Nisa Investment Advisors LLC bought a new position in shares of Store Capital Corp (NYSE:STOR) during the first quarter, according to its most recent filing with the SEC. The fund bought 20,450 shares of the real estate investment trust’s stock, valued at approximately $685,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Resolution Capital Ltd purchased a new stake in Store Capital in the first quarter worth approximately $51,625,000. Northpointe Capital LLC boosted its stake in Store Capital by 8.0% in the first quarter. Northpointe Capital LLC now owns 134,845 shares of the real estate investment trust’s stock worth $4,517,000 after buying an additional 9,988 shares in the last quarter. Virtu Financial LLC purchased a new stake in Store Capital in the first quarter worth approximately $448,000. Mercer Global Advisors Inc. ADV purchased a new stake in Store Capital in the first quarter worth approximately $264,000. Finally, Randolph Co Inc boosted its stake in Store Capital by 0.6% in the first quarter. Randolph Co Inc now owns 272,923 shares of the real estate investment trust’s stock worth $9,143,000 after buying an additional 1,583 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.
STOR traded up $0.20 during trading on Wednesday, reaching $34.23. The stock had a trading volume of 1,467,546 shares, compared to its average volume of 1,624,254. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.52. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 3.60 and a beta of 0.30. Store Capital Corp has a one year low of $25.85 and a one year high of $34.27.
Store Capital (NYSE:STOR) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.26). The firm had revenue of $156.60 million during the quarter, compared to the consensus estimate of $152.22 million. Store Capital had a return on equity of 5.83% and a net margin of 37.19%. Store Capital’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. On average, analysts predict that Store Capital Corp will post 1.89 EPS for the current year.
STOR has been the subject of several research reports. Berenberg Bank assumed coverage on Store Capital in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $36.00 target price for the company. BTIG Research boosted their price objective on Store Capital to $37.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Raymond James set a $34.00 price objective on Store Capital and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Mizuho set a $34.00 price objective on Store Capital and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $33.50.
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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 2,255 property locations, substantially all of which are profit centers, in 49 states.
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