STORE Capital Corporation (STOR) Shares Sold by First Trust Advisors LP
First Trust Advisors LP lowered its stake in STORE Capital Corporation (NYSE:STOR) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,511 shares of the real estate investment trust’s stock after selling 19,317 shares during the quarter. First Trust Advisors LP owned about 0.07% of STORE Capital Corporation worth $2,616,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. increased its holdings in shares of STORE Capital Corporation by 28.7% in the 1st quarter. Prudential Financial Inc. now owns 1,850,589 shares of the real estate investment trust’s stock worth $44,193,000 after buying an additional 412,897 shares during the last quarter. Laurion Capital Management LP bought a new stake in shares of STORE Capital Corporation in the 1st quarter worth about $1,791,000. Dubuque Bank & Trust Co. bought a new stake in shares of STORE Capital Corporation in the 2nd quarter worth about $1,957,000. Principal Financial Group Inc. increased its holdings in shares of STORE Capital Corporation by 9.9% in the 1st quarter. Principal Financial Group Inc. now owns 9,948,918 shares of the real estate investment trust’s stock worth $237,690,000 after buying an additional 899,281 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of STORE Capital Corporation by 11.4% in the 1st quarter. Vanguard Group Inc. now owns 26,135,584 shares of the real estate investment trust’s stock worth $624,117,000 after buying an additional 2,679,671 shares during the last quarter.
STOR has been the topic of a number of research reports. Capital One Financial Corporation restated a “buy” rating and issued a $30.00 target price on shares of STORE Capital Corporation in a report on Friday, June 30th. Stifel Nicolaus cut their price target on shares of STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a report on Monday, May 15th. BTIG Research reiterated a “buy” rating and set a $28.00 price target on shares of STORE Capital Corporation in a report on Friday, June 30th. Zacks Investment Research upgraded shares of STORE Capital Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Mizuho upgraded shares of STORE Capital Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.50 to $27.00 in a report on Thursday, August 31st. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $27.59.
Shares of STORE Capital Corporation (NYSE:STOR) opened at 25.50 on Friday. The firm has a 50-day moving average of $24.32 and a 200 day moving average of $23.08. STORE Capital Corporation has a 52-week low of $19.65 and a 52-week high of $30.65. The stock has a market capitalization of $4.84 billion, a PE ratio of 25.71 and a beta of 0.24.
STORE Capital Corporation (NYSE:STOR) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.07. STORE Capital Corporation had a net margin of 38.71% and a return on equity of 5.98%. The company had revenue of $114.21 million for the quarter, compared to analyst estimates of $112.27 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. STORE Capital Corporation’s revenue was up 24.2% on a year-over-year basis. Equities research analysts forecast that STORE Capital Corporation will post $0.87 EPS for the current fiscal year.
In other STORE Capital Corporation news, Director William Franklin Hipp acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $25.18 per share, for a total transaction of $100,720.00. Following the completion of the acquisition, the director now owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.
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About STORE Capital Corporation
STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.
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