Genesee Capital Advisors LLC Buys Shares of 24,313 STORE Capital Co. (NYSE:STOR)

Genesee Capital Advisors LLC purchased a new stake in STORE Capital Co. (NYSE:STOR) in the third quarter, HoldingsChannel reports. The firm purchased 24,313 shares of the real estate investment trust’s stock, valued at approximately $779,000.

Several other hedge funds also recently made changes to their positions in STOR. PGGM Investments increased its stake in shares of STORE Capital by 119.4% in the 2nd quarter. PGGM Investments now owns 2,675,133 shares of the real estate investment trust’s stock valued at $92,319,000 after acquiring an additional 1,455,711 shares during the last quarter. State Street Corp increased its stake in shares of STORE Capital by 4.6% in the 2nd quarter. State Street Corp now owns 10,863,498 shares of the real estate investment trust’s stock valued at $378,808,000 after acquiring an additional 474,952 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of STORE Capital by 68.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,000,082 shares of the real estate investment trust’s stock valued at $34,513,000 after acquiring an additional 405,051 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of STORE Capital by 21.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,889,152 shares of the real estate investment trust’s stock valued at $65,195,000 after acquiring an additional 337,620 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of STORE Capital by 138.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 457,324 shares of the real estate investment trust’s stock valued at $15,320,000 after acquiring an additional 265,226 shares during the last quarter. 85.17% of the stock is owned by institutional investors.

A number of analysts have recently commented on the company. BMO Capital Markets assumed coverage on STORE Capital in a research note on Thursday, August 5th. They issued a “hold” rating and a $33.00 price target for the company. Mizuho increased their target price on STORE Capital from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 24th. Zacks Investment Research raised STORE Capital from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday. Finally, Raymond James cut STORE Capital from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 18th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, STORE Capital currently has an average rating of “Hold” and an average price target of $35.90.

Shares of STOR opened at $34.26 on Thursday. The stock has a market capitalization of $9.34 billion, a P/E ratio of 36.84 and a beta of 1.21. STORE Capital Co. has a twelve month low of $30.02 and a twelve month high of $37.13. The company has a 50 day moving average of $33.96 and a 200-day moving average of $34.85. The company has a quick ratio of 0.58, a current ratio of 0.44 and a debt-to-equity ratio of 0.51.

STORE Capital (NYSE:STOR) last issued its quarterly earnings results on Thursday, November 4th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.21). The business had revenue of $199.13 million for the quarter, compared to the consensus estimate of $199.33 million. STORE Capital had a return on equity of 4.71% and a net margin of 33.24%. STORE Capital’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. On average, sell-side analysts anticipate that STORE Capital Co. will post 1.88 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Thursday, September 30th were paid a dividend of $0.385 per share. This is a boost from STORE Capital’s previous quarterly dividend of $0.36. This represents a $1.54 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Wednesday, September 29th. STORE Capital’s dividend payout ratio (DPR) is currently 165.59%.

In other news, Director Joseph M. Donovan sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $35.92, for a total transaction of $179,600.00. Following the completion of the transaction, the director now directly owns 80,581 shares of the company’s stock, valued at approximately $2,894,469.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by company insiders.

STORE Capital Company Profile

STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. The company was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.

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Institutional Ownership by Quarter for STORE Capital (NYSE:STOR)

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