Creative Planning grew its holdings in Store Capital Corp (NYSE:STOR) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,237 shares of the real estate investment trust’s stock after purchasing an additional 803 shares during the period. Creative Planning’s holdings in Store Capital were worth $232,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Store Capital by 1.2% in the 2nd quarter. BlackRock Inc. now owns 13,878,838 shares of the real estate investment trust’s stock valued at $460,640,000 after purchasing an additional 158,489 shares during the period. PGGM Investments acquired a new position in shares of Store Capital in the 4th quarter valued at about $305,695,000. State Street Corp increased its holdings in shares of Store Capital by 3.6% in the 3rd quarter. State Street Corp now owns 6,414,600 shares of the real estate investment trust’s stock valued at $242,187,000 after purchasing an additional 221,615 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Store Capital by 53.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,996,088 shares of the real estate investment trust’s stock valued at $74,634,000 after purchasing an additional 691,779 shares during the period. Finally, Anchor Capital Advisors LLC increased its holdings in shares of Store Capital by 25.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 1,866,927 shares of the real estate investment trust’s stock valued at $69,524,000 after purchasing an additional 374,641 shares during the period. Institutional investors own 92.87% of the company’s stock.
STOR has been the topic of a number of research reports. Zacks Investment Research downgraded Store Capital from a “hold” rating to a “strong sell” rating in a report on Thursday, January 23rd. SunTrust Banks downgraded Store Capital from a “buy” rating to a “hold” rating and dropped their target price for the company from $41.00 to $39.00 in a report on Wednesday, January 15th. Finally, BTIG Research downgraded Store Capital from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.38.
In other news, Director Joseph M. Donovan purchased 10,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $37.30 per share, with a total value of $373,000.00. Insiders own 0.84% of the company’s stock.
Shares of NYSE STOR opened at $38.80 on Friday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.96 and a beta of 0.19. The business has a 50 day simple moving average of $38.16 and a 200 day simple moving average of $37.94. Store Capital Corp has a 52 week low of $31.34 and a 52 week high of $40.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.37 and a current ratio of 0.37.
Store Capital Company Profile
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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