Crestline Management LP bought a new position in Store Capital Corp (NYSE:STOR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 189,589 shares of the real estate investment trust’s stock, valued at approximately $5,367,000. Store Capital makes up about 0.8% of Crestline Management LP’s holdings, making the stock its 11th largest position. Crestline Management LP owned about 0.09% of Store Capital as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc lifted its stake in shares of Store Capital by 3.9% in the third quarter. Vanguard Group Inc now owns 25,788,353 shares of the real estate investment trust’s stock worth $716,658,000 after buying an additional 965,052 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Store Capital by 3.0% during the fourth quarter. BlackRock Inc. now owns 13,433,566 shares of the real estate investment trust’s stock valued at $380,308,000 after purchasing an additional 392,372 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Store Capital by 3.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,359,692 shares of the real estate investment trust’s stock valued at $349,904,000 after purchasing an additional 436,334 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Store Capital by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,922,787 shares of the real estate investment trust’s stock valued at $82,746,000 after purchasing an additional 229,754 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 during the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.
Several research firms have recently weighed in on STOR. Zacks Investment Research raised shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Tuesday, January 15th. Raymond James set a $34.00 price objective on shares of Store Capital and gave the company a “buy” rating in a report on Thursday, February 28th. BMO Capital Markets set a $32.00 price objective on shares of Store Capital and gave the company a “buy” rating in a report on Monday, January 14th. Finally, Mizuho set a $34.00 price objective on shares of Store Capital and gave the company a “buy” rating in a report on Wednesday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Store Capital has an average rating of “Buy” and a consensus target price of $30.75.
Shares of STOR stock opened at $32.35 on Friday. Store Capital Corp has a 12 month low of $24.04 and a 12 month high of $32.94. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 3.48 and a beta of 0.31. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.37 and a quick ratio of 0.37.
Store Capital (NYSE:STOR) last announced its earnings results on Thursday, February 21st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.18). Store Capital had a net margin of 40.12% and a return on equity of 6.25%. The business had revenue of $146.70 million for the quarter, compared to analysts’ expectations of $143.83 million. During the same period in the prior year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, research analysts predict that Store Capital Corp will post 1.88 earnings per share for the current year.
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About Store Capital
STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. STORE Capital was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.
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