Cambridge Investment Research Advisors Inc. increased its stake in STORE Capital (NYSE:STOR) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,709 shares of the real estate investment trust’s stock after acquiring an additional 2,245 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in STORE Capital were worth $331,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in STORE Capital by 189.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,096 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 2,681 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in STORE Capital by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 409 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in STORE Capital during the 4th quarter valued at $201,000. Renaissance Technologies LLC bought a new stake in STORE Capital during the 4th quarter valued at $211,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in STORE Capital by 61.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,840 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 3,378 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.
NYSE STOR opened at $24.66 on Monday. STORE Capital has a 1 year low of $19.65 and a 1 year high of $26.58. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $4,761.90, a PE ratio of 14.42, a PEG ratio of 2.80 and a beta of 0.12.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Wednesday, March 28th. STORE Capital’s dividend payout ratio (DPR) is currently 72.51%.
STOR has been the subject of a number of recent research reports. SunTrust Banks set a $27.00 price target on shares of STORE Capital and gave the company a “buy” rating in a research note on Tuesday, April 3rd. ValuEngine upgraded shares of STORE Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Robert W. Baird reiterated a “buy” rating on shares of STORE Capital in a research note on Tuesday, February 27th. B. Riley set a $26.00 target price on shares of STORE Capital and gave the stock a “hold” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of STORE Capital from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. STORE Capital currently has an average rating of “Buy” and an average target price of $26.91.
In related news, CFO Catherine F. Long purchased 4,225 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $23.70 per share, with a total value of $100,132.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher H. Volk purchased 4,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average cost of $23.64 per share, for a total transaction of $100,470.00. The disclosure for this purchase can be found here. Insiders purchased a total of 12,475 shares of company stock worth $295,603 over the last three months. 0.90% of the stock is owned by insiders.
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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 1,921 property locations, substantially all of which are profit centers, in 48 states.
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