Teachers Retirement System of The State of Kentucky Has $8.21 Million Holdings in STORE Capital Co. (NYSE:STOR)


Share on StockTwits

Teachers Retirement System of The State of Kentucky increased its holdings in STORE Capital Co. (NYSE:STOR) by 57.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,655 shares of the real estate investment trust’s stock after buying an additional 87,716 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.09% of STORE Capital worth $8,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jeppson Wealth Management LLC acquired a new stake in shares of STORE Capital in the third quarter valued at approximately $27,000. JJJ Advisors Inc. raised its position in shares of STORE Capital by 477.8% in the fourth quarter. JJJ Advisors Inc. now owns 832 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 688 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of STORE Capital by 49.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,131 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 373 shares in the last quarter. Heritage Wealth Advisors raised its position in shares of STORE Capital by 31.3% in the fourth quarter. Heritage Wealth Advisors now owns 1,575 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 375 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of STORE Capital by 33.5% in the fourth quarter. Huntington National Bank now owns 1,834 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 460 shares in the last quarter. Institutional investors own 87.31% of the company’s stock.

NYSE STOR opened at $34.11 on Thursday. The firm’s fifty day moving average price is $33.29 and its two-hundred day moving average price is $31.27. The stock has a market cap of $9.09 billion, a PE ratio of 38.76 and a beta of 1.12. STORE Capital Co. has a fifty-two week low of $15.37 and a fifty-two week high of $35.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.53 and a current ratio of 0.53.

STORE Capital (NYSE:STOR) last issued its quarterly earnings data on Thursday, February 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.25). STORE Capital had a return on equity of 4.76% and a net margin of 31.33%. As a group, sell-side analysts predict that STORE Capital Co. will post 1.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 31st will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $1.44 annualized dividend and a dividend yield of 4.22%. STORE Capital’s dividend payout ratio is 72.36%.

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of STORE Capital from $29.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday. Raymond James boosted their price objective on shares of STORE Capital from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, March 16th. The Goldman Sachs Group began coverage on shares of STORE Capital in a research report on Friday, January 22nd. They set a “neutral” rating for the company. Truist boosted their price objective on shares of STORE Capital from $30.00 to $34.00 in a research report on Tuesday, March 16th. Finally, Wells Fargo & Company boosted their price objective on shares of STORE Capital from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, March 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.33.

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

Featured Story: How is net asset value different from market price?

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

Receive News & Ratings for STORE Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STORE Capital and related companies with MarketBeat.com's FREE daily email newsletter.