Kempen Capital Management N.V. purchased a new position in shares of STORE Capital Corporation (NYSE:STOR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,425 shares of the real estate investment trust’s stock, valued at approximately $2,344,000. Kempen Capital Management N.V. owned approximately 0.06% of STORE Capital Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of STORE Capital Corporation by 11.4% during the first quarter. Vanguard Group Inc. now owns 26,135,584 shares of the real estate investment trust’s stock worth $624,117,000 after buying an additional 2,679,671 shares in the last quarter. FMR LLC increased its holdings in shares of STORE Capital Corporation by 5.9% during the first quarter. FMR LLC now owns 23,435,033 shares of the real estate investment trust’s stock worth $559,628,000 after buying an additional 1,306,532 shares in the last quarter. CI Global Investments Inc. increased its holdings in shares of STORE Capital Corporation by 154.8% during the second quarter. CI Global Investments Inc. now owns 12,744,954 shares of the real estate investment trust’s stock worth $286,124,000 after buying an additional 7,743,682 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of STORE Capital Corporation by 22.0% during the second quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock worth $272,516,000 after buying an additional 2,189,912 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of STORE Capital Corporation by 11.4% during the second quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock worth $254,025,000 after buying an additional 1,162,257 shares in the last quarter.

STORE Capital Corporation (NYSE STOR) traded up 0.47% during mid-day trading on Tuesday, reaching $25.86. The company had a trading volume of 275,985 shares. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 26.07 and a beta of 0.24. The firm has a 50-day moving average price of $24.80 and a 200 day moving average price of $23.12. STORE Capital Corporation has a 12-month low of $19.65 and a 12-month high of $30.65.

STORE Capital Corporation (NYSE:STOR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). The business had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $112.27 million. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. STORE Capital Corporation’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. Analysts expect that STORE Capital Corporation will post $0.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from STORE Capital Corporation’s previous quarterly dividend of $0.29. STORE Capital Corporation’s dividend payout ratio (DPR) is presently 118.37%.

Several research analysts have recently issued reports on STOR shares. TheStreet upgraded shares of STORE Capital Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. Capital One Financial Corporation reiterated a “buy” rating and set a $30.00 price target on shares of STORE Capital Corporation in a report on Friday, June 30th. BTIG Research reiterated a “buy” rating and set a $28.00 price target on shares of STORE Capital Corporation in a report on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and set a $25.50 price target on shares of STORE Capital Corporation in a report on Friday, July 14th. Finally, BidaskClub upgraded shares of STORE Capital Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.59.

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In other news, Director William Franklin Hipp acquired 4,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $25.18 per share, for a total transaction of $100,720.00. Following the completion of the transaction, the director now owns 18,499 shares of the company’s stock, valued at $465,804.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

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.

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

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