Signaturefd LLC Acquires 678 Shares of STORE Capital Co. (NYSE:STOR)

Signaturefd LLC raised its position in STORE Capital Co. (NYSE:STOR – Get Rating) by 28.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,032 shares of the real estate investment trust’s stock after acquiring an additional 678 shares during the period. Signaturefd LLC’s holdings in STORE Capital were worth $89,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in STOR. Sageworth Trust Co of South Dakota acquired a new position in STORE Capital in the 4th quarter valued at approximately $25,000. North Star Investment Management Corp. raised its holdings in STORE Capital by 100.0% in the 4th quarter. North Star Investment Management Corp. now owns 1,000 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 500 shares in the last quarter. Baldwin Brothers LLC MA acquired a new position in shares of STORE Capital in the 1st quarter worth approximately $35,000. Clearview Wealth Advisors LLC raised its holdings in shares of STORE Capital by 61.4% in the 4th quarter. Clearview Wealth Advisors LLC now owns 1,340 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 510 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of STORE Capital in the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 86.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STOR. Truist Financial dropped their target price on STORE Capital from $32.00 to $31.00 in a report on Friday, June 3rd. Morgan Stanley cut STORE Capital from an “equal weight” rating to an “underweight” rating and set a $25.00 target price for the company. in a report on Tuesday, July 12th. StockNews.com began coverage on STORE Capital in a report on Thursday, March 31st. They issued a “hold” rating for the company. Jefferies Financial Group dropped their target price on STORE Capital from $29.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Finally, Evercore ISI set a $32.00 price target on STORE Capital in a research report on Monday, June 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, STORE Capital has an average rating of “Hold” and an average price target of $29.50.

STORE Capital Stock Up 0.4 %

NYSE STOR opened at $28.07 on Thursday. The firm has a market cap of $7.88 billion, a PE ratio of 25.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.40 and a quick ratio of 0.40. The stock’s 50 day simple moving average is $26.73 and its 200 day simple moving average is $28.79. STORE Capital Co. has a one year low of $24.48 and a one year high of $37.13.

STORE Capital (NYSE:STOR – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $222.12 million for the quarter, compared to analyst estimates of $212.11 million. STORE Capital had a return on equity of 5.65% and a net margin of 36.52%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. As a group, sell-side analysts forecast that STORE Capital Co. will post 2.18 earnings per share for the current fiscal year.

STORE Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $0.385 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $1.54 dividend on an annualized basis and a yield of 5.49%. STORE Capital’s payout ratio is 138.74%.

STORE Capital Profile

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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 more than 2,500 property locations across the United States, substantially all of which are profit centers.