073.4% in the fourth quarter. Macquarie Group Ltd. now owns 645,396 shares of the real estate investment trust’s stock worth $16,770,000 after buying an additional 590,396 shares during the last quarter. Vident Investment Advisory LLC acquired a new position in STORE Capital in the fourth quarter worth approximately $245,000. Finally, Lido Advisors LLC increased its holdings in STORE Capital by 66.7% in the fourth quarter. Lido Advisors LLC now owns 25,000 shares of the real estate investment trust’s stock worth $651,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 94.29% of the company’s stock.
In other STORE Capital news, Director Joseph M. Donovan acquired 4,000 shares of STORE Capital stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $23.75 per share, with a total value of $95,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher H. Volk acquired 4,250 shares of STORE Capital stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average cost of $23.64 per share, with a total value of $100,470.00. The disclosure for this purchase can be found here. Insiders bought 12,475 shares of company stock valued at $295,603 over the last three months. 0.90% of the stock is owned by company insiders.
STORE Capital (NYSE:STOR) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. STORE Capital had a return on equity of 5.35% and a net margin of 36.27%. The company had revenue of $120.10 million during the quarter, compared to analysts’ expectations of $114.90 million. During the same period in the prior year, the business earned $0.40 earnings per share. STORE Capital’s revenue for the quarter was up 17.6% compared to the same quarter last year. equities analysts predict that STORE Capital will post 1.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Friday, March 30th were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.24 annualized dividend and a dividend yield of 5.10%. STORE Capital’s dividend payout ratio is 72.51%.
A number of equities research analysts have issued reports on STOR shares. SunTrust Banks set a $27.00 target price on STORE Capital and gave the stock a “buy” rating in a research report on Tuesday, April 3rd. Zacks Investment Research raised STORE Capital from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine raised STORE Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Capital One reaffirmed an “overweight” rating on shares of STORE Capital in a research report on Wednesday, March 14th. Finally, Wells Fargo decreased their target price on STORE Capital from $27.00 to $26.00 and set a “market perform” rating for the company in a research report on Tuesday, March 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. STORE Capital currently has an average rating of “Buy” and a consensus target price of $26.91.
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 1,921 property locations, substantially all of which are profit centers, in 48 states.
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