Raymond James & Associates Has $5.44 Million Stake in Store Capital Corp (STOR)

Raymond James & Associates grew its position in Store Capital Corp (NYSE:STOR) by 35.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,052 shares of the real estate investment trust’s stock after acquiring an additional 50,712 shares during the period. Raymond James & Associates owned about 0.09% of Store Capital worth $5,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Opus Capital Group LLC boosted its holdings in shares of Store Capital by 1.9% during the 4th quarter. Opus Capital Group LLC now owns 98,258 shares of the real estate investment trust’s stock worth $2,782,000 after buying an additional 1,824 shares during the period. Enlightenment Research LLC bought a new stake in shares of Store Capital during the 4th quarter worth about $113,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Store Capital during the 4th quarter worth about $328,000. Strs Ohio boosted its holdings in shares of Store Capital by 8.9% during the 4th quarter. Strs Ohio now owns 298,570 shares of the real estate investment trust’s stock worth $8,452,000 after buying an additional 24,452 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Store Capital by 15.4% during the 3rd quarter. Morgan Stanley now owns 1,184,379 shares of the real estate investment trust’s stock worth $32,914,000 after buying an additional 158,338 shares during the period. 96.47% of the stock is owned by institutional investors.

NYSE STOR opened at $32.35 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 3.48 and a beta of 0.31. Store Capital Corp has a 12-month low of $24.04 and a 12-month high of $32.94.

Store Capital (NYSE:STOR) last posted its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.18). The business had revenue of $146.70 million during the quarter, compared to the consensus estimate of $143.83 million. Store Capital had a net margin of 40.12% and a return on equity of 6.25%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. On average, research analysts forecast that Store Capital Corp will post 1.88 EPS for the current fiscal year.

Several brokerages recently commented on STOR. Zacks Investment Research raised shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, January 15th. Mizuho set a $34.00 target price on shares of Store Capital and gave the stock a “buy” rating in a report on Wednesday, January 23rd. 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Store Capital has a consensus rating of “Buy” and an average price target of $30.75.

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Store Capital Company Profile

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

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