STORE Capital Corporation (STOR) Stake Boosted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its stake in shares of STORE Capital Corporation (NYSE:STOR) by 794.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,042 shares of the real estate investment trust’s stock after buying an additional 90,628 shares during the period. Tudor Investment Corp ET AL’s holdings in STORE Capital Corporation were worth $2,437,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Janus Capital Management LLC increased its position in shares of STORE Capital Corporation by 3.9% in the fourth quarter. Janus Capital Management LLC now owns 174,900 shares of the real estate investment trust’s stock valued at $4,322,000 after buying an additional 6,500 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of STORE Capital Corporation by 17.9% in the fourth quarter. GSA Capital Partners LLP now owns 14,053 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 2,133 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of STORE Capital Corporation by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 366,200 shares of the real estate investment trust’s stock valued at $9,049,000 after buying an additional 39,900 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of STORE Capital Corporation during the fourth quarter valued at $198,000. Finally, Allianz Asset Management AG increased its position in shares of STORE Capital Corporation by 63.0% in the fourth quarter. Allianz Asset Management AG now owns 171,699 shares of the real estate investment trust’s stock valued at $4,243,000 after buying an additional 66,361 shares during the last quarter.

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

STORE Capital Corporation (NYSE STOR) traded up 1.23% during midday trading on Thursday, reaching $20.50. The company had a trading volume of 1,892,719 shares. The firm has a 50-day moving average of $20.72 and a 200 day moving average of $23.43. The company has a market capitalization of $3.51 billion, a P/E ratio of 24.79 and a beta of 0.24. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $31.44.

STORE Capital Corporation (NYSE:STOR) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.22. STORE Capital Corporation had a net margin of 33.06% and a return on equity of 5.22%. The business had revenue of $108 million for the quarter, compared to analyst estimates of $105.51 million. During the same period in the prior year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 26.8% on a year-over-year basis. On average, equities research analysts forecast that STORE Capital Corporation will post $0.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Wednesday, June 28th. STORE Capital Corporation’s dividend payout ratio is currently 138.10%.

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STOR has been the subject of several analyst reports. Ladenburg Thalmann Financial Services set a $28.00 price target on STORE Capital Corporation and gave the company a “buy” rating in a report on Tuesday, February 28th. Stifel Nicolaus reduced their price target on STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating for the company in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) downgraded STORE Capital Corporation from a “conviction-buy” rating to a “buy” rating and reduced their price target for the company from $29.00 to $28.00 in a report on Saturday, April 22nd. BMO Capital Markets restated a “buy” rating and set a $28.00 price target on shares of STORE Capital Corporation in a report on Wednesday, March 22nd. Finally, ValuEngine downgraded STORE Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $29.70.

In other STORE Capital Corporation news, CFO Catherine F. Long bought 4,905 shares of STORE Capital Corporation stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average cost of $20.39 per share, with a total value of $100,012.95. Following the transaction, the chief financial officer now directly owns 149,992 shares of the company’s stock, valued at approximately $3,058,336.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark N. Sklar bought 5,000 shares of STORE Capital Corporation stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average cost of $20.34 per share, for a total transaction of $101,700.00. Following the completion of the transaction, the director now directly owns 7,144 shares in the company, valued at $145,308.96. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,905 shares of company stock worth $305,763 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

STORE Capital Corporation Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “STOR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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