Monarch Partners Asset Management LLC cut its stake in shares of STORE Capital Corporation (NYSE:STOR) by 47.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 436,832 shares of the real estate investment trust’s stock after selling 391,029 shares during the period. Monarch Partners Asset Management LLC’s holdings in STORE Capital Corporation were worth $9,807,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of STORE Capital Corporation by 4.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,802 shares of the real estate investment trust’s stock valued at $579,000 after buying an additional 1,135 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of STORE Capital Corporation by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 737,597 shares of the real estate investment trust’s stock valued at $16,560,000 after buying an additional 9,707 shares during the period. HGI Capital Management LLC acquired a new position in shares of STORE Capital Corporation during the second quarter valued at approximately $2,222,000. Honeywell International Inc. acquired a new position in shares of STORE Capital Corporation during the second quarter valued at approximately $494,000. Finally, Sei Investments Co. raised its position in shares of STORE Capital Corporation by 34.1% in the second quarter. Sei Investments Co. now owns 595,011 shares of the real estate investment trust’s stock valued at $13,357,000 after buying an additional 151,341 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

STORE Capital Corporation (NYSE STOR) opened at 23.86 on Friday. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $30.65. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 24.05 and a beta of 0.25. The company’s 50-day moving average price is $23.00 and its 200 day moving average price is $22.99.

STORE Capital Corporation (NYSE:STOR) last posted 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 Zacks’ consensus estimate of $0.42 by $0.07. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The firm had revenue of $114.21 million for the quarter, compared to analysts’ expectations of $112.27 million. During the same period last year, the firm posted $0.38 EPS. STORE Capital Corporation’s revenue was up 24.2% on a year-over-year basis. On average, equities analysts expect that STORE Capital Corporation will post $0.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Wednesday, June 28th. STORE Capital Corporation’s dividend payout ratio (DPR) is presently 118.37%.

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Several brokerages have recently commented on STOR. TheStreet raised STORE Capital Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of STORE Capital Corporation in a research note on Thursday, August 3rd. BidaskClub raised STORE Capital Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. FBR & Co began coverage on STORE Capital Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $24.00 target price on the stock. Finally, Stifel Nicolaus reissued a “buy” rating and set a $25.50 target price on shares of STORE Capital Corporation in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.54.

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.

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

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