MML Investors Services LLC grew its position in shares of Store Capital Corp (NYSE:STOR) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,026 shares of the real estate investment trust’s stock after buying an additional 3,750 shares during the period. MML Investors Services LLC’s holdings in Store Capital were worth $1,307,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Forsta AP Fonden increased its position in shares of Store Capital by 1.7% in the first quarter. Forsta AP Fonden now owns 29,550 shares of the real estate investment trust’s stock worth $990,000 after purchasing an additional 500 shares during the period. US Bancorp DE increased its position in shares of Store Capital by 2.9% in the first quarter. US Bancorp DE now owns 20,382 shares of the real estate investment trust’s stock worth $683,000 after purchasing an additional 566 shares during the period. Suntrust Banks Inc. increased its position in shares of Store Capital by 1.0% in the fourth quarter. Suntrust Banks Inc. now owns 58,961 shares of the real estate investment trust’s stock worth $1,669,000 after purchasing an additional 610 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of Store Capital by 4.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 13,738 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 631 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Store Capital by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 83,960 shares of the real estate investment trust’s stock worth $2,811,000 after purchasing an additional 743 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

A number of research analysts recently commented on the company. BTIG Research raised their price target on Store Capital to $37.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Zacks Investment Research cut Store Capital from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Raymond James raised their price target on Store Capital from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Berenberg Bank assumed coverage on Store Capital in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $36.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $33.50.

NYSE:STOR traded up $0.29 during trading hours on Wednesday, hitting $34.67. The company’s stock had a trading volume of 21,213 shares, compared to its average volume of 1,608,830. The firm has a market capitalization of $7.85 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.52. Store Capital Corp has a twelve month low of $26.56 and a twelve month high of $35.08.

Store Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.26). The business had revenue of $156.60 million during the quarter, compared to analyst estimates of $152.22 million. Store Capital had a net margin of 37.19% and a return on equity of 5.83%. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period last year, the business earned $0.44 earnings per share. On average, analysts anticipate that Store Capital Corp will post 1.89 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Store Capital (NYSE:STOR)

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