Pensionfund Sabic grew its holdings in Store Capital Corp (NYSE:STOR) by 166.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,000 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the period. Pensionfund Sabic’s holdings in Store Capital were worth $536,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in Store Capital during the fourth quarter worth about $26,000. Pearl River Capital LLC acquired a new stake in Store Capital during the fourth quarter worth about $59,000. Bronfman E.L. Rothschild L.P. increased its position in Store Capital by 40.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 3,530 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 1,017 shares during the last quarter. Enlightenment Research LLC acquired a new stake in Store Capital during the fourth quarter worth about $113,000. Finally, SevenBridge Financial Group LLC acquired a new stake in Store Capital during the third quarter worth about $166,000. Institutional investors and hedge funds own 97.25% of the company’s stock.
STOR stock traded up $0.40 during mid-day trading on Wednesday, hitting $32.89. 1,192,369 shares of the company were exchanged, compared to its average volume of 1,673,408. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $7.44 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.42 and a beta of 0.31. Store Capital Corp has a 12-month low of $24.35 and a 12-month high of $34.10.
The firm 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 annualized dividend 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 equities research analysts recently issued reports on STOR shares. Mizuho set a $34.00 price objective on shares of Store Capital and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Raymond James set a $34.00 price objective on shares of Store Capital and gave the stock a “buy” rating in a research report on Thursday, February 28th. 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. BTIG Research increased their target price on shares of Store Capital to $37.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Berenberg Bank assumed coverage on shares of Store Capital in a research note on Tuesday. They set a “buy” rating and a $36.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus 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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