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These dividend stocks can help replace the income lost from this acquisition.
GIC and Oak Street announced they are buying STORE Capital (STOR) for $14 billion. This is why.
Singaporean sovereign fund GIC and Oak Street on Thursday agreed to acquire real estate investment trust Store Capital Corp. in an all-cash deal valued at about $14 billion, sending the REIT's shares up about 20%.
The REIT agrees to be acquired by institutional investor GCI and real estate investment firm Oak Street.
Store Capital Corp. STOR, -1.18% , a Scottsdale, Ariz.-based real estate investment trust, said Thursday it has agreed to be acquired by Singaporean sovereign fund GIC and Oak Street in an all-cash deal valued at about $14 billion.
These dividend stocks can turn idle cash into an attractive income stream.
There's some good in store for patient investors looking to capitalize now for long-term gain.
STORE Capital's valuation has gotten more attractive. This triggers further study.
Despite historically high inflation, the Oracle of Omaha has sold shares of these supercharged income stocks, which are yielding between 3.9% and 5.8%.
STORE Capital is a top investment trust for income investors. The trust is growing its portfolio and funds from operations via acquisitions.