Raymond James Financial Services Advisors Inc. grew its stake in shares of Store Capital Corp (NYSE:STOR) by 13.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,641 shares of the real estate investment trust’s stock after acquiring an additional 3,820 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Store Capital were worth $824,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of STOR. American Century Companies Inc. raised its stake in shares of Store Capital by 95.3% during the third quarter. American Century Companies Inc. now owns 1,440,772 shares of the real estate investment trust’s stock valued at $35,832,000 after acquiring an additional 703,094 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Store Capital during the third quarter valued at approximately $15,867,000. Advisory Research Inc. bought a new stake in shares of Store Capital during the fourth quarter valued at approximately $14,812,000. Artisan Partners Limited Partnership bought a new stake in shares of Store Capital during the third quarter valued at approximately $10,533,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in shares of Store Capital during the fourth quarter valued at approximately $10,747,000. 94.19% of the stock is owned by hedge funds and other institutional investors.
Store Capital Corp (STOR) opened at $24.82 on Tuesday. The company has a market cap of $4,720.00, a P/E ratio of 35.97, a P/E/G ratio of 2.84 and a beta of 0.16. Store Capital Corp has a 12 month low of $19.65 and a 12 month high of $26.58. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.64.
Store Capital (NYSE:STOR) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Store Capital had a net margin of 36.27% and a return on equity of 5.35%. The business had revenue of $120.10 million for the quarter, compared to analyst estimates of $114.90 million. During the same period in the previous year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. analysts forecast that Store Capital Corp will post 1.74 EPS for the current fiscal year.
In other news, CFO Catherine F. Long purchased 4,225 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $23.70 per share, with a total value of $100,132.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph M. Donovan purchased 4,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $23.75 per share, for a total transaction of $95,000.00. The disclosure for this purchase can be found here. Insiders acquired 12,475 shares of company stock worth $295,603 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.
STOR has been the subject of several research analyst reports. ValuEngine raised shares of Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. SunTrust Banks reissued a “buy” rating and issued a $26.00 price objective on shares of Store Capital in a research note on Monday, January 22nd. B. Riley set a $26.00 price objective on shares of Store Capital and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Robert W. Baird reissued a “buy” rating on shares of Store Capital in a research note on Tuesday, February 27th. Finally, Zacks Investment Research raised shares of Store Capital from a “sell” rating to a “hold” rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $27.08.
TRADEMARK VIOLATION NOTICE: “Raymond James Financial Services Advisors Inc. Has $824,000 Holdings in Store Capital Corp (STOR)” was posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.thelincolnianonline.com/2018/03/13/raymond-james-financial-services-advisors-inc-has-824000-holdings-in-store-capital-corp-stor.html.
About Store Capital
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.
Want to see what other hedge funds are holding STOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Store Capital Corp (NYSE:STOR).
Receive News & Ratings for Store Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Store Capital and related companies with MarketBeat.com's FREE daily email newsletter.