Vanguard Group Inc. lowered its stake in shares of STORE Capital Co. (NYSE:STOR) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,788,240 shares of the real estate investment trust’s stock after selling 4,016 shares during the quarter. Vanguard Group Inc. owned 0.13% of STORE Capital worth $1,200,542,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its holdings in STORE Capital by 581.1% in the second quarter. FMR LLC now owns 304,974 shares of the real estate investment trust’s stock valued at $10,525,000 after buying an additional 260,199 shares during the last quarter. Beck Capital Management LLC increased its holdings in STORE Capital by 1.8% in the second quarter. Beck Capital Management LLC now owns 119,159 shares of the real estate investment trust’s stock valued at $4,112,000 after buying an additional 2,120 shares during the last quarter. ProShare Advisors LLC increased its holdings in STORE Capital by 5.2% in the second quarter. ProShare Advisors LLC now owns 54,614 shares of the real estate investment trust’s stock valued at $1,885,000 after buying an additional 2,702 shares during the last quarter. Golden State Equity Partners purchased a new position in STORE Capital in the second quarter valued at $362,000. Finally, Profund Advisors LLC increased its holdings in STORE Capital by 22.0% in the second quarter. Profund Advisors LLC now owns 21,919 shares of the real estate investment trust’s stock valued at $756,000 after buying an additional 3,952 shares during the last quarter. 85.56% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on STOR. Raymond James lowered STORE Capital from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 18th. Mizuho upped their price objective on shares of STORE Capital from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, August 24th. Finally, BMO Capital Markets initiated coverage on shares of STORE Capital in a research note on Thursday, August 5th. They issued a “hold” rating and a $33.00 price objective for the company. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, STORE Capital currently has a consensus rating of “Hold” and an average target price of $35.90.
Shares of STOR opened at $33.47 on Thursday. STORE Capital Co. has a fifty-two week low of $25.23 and a fifty-two week high of $37.13. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 38.92 and a beta of 1.21. The firm has a 50-day simple moving average of $34.70 and a 200-day simple moving average of $34.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58.
STORE Capital (NYSE:STOR) last announced its earnings results on Thursday, August 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.23). STORE Capital had a return on equity of 4.60% and a net margin of 31.39%. Equities research analysts forecast that STORE Capital Co. will post 1.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a dividend of $0.385 per share. This is an increase from STORE Capital’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, September 29th. This represents a $1.54 annualized dividend and a dividend yield of 4.60%. STORE Capital’s dividend payout ratio is 84.15%.
About STORE Capital
STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. The company was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.
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