Colony Capital Inc. Makes New $745,000 Investment in Store Capital Corp (NYSE:STOR)
Colony Capital Inc. purchased a new position in shares of Store Capital Corp (NYSE:STOR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,000 shares of the real estate investment trust’s stock, valued at approximately $745,000.
Several other institutional investors have also bought and sold shares of STOR. AdvisorNet Financial Inc boosted its holdings in shares of Store Capital by 157.4% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,004 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 614 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Store Capital during the 3rd quarter worth approximately $41,000. Huntington National Bank boosted its holdings in shares of Store Capital by 262.8% during the 4th quarter. Huntington National Bank now owns 1,161 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 841 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Store Capital by 98.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 1,217 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 605 shares in the last quarter. Finally, Usca Ria LLC bought a new position in shares of Store Capital during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.
STOR has been the topic of a number of research reports. SunTrust Banks lowered Store Capital from a “buy” rating to a “hold” rating and lowered their target price for the stock from $41.00 to $39.00 in a research report on Wednesday, January 15th. BTIG Research lowered Store Capital from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Finally, Zacks Investment Research lowered Store Capital from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Store Capital presently has an average rating of “Hold” and an average price target of $38.38.
Shares of NYSE:STOR opened at $39.07 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.48. Store Capital Corp has a twelve month low of $31.34 and a twelve month high of $40.96. The stock’s 50 day moving average is $38.13 and its 200-day moving average is $37.91. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 3.96 and a beta of 0.19.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Monday, December 30th. Store Capital’s payout ratio is 76.09%.
Store Capital Profile
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,255 property locations, substantially all of which are profit centers, in 49 states.
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