Store Capital Corp (STOR) Stake Boosted by BlackRock Inc.

BlackRock Inc. grew its holdings in Store Capital Corp (NYSE:STOR) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 11,527,036 shares of the real estate investment trust’s stock after purchasing an additional 178,854 shares during the quarter. BlackRock Inc. owned about 0.06% of Store Capital worth $300,162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of STOR. American Century Companies Inc. increased its stake in shares of Store Capital by 95.3% in the 3rd quarter. American Century Companies Inc. now owns 1,440,772 shares of the real estate investment trust’s stock valued at $35,832,000 after purchasing an additional 703,094 shares during the last quarter. CI Investments Inc. bought a new position in shares of Store Capital in the 3rd quarter valued at $15,867,000. Advisory Research Inc. bought a new position in shares of Store Capital in the 4th quarter valued at $14,812,000. Artisan Partners Limited Partnership bought a new position in shares of Store Capital in the 3rd quarter valued at $10,533,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Store Capital in the 4th quarter valued at $10,747,000. Institutional investors own 93.73% of the company’s stock.

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Several equities analysts have recently issued reports on STOR shares. SunTrust Banks reiterated a “buy” rating and issued a $26.00 price target on shares of Store Capital in a research note on Monday, January 22nd. ValuEngine upgraded Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Robert W. Baird reiterated a “buy” rating on shares of Store Capital in a research note on Tuesday, February 27th. Zacks Investment Research upgraded Store Capital from a “sell” rating to a “hold” rating in a research note on Friday. Finally, B. Riley set a $26.00 price target on Store Capital and gave the company a “hold” rating in a research note on Friday, February 23rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $27.08.

In related news, Director Joseph M. Donovan bought 4,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $23.75 per share, with a total value of $95,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher H. Volk bought 4,250 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were bought at an average cost of $23.64 per share, for a total transaction of $100,470.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 12,475 shares of company stock worth $295,603. 0.90% of the stock is currently owned by company insiders.

Shares of Store Capital Corp (NYSE:STOR) opened at $24.69 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.64. Store Capital Corp has a twelve month low of $19.65 and a twelve month high of $26.58. The firm has a market capitalization of $4,690.00, a price-to-earnings ratio of 35.78, a P/E/G ratio of 2.82 and a beta of 0.16.

Store Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Store Capital had a return on equity of 5.35% and a net margin of 36.27%. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $114.90 million. During the same quarter last year, the business posted $0.40 EPS. Store Capital’s revenue for the quarter was up 17.6% on a year-over-year basis. research analysts forecast that Store Capital Corp will post 1.74 earnings per share for the current year.

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Store Capital Company Profile

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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Institutional Ownership by Quarter for Store Capital (NYSE:STOR)

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