Thrivent Financial for Lutherans grew its holdings in shares of Store Capital Corp (NYSE:STOR) by 129.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 456,017 shares of the real estate investment trust’s stock after buying an additional 257,302 shares during the quarter. Thrivent Financial for Lutherans owned 0.19% of Store Capital worth $16,982,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in STOR. Huntington National Bank grew its stake in Store Capital by 262.8% during the fourth quarter. Huntington National Bank now owns 1,161 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 841 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Store Capital by 132.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,184 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 675 shares during the period. FinTrust Capital Advisors LLC boosted its stake in shares of Store Capital by 98.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,217 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 605 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Store Capital by 121.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,236 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 677 shares during the period. Finally, Great Diamond Partners LLC purchased a new position in shares of Store Capital in the fourth quarter valued at $56,000. Institutional investors own 91.89% of the company’s stock.
STOR has been the subject of several analyst reports. SunTrust Banks downgraded shares of Store Capital from a “buy” rating to a “hold” rating and decreased their target price for the company from $41.00 to $39.00 in a research note on Wednesday, January 15th. Zacks Investment Research upgraded shares of Store Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, BTIG Research downgraded shares of Store Capital from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $38.38.
Shares of STOR stock traded up $0.96 on Friday, hitting $27.11. The stock had a trading volume of 4,194,653 shares, compared to its average volume of 2,995,340. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 13.21 and a beta of 0.40. The stock’s 50 day moving average is $36.48 and its 200-day moving average is $37.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.50 and a current ratio of 0.50. Store Capital Corp has a 52-week low of $25.00 and a 52-week high of $40.96.
Store Capital (NYSE:STOR) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.22). The firm had revenue of $173.46 million during the quarter, compared to analysts’ expectations of $172.70 million. Store Capital had a net margin of 42.81% and a return on equity of 6.74%. Store Capital’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. Equities analysts expect that Store Capital Corp will post 2.02 earnings per share for the current year.
In related news, Director Joseph M. Donovan purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $33.35 per share, with a total value of $100,050.00. Following the completion of the acquisition, the director now directly owns 68,794 shares of the company’s stock, valued at approximately $2,294,279.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tawn Kelley purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $31.90 per share, for a total transaction of $31,900.00. Following the completion of the acquisition, the director now directly owns 3,737 shares of the company’s stock, valued at $119,210.30. The disclosure for this purchase can be found here. Insiders purchased 18,485 shares of company stock worth $565,972 over the last ninety days. 0.84% of the stock is currently owned by corporate insiders.
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 2,255 property locations, substantially all of which are profit centers, in 49 states.
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