Loeb Partners Corp purchased a new position in shares of Store Capital Corp (NYSE:STOR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,000 shares of the real estate investment trust’s stock, valued at approximately $596,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC acquired a new position in Store Capital during the 4th quarter worth approximately $328,000. Strs Ohio boosted its stake in 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 purchasing an additional 24,452 shares during the period. Dearborn Partners LLC acquired a new stake in Store Capital during the 3rd quarter worth $5,245,000. Morgan Stanley raised its stake in 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 valued at $32,914,000 after acquiring an additional 158,338 shares during the last quarter. Finally, Barings LLC raised its stake in Store Capital by 42.1% during the 3rd quarter. Barings LLC now owns 966,725 shares of the real estate investment trust’s stock valued at $26,865,000 after acquiring an additional 286,353 shares during the last quarter. Institutional investors own 94.04% of the company’s stock.
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NYSE STOR opened at $32.51 on Friday. The stock has a market cap of $6.82 billion, a P/E ratio of 19.01, a PEG ratio of 3.40 and a beta of 0.31. Store Capital Corp has a 52-week low of $22.87 and a 52-week high of $32.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.37.
STOR has been the subject of several analyst reports. Zacks Investment Research downgraded Store Capital from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 31st. ValuEngine upgraded Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. Mizuho set a $34.00 price target on Store Capital and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, BMO Capital Markets set a $32.00 price target on Store Capital and gave the stock a “buy” rating in a research note on Thursday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $29.75.
In other Store Capital news, Director Joseph M. Donovan bought 3,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average cost of $29.53 per share, with a total value of $88,590.00. Following the purchase, the director now owns 50,820 shares in the company, valued at approximately $1,500,714.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.85% of the company’s stock.
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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 2,206 property locations, substantially all of which are profit centers, in 49 states.
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