Virtu Financial LLC Buys Shares of 13,363 Store Capital Corp (STOR)
Virtu Financial LLC bought a new stake in Store Capital Corp (NYSE:STOR) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 13,363 shares of the real estate investment trust’s stock, valued at approximately $448,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in Store Capital by 328.6% during the 4th quarter. Millennium Management LLC now owns 3,606,817 shares of the real estate investment trust’s stock worth $102,109,000 after purchasing an additional 2,765,268 shares during the period. Deutsche Bank AG boosted its stake in Store Capital by 40.2% during the 4th quarter. Deutsche Bank AG now owns 6,630,688 shares of the real estate investment trust’s stock worth $187,711,000 after purchasing an additional 1,899,969 shares during the period. Norges Bank acquired a new stake in Store Capital during the 4th quarter worth $49,165,000. PGGM Investments acquired a new stake in Store Capital during the 4th quarter worth $43,311,000. Finally, CI Investments Inc. acquired a new stake in Store Capital during the 4th quarter worth $31,372,000. 97.25% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. BTIG Research increased their price target on shares of Store Capital to $37.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Raymond James set a $34.00 price target on shares of Store Capital and gave the stock a “buy” rating in a research note on Thursday, February 28th. Mizuho set a $34.00 price target on shares of Store Capital and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, January 15th. Finally, BMO Capital Markets set a $32.00 target price on shares of Store Capital and gave the stock a “buy” rating in a research note on Monday, January 14th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $32.86.
Store Capital (NYSE:STOR) last released its earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.18). Store Capital had a return on equity of 6.25% and a net margin of 40.12%. The firm had revenue of $146.70 million during the quarter, compared to analyst estimates of $143.83 million. During the same quarter last year, the business posted $0.43 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, research analysts expect that Store Capital Corp will post 1.88 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 28th. Store Capital’s dividend payout ratio (DPR) is presently 71.74%.
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About Store Capital
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 2,255 property locations, substantially all of which are profit centers, in 49 states.
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