NGAM Advisors L.P. increased its position in shares of STORE Capital Corporation (NYSE:STOR) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,371 shares of the real estate investment trust’s stock after buying an additional 3,177 shares during the period. NGAM Advisors L.P.’s holdings in STORE Capital Corporation were worth $3,443,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of STOR. Metropolitan Life Insurance Co. NY raised its stake in STORE Capital Corporation by 2.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,867 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 367 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in STORE Capital Corporation by 56.6% in the first quarter. Quantitative Systematic Strategies LLC now owns 25,959 shares of the real estate investment trust’s stock worth $621,000 after buying an additional 9,378 shares during the last quarter. State of Alaska Department of Revenue raised its stake in STORE Capital Corporation by 25.1% in the first quarter. State of Alaska Department of Revenue now owns 104,430 shares of the real estate investment trust’s stock worth $2,493,000 after buying an additional 20,930 shares during the last quarter. Nationwide Fund Advisors raised its stake in STORE Capital Corporation by 40.7% in the first quarter. Nationwide Fund Advisors now owns 752,909 shares of the real estate investment trust’s stock worth $17,979,000 after buying an additional 217,890 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in STORE Capital Corporation during the first quarter worth approximately $355,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of STORE Capital Corporation (NYSE:STOR) opened at 23.90 on Thursday. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 28.90 and a beta of 0.25. The firm has a 50-day moving average price of $22.90 and a 200-day moving average price of $22.98. STORE Capital Corporation has a 52 week low of $19.65 and a 52 week high of $30.65.

STORE Capital Corporation (NYSE:STOR) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.07. The business had revenue of $114.21 million for the quarter, compared to analyst estimates of $112.27 million. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 6.32%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. On average, equities analysts expect that STORE Capital Corporation will post $0.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Wednesday, June 28th. STORE Capital Corporation’s payout ratio is 118.37%.

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A number of analysts recently commented on STOR shares. Goldman Sachs Group, Inc. (The) raised STORE Capital Corporation from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, April 20th. Stifel Nicolaus decreased their price objective on STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a research note on Friday, May 5th. Wunderlich decreased their price objective on STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 5th. Ladenburg Thalmann Financial Services lowered STORE Capital Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 10th. Finally, ValuEngine lowered STORE Capital Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $27.54.

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

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