Pioneer Investment Management Inc. decreased its stake in shares of STORE Capital Corporation (NYSE:STOR) by 37.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,200 shares of the real estate investment trust’s stock after selling 55,139 shares during the period. Pioneer Investment Management Inc.’s holdings in STORE Capital Corporation were worth $2,025,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its position in shares of 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 valued at $318,000 after buying an additional 367 shares during the last quarter. Quantitative Systematic Strategies LLC raised its position in shares of 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 valued at $621,000 after buying an additional 9,378 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of 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 valued at $2,493,000 after buying an additional 20,930 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of 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 valued at $17,979,000 after buying an additional 217,890 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of STORE Capital Corporation during the first quarter valued at about $355,000. 92.73% of the stock is currently owned by institutional investors.

STORE Capital Corporation (STOR) opened at 24.51 on Wednesday. STORE Capital Corporation has a 12-month low of $19.65 and a 12-month high of $30.65. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 24.71 and a beta of 0.25. The firm has a 50-day moving average of $23.23 and a 200 day moving average of $22.95.

STORE Capital Corporation (NYSE:STOR) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.07. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The firm had revenue of $114.21 million during the quarter, compared to analyst estimates of $112.27 million. During the same quarter in the previous year, the business posted $0.38 earnings per share. STORE Capital Corporation’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, analysts predict that STORE Capital Corporation will post $0.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.73%. STORE Capital Corporation’s payout ratio is 118.37%.

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STOR has been the topic of several research reports. Goldman Sachs Group, Inc. (The) raised shares of STORE Capital Corporation from a “buy” rating to a “conviction-buy” rating in a report on Thursday, April 20th. Stifel Nicolaus cut their price objective on shares of STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a report on Friday, May 5th. Wunderlich cut their price objective on shares of STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 5th. Ladenburg Thalmann Financial Services lowered shares of STORE Capital Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, May 10th. Finally, ValuEngine lowered shares of STORE Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. STORE Capital Corporation has a consensus rating of “Hold” and an average 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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