Store Capital Corp (NYSE:STOR) has been given an average rating of “Buy” by the seventeen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $26.80.
Several brokerages recently weighed in on STOR. BidaskClub raised Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. B. Riley set a $26.00 target price on Store Capital and gave the company a “hold” rating in a research note on Wednesday, November 15th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Store Capital in a research note on Monday, November 6th. Zacks Investment Research upgraded Store Capital from a “sell” rating to a “hold” rating in a research report on Saturday, October 14th. Finally, Stifel Nicolaus increased their price target on Store Capital from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, October 16th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Berkshire Hathaway Inc. purchased a new stake in shares of Store Capital during the 2nd quarter worth about $418,057,000. Jane Street Group LLC purchased a new stake in shares of Store Capital during the 3rd quarter worth about $329,000. Highbridge Capital Management LLC raised its stake in shares of Store Capital by 13.6% during the 3rd quarter. Highbridge Capital Management LLC now owns 117,000 shares of the real estate investment trust’s stock worth $2,910,000 after purchasing an additional 14,000 shares in the last quarter. State Street Corp raised its stake in shares of Store Capital by 10.1% during the 2nd quarter. State Street Corp now owns 3,217,856 shares of the real estate investment trust’s stock worth $72,242,000 after purchasing an additional 295,070 shares in the last quarter. Finally, Loeb Partners Corp purchased a new stake in shares of Store Capital during the 3rd quarter worth about $373,000. 95.67% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Thursday, December 28th. Store Capital’s dividend payout ratio (DPR) is presently 185.07%.
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About Store Capital
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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