6,303 Shares in Store Capital Corp (NYSE:STOR) Purchased by Mackay Shields LLC

Mackay Shields LLC bought a new position in shares of Store Capital Corp (NYSE:STOR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,303 shares of the real estate investment trust’s stock, valued at approximately $236,000.

A number of other large investors have also recently added to or reduced their stakes in STOR. Financial Enhancement Group LLC increased its stake in Store Capital by 2.3% in the 2nd quarter. Financial Enhancement Group LLC now owns 320,066 shares of the real estate investment trust’s stock worth $10,623,000 after purchasing an additional 7,166 shares in the last quarter. AXA increased its stake in Store Capital by 3.1% in the 2nd quarter. AXA now owns 835,872 shares of the real estate investment trust’s stock worth $27,743,000 after purchasing an additional 25,176 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Store Capital by 1.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 72,819 shares of the real estate investment trust’s stock worth $2,417,000 after purchasing an additional 1,387 shares in the last quarter. AGF Investments LLC increased its stake in Store Capital by 21.8% in the 2nd quarter. AGF Investments LLC now owns 9,098 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 1,630 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Store Capital by 4.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,233,384 shares of the real estate investment trust’s stock worth $74,170,000 after purchasing an additional 102,414 shares in the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:STOR opened at $40.17 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.37 and a quick ratio of 0.37. Store Capital Corp has a fifty-two week low of $27.35 and a fifty-two week high of $40.78. The stock’s 50-day moving average is $38.67 and its two-hundred day moving average is $36.03. The stock has a market cap of $9.48 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 4.19 and a beta of 0.19.

Store Capital (NYSE:STOR) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Store Capital had a return on equity of 6.92% and a net margin of 44.09%. The company had revenue of $171.80 million for the quarter, compared to analysts’ expectations of $167.38 million. During the same quarter in the previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities research analysts anticipate that Store Capital Corp will post 1.91 earnings per share for the current year.

In other Store Capital news, Director Joseph M. Donovan bought 2,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $36.11 per share, with a total value of $72,220.00. Following the purchase, the director now directly owns 55,794 shares in the company, valued at approximately $2,014,721.34. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.

A number of equities analysts recently weighed in on STOR shares. BMO Capital Markets reissued a “buy” rating and issued a $35.00 price target on shares of Store Capital in a research note on Monday, August 5th. Zacks Investment Research cut Store Capital from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. ValuEngine cut Store Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank started coverage on Store Capital in a research note on Tuesday, August 27th. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Morgan Stanley lifted their price target on Store Capital from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $37.75.

Store Capital 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 2,255 property locations, substantially all of which are profit centers, in 49 states.

Further Reading: If I purchase shares through a brokerage account, am I the holder of record?

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

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