Crestline Management LP acquired a new stake in shares of Store Capital Corp (NYSE:STOR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 189,589 shares of the real estate investment trust’s stock, valued at approximately $5,367,000. Store Capital comprises 0.8% of Crestline Management LP’s investment portfolio, making the stock its 11th biggest holding.
A number of other hedge funds have also added to or reduced their stakes in the business. Altshuler Shaham Ltd bought a new stake in shares of Store Capital in the 4th quarter worth about $26,000. Pearl River Capital LLC bought a new stake in shares of Store Capital in the 4th quarter worth about $59,000. Enlightenment Research LLC bought a new stake in shares of Store Capital in the 4th quarter worth about $113,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Store Capital by 69.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,863 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 2,412 shares during the last quarter. Finally, Ffcm LLC lifted its holdings in shares of Store Capital by 255.7% in the 4th quarter. Ffcm LLC now owns 5,947 shares of the real estate investment trust’s stock worth $168,000 after acquiring an additional 4,275 shares during the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.
Several equities research analysts have recently issued reports on STOR shares. BMO Capital Markets set a $32.00 target price on shares of Store Capital and gave the stock a “buy” rating in a report on Monday, January 14th. Raymond James set a $34.00 target price on shares of Store Capital and gave the stock a “buy” rating in a report on Thursday, February 28th. Mizuho set a $34.00 price target on shares of Store Capital and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research raised shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, January 15th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.75.
Store Capital (NYSE:STOR) last posted its quarterly earnings results 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). The company had revenue of $146.70 million during the quarter, compared to analysts’ expectations of $143.83 million. Store Capital had a return on equity of 6.25% and a net margin of 40.12%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. On average, equities research analysts expect that Store Capital Corp will post 1.88 EPS for the current fiscal 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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