AMP Capital Investors Ltd Cuts Stake in Store Capital Corp (STOR)

AMP Capital Investors Ltd lessened its holdings in Store Capital Corp (NYSE:STOR) by 4.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,385 shares of the real estate investment trust’s stock after selling 14,164 shares during the quarter. AMP Capital Investors Ltd owned 0.14% of Store Capital worth $7,901,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in Store Capital by 145.0% during the first quarter. Wells Fargo & Company MN now owns 1,626,158 shares of the real estate investment trust’s stock worth $40,361,000 after buying an additional 962,442 shares during the last quarter. Rhumbline Advisers increased its holdings in Store Capital by 8.1% during the first quarter. Rhumbline Advisers now owns 196,577 shares of the real estate investment trust’s stock worth $4,879,000 after buying an additional 14,682 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Store Capital by 3.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 158,134 shares of the real estate investment trust’s stock worth $3,925,000 after buying an additional 5,437 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Store Capital by 75.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,672 shares of the real estate investment trust’s stock worth $712,000 after buying an additional 12,355 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in Store Capital by 662.1% during the first quarter. Prudential Financial Inc. now owns 66,300 shares of the real estate investment trust’s stock worth $1,646,000 after buying an additional 57,600 shares during the last quarter. 94.04% of the stock is currently owned by institutional investors and hedge funds.

STOR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Store Capital from a “buy” rating to a “hold” rating in a report on Friday, May 18th. LADENBURG THALM/SH SH restated a “hold” rating on shares of Store Capital in a report on Friday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $29.00 target price on shares of Store Capital in a report on Sunday, July 15th. Mizuho set a $30.00 price objective on shares of Store Capital and gave the company a “buy” rating in a report on Monday, August 13th. Finally, ValuEngine downgraded shares of Store Capital from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.17.

NYSE:STOR opened at $28.91 on Friday. Store Capital Corp has a one year low of $22.51 and a one year high of $29.52. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 3.32 and a beta of 0.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.36 and a current ratio of 0.36.

Store Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.13). Store Capital had a net margin of 37.26% and a return on equity of 5.60%. The company had revenue of $131.20 million during the quarter, compared to analyst estimates of $132.13 million. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Store Capital’s revenue for the quarter was up 14.9% on a year-over-year basis. analysts predict that Store Capital Corp will post 1.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.33 dividend. This is an increase from Store Capital’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, September 27th. Store Capital’s payout ratio is currently 72.51%.

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 2,084 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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