TCI Wealth Advisors Inc. Has $138,000 Position in STORE Capital Corporation (STOR)

TCI Wealth Advisors Inc. boosted its holdings in STORE Capital Corporation (NYSE:STOR) by 14.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,164 shares of the real estate investment trust’s stock after acquiring an additional 759 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in STORE Capital Corporation were worth $138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of STOR. Penserra Capital Management LLC increased its stake in STORE Capital Corporation by 19.9% in the second quarter. Penserra Capital Management LLC now owns 4,530 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 752 shares during the period. Public Employees Retirement Association of Colorado increased its stake in STORE Capital Corporation by 12.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 580 shares during the period. PNC Financial Services Group Inc. increased its stake in STORE Capital Corporation by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 619 shares during the period. Ffcm LLC increased its stake in STORE Capital Corporation by 304.0% in the second quarter. Ffcm LLC now owns 7,418 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 5,582 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in STORE Capital Corporation in the first quarter valued at about $201,000.

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In related news, Director William Franklin Hipp purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $25.18 per share, with a total value of $100,720.00. Following the acquisition, the director now owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

STORE Capital Corporation (NYSE:STOR) traded down 0.3178% during trading on Friday, reaching $25.8476. 192,605 shares of the company’s stock were exchanged. STORE Capital Corporation has a 52-week low of $19.65 and a 52-week high of $30.65. The firm has a market cap of $4.90 billion, a P/E ratio of 26.0560 and a beta of 0.24. The stock’s 50 day moving average price is $24.67 and its 200 day moving average price is $23.13.

STORE Capital Corporation (NYSE:STOR) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.07). The company had revenue of $114.21 million for the quarter, compared to the consensus estimate of $112.27 million. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that STORE Capital Corporation will post $0.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from STORE Capital Corporation’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 4.78%. STORE Capital Corporation’s payout ratio is 118.37%.

STOR has been the topic of a number of analyst reports. Capital One Financial Corporation reissued a “buy” rating and issued a $30.00 target price on shares of STORE Capital Corporation in a research note on Friday, June 30th. Zacks Investment Research raised shares of STORE Capital Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BTIG Research reissued a “buy” rating and issued a $28.00 target price on shares of STORE Capital Corporation in a research note on Friday, June 30th. Mizuho raised shares of STORE Capital Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $23.50 to $27.00 in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of STORE Capital Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $27.59.

About STORE Capital Corporation

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.

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

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