Utah Retirement Systems lifted its position in shares of STORE Capital Corporation (NYSE:STOR) by 11.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,200 shares of the real estate investment trust’s stock after buying an additional 3,300 shares during the quarter. Utah Retirement Systems’ holdings in STORE Capital Corporation were worth $723,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STOR. Penserra Capital Management LLC lifted its stake in STORE Capital Corporation by 19.9% in the 2nd quarter. Penserra Capital Management LLC now owns 4,530 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 752 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in STORE Capital Corporation by 12.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 580 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in STORE Capital Corporation by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 619 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in STORE Capital Corporation in the 1st quarter worth $201,000. Finally, SG Americas Securities LLC lifted its stake in STORE Capital Corporation by 12.1% in the 2nd quarter. SG Americas Securities LLC now owns 9,607 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 1,040 shares in the last quarter.
STORE Capital Corporation (NYSE STOR) opened at 25.72 on Wednesday. The company’s 50-day moving average is $24.46 and its 200 day moving average is $23.08. The company has a market capitalization of $4.88 billion, a P/E ratio of 25.93 and a beta of 0.24. STORE Capital Corporation has a one year low of $19.65 and a one year high of $30.65.
STORE Capital Corporation (NYSE:STOR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The firm had revenue of $114.21 million for the quarter, compared to analysts’ expectations of $112.27 million. During the same period last year, the firm earned $0.38 earnings per share. STORE Capital Corporation’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, equities analysts anticipate that STORE Capital Corporation will post $0.87 earnings per share for the current year.
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Several analysts have commented on the stock. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a research note on Wednesday, August 16th. TheStreet upgraded shares of STORE Capital Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. FBR & Co assumed coverage on shares of STORE Capital Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $24.00 price target on the stock. ValuEngine cut shares of STORE Capital Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of STORE Capital Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $27.59.
In other news, Director William Franklin Hipp bought 4,000 shares of STORE Capital Corporation stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $25.18 per share, with a total value of $100,720.00. Following the completion of the purchase, the director now directly owns 18,499 shares of the company’s stock, valued at $465,804.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.
About STORE Capital Corporation
STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.
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