First Trust Advisors LP Has $7.28 Million Stake in Store Capital Corp (NYSE:STOR)

First Trust Advisors LP decreased its position in Store Capital Corp (NYSE:STOR) by 48.7% in the third quarter, HoldingsChannel reports. The firm owned 194,653 shares of the real estate investment trust’s stock after selling 184,774 shares during the period. First Trust Advisors LP’s holdings in Store Capital were worth $7,282,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Enhancement Group LLC boosted 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 during the period. AXA boosted 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 during the period. Public Employees Retirement System of Ohio boosted 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 during the period. AGF Investments LLC boosted 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 during the period. Finally, JPMorgan Chase & Co. boosted 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 during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on STOR shares. Deutsche Bank started coverage on shares of Store Capital in a research note on Tuesday, August 27th. They issued a “buy” rating and a $40.00 price objective for the company. ValuEngine lowered shares of Store Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Raymond James set a $39.00 price objective on shares of Store Capital and gave the stock a “buy” rating in a research note on Monday, August 26th. Zacks Investment Research lowered shares of Store Capital from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Store Capital in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Store Capital currently has an average rating of “Buy” and a consensus target price of $37.75.

In related news, Director Joseph M. Donovan bought 2,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $2,014,721.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.84% of the company’s stock.

Shares of NYSE:STOR opened at $40.17 on Tuesday. The firm has a fifty day moving average of $38.67 and a two-hundred day moving average of $36.03. The firm has a market capitalization of $9.48 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 4.19 and a beta of 0.19. Store Capital Corp has a 12-month low of $27.35 and a 12-month high of $40.78. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.48.

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

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

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

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