Cambridge Investment Research Advisors Inc. increased its stake in shares of Store Capital Corp (NYSE:STOR) by 64.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,981 shares of the real estate investment trust’s stock after acquiring an additional 9,790 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Store Capital were worth $707,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Sheaff Brock Investment Advisors LLC bought a new position in shares of Store Capital during the fourth quarter worth $328,000. Strs Ohio boosted its position in shares of Store Capital by 8.9% during the fourth quarter. Strs Ohio now owns 298,570 shares of the real estate investment trust’s stock worth $8,452,000 after acquiring an additional 24,452 shares during the last quarter. Morgan Stanley boosted its position in shares of Store Capital by 15.4% during the third quarter. Morgan Stanley now owns 1,184,379 shares of the real estate investment trust’s stock worth $32,914,000 after acquiring an additional 158,338 shares during the last quarter. First Hawaiian Bank boosted its position in shares of Store Capital by 5.0% during the fourth quarter. First Hawaiian Bank now owns 21,056 shares of the real estate investment trust’s stock worth $596,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Aviva PLC boosted its position in shares of Store Capital by 6.1% during the third quarter. Aviva PLC now owns 529,345 shares of the real estate investment trust’s stock worth $14,710,000 after acquiring an additional 30,411 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
Several equities analysts have commented on the stock. Mizuho set a $34.00 price objective on shares of Store Capital and gave the company a “buy” rating in a research report on Wednesday, January 23rd. BMO Capital Markets set a $32.00 price objective on shares of Store Capital and gave the company a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday, January 15th. Finally, Raymond James set a $34.00 price objective on shares of Store Capital and gave the company a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.75.
STOR stock opened at $32.47 on Friday. Store Capital Corp has a 52 week low of $23.61 and a 52 week high of $32.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $6.87 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 3.49 and a beta of 0.31.
Store Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.18). Store Capital had a net margin of 40.12% and a return on equity of 6.44%. The business had revenue of $146.70 million for the quarter, compared to the consensus estimate of $143.83 million. During the same quarter last year, the business earned $0.43 EPS. Store Capital’s revenue for the quarter was up 22.1% compared to the same quarter last year. Research analysts anticipate that Store Capital Corp will post 1.88 EPS for the current fiscal year.
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About Store Capital
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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