WINTON GROUP Ltd Invests $286,000 in Store Capital Corp (STOR) Stock

WINTON GROUP Ltd bought a new stake in Store Capital Corp (NYSE:STOR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,287 shares of the real estate investment trust’s stock, valued at approximately $286,000.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in Store Capital by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 138,364 shares of the real estate investment trust’s stock valued at $3,791,000 after buying an additional 2,729 shares during the period. LSV Asset Management acquired a new stake in shares of Store Capital during the second quarter worth about $257,000. State of Wisconsin Investment Board raised its position in shares of Store Capital by 146.8% during the second quarter. State of Wisconsin Investment Board now owns 84,276 shares of the real estate investment trust’s stock worth $2,309,000 after purchasing an additional 50,122 shares during the period. Centersquare Investment Management LLC raised its position in shares of Store Capital by 27.0% during the second quarter. Centersquare Investment Management LLC now owns 2,051,424 shares of the real estate investment trust’s stock worth $56,209,000 after purchasing an additional 435,959 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Store Capital during the second quarter worth about $2,006,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

NYSE STOR opened at $29.17 on Friday. The stock has a market cap of $6.21 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 3.34 and a beta of 0.07. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.56. Store Capital Corp has a one year low of $22.51 and a one year high of $30.23.

Store Capital (NYSE:STOR) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. The company had revenue of $137.00 million for the quarter, compared to analyst estimates of $135.39 million. Store Capital had a return on equity of 6.11% and a net margin of 39.17%. Store Capital’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Research analysts anticipate that Store Capital Corp will post 1.75 earnings per share for the current fiscal year.

STOR has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH reaffirmed a “hold” rating on shares of Store Capital in a research report on Friday, August 3rd. Zacks Investment Research lowered Store Capital from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Mizuho set a $30.00 price target on Store Capital and gave the stock a “buy” rating in a research report on Monday, August 13th. BMO Capital Markets initiated coverage on Store Capital in a research report on Tuesday, September 18th. They set a “buy” rating and a $32.00 price target on the stock. Finally, Morgan Stanley raised Store Capital from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Monday, October 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.25.

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

Further Reading: Cost of Equity

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

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