GAM Holding AG Boosts Position in STORE Capital Corporation (NYSE:STOR)

GAM Holding AG grew its position in shares of STORE Capital Corporation (NYSE:STOR) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,507 shares of the real estate investment trust’s stock after buying an additional 1,700 shares during the quarter. GAM Holding AG’s holdings in STORE Capital Corporation were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in STORE Capital Corporation by 1.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,667 shares of the real estate investment trust’s stock worth $589,000 after purchasing an additional 450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in STORE Capital Corporation by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,079 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 497 shares during the period. Public Employees Retirement Association of Colorado raised its position in STORE Capital Corporation by 12.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 580 shares during the period. PNC Financial Services Group Inc. raised its position in STORE Capital Corporation by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 619 shares during the period. Finally, Amalgamated Bank raised its position in STORE Capital Corporation by 3.4% in the first quarter. Amalgamated Bank now owns 21,678 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 708 shares during the period.

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Several research analysts have weighed in on STOR shares. ValuEngine downgraded shares of STORE Capital Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Mizuho downgraded shares of STORE Capital Corporation from a “buy” rating to a “neutral” rating and increased their price target for the stock from $23.00 to $24.00 in a research report on Tuesday, June 27th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of STORE Capital Corporation in a research report on Tuesday, June 27th. BidaskClub upgraded shares of STORE Capital Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, BTIG Research restated a “buy” rating and set a $28.00 price objective on shares of STORE Capital Corporation in a research report on Friday, June 30th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.59.

STORE Capital Corporation (STOR) opened at 25.48 on Friday. STORE Capital Corporation has a 52 week low of $19.65 and a 52 week high of $30.65. The stock has a market capitalization of $4.83 billion, a PE ratio of 25.69 and a beta of 0.24. The firm has a 50 day moving average of $24.87 and a 200-day moving average of $23.14.

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 the Zacks’ consensus estimate of $0.42 by ($0.07). The firm had revenue of $114.21 million for 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%. The firm’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 firm posted $0.38 EPS. On average, equities analysts predict that STORE Capital Corporation will post $0.87 EPS for the current year.

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 issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 4.87%. 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 is currently 118.37%.

In related news, Director William Franklin Hipp purchased 4,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of $25.18 per share, for a total transaction of $100,720.00. Following the acquisition, the director now directly owns 18,499 shares in the company, valued at $465,804.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is owned by corporate 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.

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

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