M&T Bank Corp lifted its holdings in shares of STORE Capital Corporation (NYSE:STOR) by 30.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,254 shares of the real estate investment trust’s stock after purchasing an additional 3,103 shares during the period. M&T Bank Corp’s holdings in STORE Capital Corporation were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of STORE Capital Corporation by 34.1% during the second quarter. American Century Companies Inc. now owns 737,678 shares of the real estate investment trust’s stock worth $16,561,000 after purchasing an additional 187,680 shares during the last quarter. Dubuque Bank & Trust Co. bought a new stake in shares of STORE Capital Corporation during the second quarter worth $1,957,000. Vanguard Group Inc. grew 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 purchasing an additional 2,679,671 shares during the last quarter. Principal Financial Group Inc. grew 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 purchasing an additional 2,189,912 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of STORE Capital Corporation by 0.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 102,170 shares of the real estate investment trust’s stock worth $2,440,000 after purchasing an additional 860 shares during the last quarter.

Several analysts have recently commented on the company. KeyCorp restated a “hold” rating on shares of STORE Capital Corporation in a report on Wednesday, October 4th. Mizuho upgraded STORE Capital Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.50 to $27.00 in a report on Thursday, August 31st. BidaskClub cut STORE Capital Corporation from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Zacks Investment Research upgraded STORE Capital Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of STORE Capital Corporation in a report on Wednesday, August 16th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.06.

In related news, Director William Franklin Hipp purchased 4,000 shares of STORE Capital Corporation 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 transaction, the director now 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 SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

STORE Capital Corporation (NYSE:STOR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The firm had revenue of $114.21 million during the quarter, compared to analyst estimates of $112.27 million. During the same period in the previous year, the company earned $0.38 EPS. STORE Capital Corporation’s revenue for the quarter was up 24.2% on a year-over-year basis.

The business 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 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from STORE Capital Corporation’s previous quarterly dividend of $0.29. STORE Capital Corporation’s payout ratio is 126.53%.

WARNING: “STORE Capital Corporation (STOR) Shares Bought by M&T Bank Corp” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/10/13/store-capital-corporation-stor-shares-bought-by-mt-bank-corp.html.

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.

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

Receive News & Stock Ratings for STORE Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STORE Capital Corporation and related stocks with our FREE daily email newsletter.