Teachers Insurance & Annuity Association of America raised its holdings in shares of STORE Capital Corporation (NYSE:STOR) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,571 shares of the real estate investment trust’s stock after buying an additional 10,715 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.10% of STORE Capital Corporation worth $3,829,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STOR. BlackRock Inc. boosted its holdings in shares of STORE Capital Corporation by 3,974.5% in the first quarter. BlackRock Inc. now owns 10,152,844 shares of the real estate investment trust’s stock valued at $242,450,000 after purchasing an additional 9,903,666 shares during the period. CI Global Investments Inc. boosted its holdings in shares of STORE Capital Corporation by 154.8% in the second quarter. CI Global Investments Inc. now owns 12,744,954 shares of the real estate investment trust’s stock valued at $286,124,000 after purchasing an additional 7,743,682 shares during the period. Wellington Management Group LLP boosted its holdings in shares of STORE Capital Corporation by 99.5% in the first quarter. Wellington Management Group LLP now owns 5,867,685 shares of the real estate investment trust’s stock valued at $140,121,000 after purchasing an additional 2,926,539 shares during the period. Vanguard Group Inc. boosted its holdings in shares of STORE Capital Corporation by 11.4% in the first quarter. Vanguard Group Inc. now owns 26,135,584 shares of the real estate investment trust’s stock valued at $624,117,000 after purchasing an additional 2,679,671 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of STORE Capital Corporation by 22.0% in the second quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock valued at $272,516,000 after purchasing an additional 2,189,912 shares during the period.

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STORE Capital Corporation (NYSE:STOR) traded up 0.7277% during mid-day trading on Tuesday, reaching $25.9273. The company’s stock had a trading volume of 324,028 shares. The company’s 50-day moving average price is $24.80 and its 200 day moving average price is $23.12. STORE Capital Corporation has a 52 week low of $19.65 and a 52 week high of $30.65. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 26.1364 and a beta of 0.24.

STORE Capital Corporation (NYSE:STOR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $112.27 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s quarterly revenue was up 24.2% on a year-over-year basis. On average, equities analysts forecast that STORE Capital Corporation will post $0.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.82%. The ex-dividend date 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 currently 118.37%.

A number of analysts recently issued reports on the company. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a report on Wednesday, August 16th. TheStreet upgraded STORE Capital Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 3rd. FBR & Co assumed coverage on STORE Capital Corporation in a report on Monday, July 17th. They issued a “market perform” rating and a $24.00 price target for the company. ValuEngine lowered STORE Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub upgraded STORE Capital Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. STORE Capital Corporation presently has an average rating of “Buy” and an average price target of $27.59.

In other STORE Capital Corporation news, Director William Franklin Hipp purchased 4,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was bought at an average price of $25.18 per share, with a total value of $100,720.00. Following the transaction, the director now directly owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

STORE Capital Corporation 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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