Store Capital Corp (STOR) Holdings Lifted by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands grew its position in shares of Store Capital Corp (NYSE:STOR) by 143.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,000 shares of the real estate investment trust’s stock after buying an additional 23,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Store Capital were worth $1,307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Store Capital by 61.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,686,801 shares of the real estate investment trust’s stock valued at $74,667,000 after purchasing an additional 1,020,403 shares during the last quarter. Janus Henderson Group PLC grew its position in Store Capital by 59.0% during the 3rd quarter. Janus Henderson Group PLC now owns 202,964 shares of the real estate investment trust’s stock worth $5,640,000 after purchasing an additional 75,338 shares during the period. Bank of New York Mellon Corp grew its position in shares of Store Capital by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,295,686 shares of the real estate investment trust’s stock valued at $36,006,000 after acquiring an additional 67,206 shares during the period. Martingale Asset Management L P grew its position in shares of Store Capital by 143.2% during the 3rd quarter. Martingale Asset Management L P now owns 117,713 shares of the real estate investment trust’s stock valued at $3,272,000 after acquiring an additional 69,305 shares during the period. Finally, BlackRock Inc. grew its position in shares of Store Capital by 7.9% during the 3rd quarter. BlackRock Inc. now owns 13,041,194 shares of the real estate investment trust’s stock valued at $362,413,000 after acquiring an additional 951,919 shares during the period. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

STOR traded up $0.40 on Wednesday, reaching $32.89. 1,192,369 shares of the company traded hands, compared to its average volume of 1,673,408. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $7.44 billion, a PE ratio of 17.88, a PEG ratio of 3.42 and a beta of 0.31. Store Capital Corp has a 52-week low of $24.35 and a 52-week high of $34.10.

Store Capital (NYSE:STOR) last posted its earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.18). The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $143.83 million. Store Capital had a net margin of 40.12% and a return on equity of 6.25%. Store Capital’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. On average, equities analysts forecast that Store Capital Corp will post 1.88 earnings per share for the current fiscal year.

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, March 28th. Store Capital’s payout ratio is 71.74%.

Several analysts have recently commented on STOR shares. BMO Capital Markets set a $32.00 price target on shares of Store Capital and gave the company a “buy” rating in a research report on Monday, January 14th. 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. 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. Raymond James set a $34.00 price target on shares of Store Capital and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, BTIG Research lifted their price objective on shares of Store Capital to $37.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Store Capital presently has an average rating of “Buy” and a consensus price target of $33.25.

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Store Capital Company Profile

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

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