SG Americas Securities LLC lowered its position in Store Capital Corp (NYSE:STOR) by 22.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,338 shares of the real estate investment trust’s stock after selling 13,323 shares during the period. SG Americas Securities LLC’s holdings in Store Capital were worth $1,260,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Store Capital in the 2nd quarter valued at approximately $2,006,000. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Store Capital by 12.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 177,941 shares of the real estate investment trust’s stock valued at $4,876,000 after buying an additional 19,807 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Store Capital by 23.6% in the 2nd quarter. Wells Fargo & Company MN now owns 2,010,290 shares of the real estate investment trust’s stock valued at $55,082,000 after buying an additional 384,132 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Store Capital in the 2nd quarter valued at approximately $1,271,000. Finally, First Trust Advisors LP lifted its holdings in shares of Store Capital by 156.5% in the 2nd quarter. First Trust Advisors LP now owns 311,553 shares of the real estate investment trust’s stock valued at $8,537,000 after buying an additional 190,103 shares during the period. Institutional investors own 93.54% of the company’s stock.
NYSE STOR opened at $30.68 on Friday. Store Capital Corp has a 1-year low of $22.51 and a 1-year high of $30.87. The company has a market capitalization of $6.57 billion, a P/E ratio of 17.94, a PEG ratio of 3.53 and a beta of 0.08. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.56.
Store Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. Store Capital had a return on equity of 6.11% and a net margin of 39.17%. The firm had revenue of $137.00 million during the quarter, compared to the consensus estimate of $135.39 million. During the same period last year, the business posted $0.41 EPS. Store Capital’s quarterly revenue was up 24.0% on a year-over-year basis. On average, equities research analysts expect that Store Capital Corp will post 1.75 EPS for the current fiscal year.
Several analysts have 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 target for the company in a report on Monday, October 1st. BMO Capital Markets started coverage on Store Capital in a report on Tuesday, September 18th. They issued a “buy” rating and a $32.00 price target for the company. 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 company a “buy” rating in a research note on Monday, August 13th. Finally, Zacks Investment Research downgraded 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 issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $29.25.
In other news, Director Joseph M. Donovan acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was purchased at an average cost of $29.53 per share, with a total value of $88,590.00. Following the purchase, the director now directly owns 50,820 shares of the company’s stock, valued at approximately $1,500,714.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.85% of the company’s stock.
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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