Store Capital Corp (STOR) Shares Bought by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America lifted its stake in shares of Store Capital Corp (NYSE:STOR) by 2.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 236,679 shares of the real estate investment trust’s stock after purchasing an additional 6,528 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Store Capital were worth $6,577,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Store Capital by 6.5% in the second quarter. Janney Montgomery Scott LLC now owns 149,547 shares of the real estate investment trust’s stock valued at $4,098,000 after acquiring an additional 9,134 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Store Capital by 438.2% in the second quarter. BNP Paribas Arbitrage SA now owns 199,083 shares of the real estate investment trust’s stock valued at $5,455,000 after acquiring an additional 162,092 shares during the period. Northpointe Capital LLC acquired a new stake in shares of Store Capital in the second quarter valued at approximately $3,530,000. Presima Inc. acquired a new stake in shares of Store Capital in the second quarter valued at approximately $2,271,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Store Capital by 17.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,583,058 shares of the real estate investment trust’s stock valued at $317,376,000 after acquiring an additional 1,711,289 shares during the period. Institutional investors own 89.95% of the company’s stock.

Shares of NYSE STOR opened at $29.17 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.37. Store Capital Corp has a 1-year low of $22.51 and a 1-year high of $30.23. The firm has a market cap of $6.17 billion, a P/E ratio of 17.06, a P/E/G ratio of 3.33 and a beta of 0.07.

Store Capital (NYSE:STOR) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Store Capital had a return on equity of 6.11% and a net margin of 39.17%. The firm had revenue of $137.00 million during the quarter, compared to the consensus estimate of $135.39 million. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, sell-side analysts predict that Store Capital Corp will post 1.74 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on STOR shares. Morgan Stanley raised Store Capital from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Monday, October 1st. BMO Capital Markets started coverage on Store Capital in a report on Tuesday, September 18th. They issued a “buy” rating and a $32.00 price objective for the company. Zacks Investment Research downgraded Store Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. ValuEngine raised Store Capital from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. Finally, Mizuho set a $30.00 price objective on Store Capital and gave the company a “buy” rating in a report on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.25.

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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 2,084 property locations, substantially all of which are profit centers, in 49 states.

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Want to see what other hedge funds are holding STOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Store Capital Corp (NYSE:STOR).

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

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