Honeywell International Inc. grew its stake in shares of STORE Capital Corporation (NYSE:STOR) by 27.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,105 shares of the real estate investment trust’s stock after buying an additional 6,105 shares during the period. Honeywell International Inc.’s holdings in STORE Capital Corporation were worth $699,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of STORE Capital Corporation by 7.5% during the third quarter. First Trust Advisors LP now owns 125,255 shares of the real estate investment trust’s stock valued at $3,115,000 after buying an additional 8,744 shares during the last quarter. Nationwide Fund Advisors raised its position in STORE Capital Corporation by 2.9% in the third quarter. Nationwide Fund Advisors now owns 588,814 shares of the real estate investment trust’s stock worth $14,644,000 after purchasing an additional 16,430 shares in the last quarter. Loeb Partners Corp acquired a new position in STORE Capital Corporation in the third quarter worth about $373,000. Graybill Bartz & Assoc Ltd. acquired a new position in STORE Capital Corporation in the third quarter worth about $2,358,000. Finally, Leith Wheeler Investment Counsel Ltd. acquired a new position in STORE Capital Corporation in the third quarter worth about $1,310,000.
In related news, Director William Franklin Hipp acquired 4,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of $25.18 per share, for a total transaction of $100,720.00. Following the transaction, the director now directly owns 18,499 shares in the company, valued at $465,804.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.
Several research analysts recently issued reports on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of STORE Capital Corporation in a research report on Wednesday, August 16th. Zacks Investment Research lowered shares of STORE Capital Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus increased their price target on shares of STORE Capital Corporation from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. FBR & Co assumed coverage on shares of STORE Capital Corporation in a research report on Monday, July 17th. They issued a “market perform” rating and a $24.00 price target for the company. Finally, TheStreet raised shares of STORE Capital Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. STORE Capital Corporation has a consensus rating of “Buy” and an average price target of $27.09.
Shares of STORE Capital Corporation (NYSE:STOR) opened at 24.69 on Wednesday. The company has a market capitalization of $4.68 billion, a PE ratio of 24.89 and a beta of 0.23. STORE Capital Corporation has a 1-year low of $19.65 and a 1-year high of $27.00. The stock’s 50 day moving average is $25.26 and its 200 day moving average is $23.44.
STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings data 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). The company had revenue of $114.21 million for the quarter, compared to analyst estimates 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 prior year, the company earned $0.38 earnings per share. On average, equities research analysts anticipate that STORE Capital Corporation will post $0.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.02%. This is a boost from STORE Capital Corporation’s previous quarterly dividend of $0.29. The ex-dividend date was Thursday, September 28th. STORE Capital Corporation’s dividend payout ratio is currently 126.53%.
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.
Want to see what other hedge funds are holding STOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STORE Capital Corporation (NYSE:STOR).
What are top analysts saying about STORE Capital Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for STORE Capital Corporation and related companies.