STORE Capital Co. (NYSE:STOR) Shares Purchased by Pictet Asset Management SA

Pictet Asset Management SA lifted its position in STORE Capital Co. (NYSE:STORGet Rating) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,186 shares of the real estate investment trust’s stock after acquiring an additional 4,821 shares during the period. Pictet Asset Management SA’s holdings in STORE Capital were worth $2,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STOR. State Street Corp grew its position in STORE Capital by 14.6% during the 1st quarter. State Street Corp now owns 13,489,656 shares of the real estate investment trust’s stock worth $399,391,000 after purchasing an additional 1,723,090 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of STORE Capital during the 1st quarter valued at about $35,418,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of STORE Capital by 360.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,466,195 shares of the real estate investment trust’s stock valued at $38,238,000 after acquiring an additional 1,147,812 shares during the period. Capital World Investors grew its position in shares of STORE Capital by 60.6% during the 1st quarter. Capital World Investors now owns 2,200,000 shares of the real estate investment trust’s stock valued at $64,306,000 after acquiring an additional 830,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of STORE Capital during the 1st quarter valued at about $21,224,000. 81.43% of the stock is owned by institutional investors and hedge funds.

STORE Capital Trading Up 0.3 %

STOR opened at $31.83 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.30 and a quick ratio of 0.30. The company’s 50 day simple moving average is $31.41 and its two-hundred day simple moving average is $28.68. STORE Capital Co. has a 1-year low of $24.48 and a 1-year high of $34.99. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 27.44 and a beta of 0.95.

STORE Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Friday, September 30th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.15%. This is a positive change from STORE Capital’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, September 29th. STORE Capital’s dividend payout ratio (DPR) is 141.38%.

Analysts Set New Price Targets

STOR has been the topic of a number of analyst reports. Truist Financial dropped their target price on STORE Capital to $30.00 in a research report on Tuesday, September 6th. Morgan Stanley raised their target price on STORE Capital from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Wednesday, November 2nd. StockNews.com initiated coverage on STORE Capital in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Berenberg Bank cut STORE Capital from a “buy” rating to a “hold” rating and dropped their target price for the company from $37.00 to $33.00 in a research report on Friday, September 16th. Finally, Stifel Nicolaus lowered shares of STORE Capital from a “buy” rating to a “hold” rating and decreased their price target for the company from $36.50 to $32.25 in a research note on Friday, September 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.28.

About STORE Capital

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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 more than 2,500 property locations across the United States, substantially all of which are profit centers.

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

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