STOR Stock Recent News
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In a move that few saw coming, the only real estate investment trust in Berkshire Hathaway's portfolio has agreed to be acquired.
The net lease REIT just agreed to sell itself for $14 billion, and investors have a right to be unhappy.
Three decades of dividend growth is just one reason I love this dividend stock.
We examine the impacts of STOR's buyout on the triple net REIT universe. The pricing of STORE Capital's buyout gives key info as to what is cheap and what is not.
STORE Capital is going private in a $14 billion deal with institutional investors. The trust's stock surged 20% Thursday, and investors may want to think about selling.
We specialize in REITs and high-quality dividend companies. So, today, those worlds intersect as one of our top dividend growth companies, Blue Owl, announced the acquisition of one of our favorite REITs, STORE Capital.
The REIT investor community has been taken by surprise when it was announced that the long-time favorite STORE Capital is getting acquired in a $14 billion all-cash deal. Management has reached an agreement with a GIC and Oak Street partnership, valuing the triple-net-lease REIT empire at a controversially low 14.26x P/FFO.
The buyout for STOR has received some criticism from investors feeling the price is too low. Shares aren't getting the premium we've seen in some buyouts, but the valuation is still better than where some peers are trading.
An all-cash deal is on the table for STORE Capital. The market appears to think a better deal can be had.
Store Capital (STOR) witnessed a jump in share price last session on above-average trading volume.