Credit Suisse AG Sells 26,314 Shares of Store Capital Corp (STOR)

Credit Suisse AG trimmed its position in shares of Store Capital Corp (NYSE:STOR) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 445,366 shares of the real estate investment trust’s stock after selling 26,314 shares during the quarter. Credit Suisse AG owned approximately 0.21% of Store Capital worth $12,376,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in STOR. JPMorgan Chase & Co. boosted its stake in shares of Store Capital by 61.2% during the third quarter. JPMorgan Chase & Co. now owns 2,686,801 shares of the real estate investment trust’s stock valued at $74,667,000 after purchasing an additional 1,020,403 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Store Capital by 7.9% in the third quarter. BlackRock Inc. now owns 13,041,194 shares of the real estate investment trust’s stock worth $362,413,000 after acquiring an additional 951,919 shares during the period. Millennium Management LLC lifted its stake in shares of Store Capital by 576.7% in the second quarter. Millennium Management LLC now owns 973,228 shares of the real estate investment trust’s stock worth $26,666,000 after acquiring an additional 829,409 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of Store Capital by 27.0% in the second quarter. Centersquare Investment Management LLC now owns 2,051,424 shares of the real estate investment trust’s stock worth $56,209,000 after acquiring an additional 435,959 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Store Capital by 223.3% in the second quarter. Renaissance Technologies LLC now owns 567,400 shares of the real estate investment trust’s stock worth $15,547,000 after acquiring an additional 391,900 shares during the period. 93.54% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on STOR shares. Morgan Stanley raised Store Capital from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, October 1st. BMO Capital Markets started coverage on Store Capital in a research note on Tuesday, September 18th. They issued a “buy” rating and a $32.00 price objective on the stock. ValuEngine raised Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Mizuho set a $30.00 price objective on Store Capital and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, Zacks Investment Research lowered Store Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $29.25.

Store Capital stock opened at $30.68 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $6.40 billion, a P/E ratio of 17.94, a P/E/G ratio of 3.44 and a beta of 0.08. Store Capital Corp has a one year low of $22.51 and a one year high of $30.87.

Store Capital (NYSE:STOR) last issued its earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. The business had revenue of $137.00 million during the quarter, compared to the consensus estimate of $135.39 million. Store Capital had a return on equity of 6.11% and a net margin of 39.17%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Equities analysts predict that Store Capital Corp will post 1.75 earnings per share for the current fiscal year.

In other Store Capital news, Director Joseph M. Donovan bought 3,000 shares of the stock in a transaction on Wednesday, November 28th. The stock was acquired at an average cost of $29.53 per share, for a total transaction of $88,590.00. Following the completion of the acquisition, the director now owns 50,820 shares in the company, valued at approximately $1,500,714.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

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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 2,206 property locations, substantially all of which are profit centers, in 49 states.

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

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