1st Global Advisors Inc. grew its position in shares of STORE Capital Corporation (NYSE:STOR) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,112 shares of the real estate investment trust’s stock after buying an additional 222 shares during the period. 1st Global Advisors Inc.’s holdings in STORE Capital Corporation were worth $541,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC increased its position in STORE Capital Corporation by 19.9% during the 2nd quarter. Penserra Capital Management LLC now owns 4,530 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 752 shares during the period. Public Employees Retirement Association of Colorado increased its position in STORE Capital Corporation by 12.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 580 shares during the period. The Manufacturers Life Insurance Company increased its position in STORE Capital Corporation by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 409 shares during the period. PNC Financial Services Group Inc. increased its position in STORE Capital Corporation by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 619 shares during the period. Finally, TCI Wealth Advisors Inc. increased its position in STORE Capital Corporation by 14.0% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 6,164 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 759 shares during the period.

Several research analysts have weighed in on the company. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a research report on Wednesday, August 16th. BidaskClub upgraded STORE Capital Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday. FBR & Co assumed coverage on STORE Capital Corporation in a research report on Monday, July 17th. They set a “market perform” rating and a $24.00 price objective on the stock. TheStreet upgraded STORE Capital Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus increased their price objective on STORE Capital Corporation from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $27.22.

STORE Capital Corporation (NYSE STOR) traded up 0.31% during mid-day trading on Tuesday, hitting $25.85. The stock had a trading volume of 236,590 shares. The stock has a market capitalization of $4.90 billion, a P/E ratio of 26.06 and a beta of 0.23. The company’s 50 day moving average is $25.35 and its 200-day moving average is $23.37. STORE Capital Corporation has a 52 week low of $19.65 and a 52 week high of $28.58.

STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $114.21 million for the quarter, compared to the consensus estimate of $112.27 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, analysts expect that STORE Capital Corporation will post $0.87 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.81%. This is a positive change from STORE Capital Corporation’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, September 28th. STORE Capital Corporation’s payout ratio is presently 126.53%.

In related news, Director William Franklin Hipp acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $25.18 per share, for a total transaction of $100,720.00. Following the purchase, the director now owns 18,499 shares in the company, valued at approximately $465,804.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

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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.

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

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