Henderson Group PLC Acquires 41,844 Shares of Store Capital Corp (STOR)

Henderson Group PLC raised its stake in Store Capital Corp (NYSE:STOR) by 9.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 474,643 shares of the real estate investment trust’s stock after buying an additional 41,844 shares during the period. Henderson Group PLC owned approximately 0.30% of Store Capital Corp worth $11,332,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in Store Capital Corp by 4.6% in the fourth quarter. FMR LLC now owns 22,128,501 shares of the real estate investment trust’s stock valued at $546,796,000 after buying an additional 972,062 shares during the last quarter. APG Asset Management US Inc. raised its position in Store Capital Corp by 4.6% in the first quarter. APG Asset Management US Inc. now owns 3,996,100 shares of the real estate investment trust’s stock valued at $95,427,000 after buying an additional 176,256 shares during the last quarter. AMP Capital Investors Ltd raised its position in Store Capital Corp by 483.5% in the third quarter. AMP Capital Investors Ltd now owns 2,584,944 shares of the real estate investment trust’s stock valued at $76,515,000 after buying an additional 2,141,900 shares during the last quarter. BlackRock Fund Advisors raised its position in Store Capital Corp by 58.3% in the third quarter. BlackRock Fund Advisors now owns 2,363,183 shares of the real estate investment trust’s stock valued at $69,643,000 after buying an additional 870,782 shares during the last quarter. Finally, Morgan Stanley raised its position in Store Capital Corp by 0.7% in the third quarter. Morgan Stanley now owns 2,276,821 shares of the real estate investment trust’s stock valued at $67,098,000 after buying an additional 15,719 shares during the last quarter.

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

Store Capital Corp (NYSE:STOR) opened at 20.56 on Monday. The company has a market capitalization of $3.52 billion, a P/E ratio of 24.86 and a beta of 0.23. The firm has a 50-day moving average price of $22.59 and a 200-day moving average price of $23.91. Store Capital Corp has a 1-year low of $19.65 and a 1-year high of $31.44.

Store Capital Corp (NYSE:STOR) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.22. The firm had revenue of $108 million during the quarter, compared to the consensus estimate of $105.51 million. Store Capital Corp had a return on equity of 5.22% and a net margin of 33.05%. The company’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, analysts forecast that Store Capital Corp will post $0.81 EPS for the current fiscal year.

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A number of research firms have recently commented on STOR. Wunderlich dropped their price target on Store Capital Corp from $27.50 to $25.00 and set a “buy” rating on the stock in a research report on Monday, May 15th. Stifel Nicolaus dropped their price target on Store Capital Corp from $27.50 to $25.50 and set a “buy” rating on the stock in a research report on Monday, May 15th. Ladenburg Thalmann Financial Services lowered Store Capital Corp from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 10th. Goldman Sachs Group Inc downgraded Store Capital Corp from a “conviction-buy” rating to a “buy” rating and decreased their price objective for the stock from $29.00 to $28.00 in a report on Saturday, April 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $28.00 price objective on shares of Store Capital Corp in a report on Wednesday, March 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.70.

In related news, CFO Catherine F. Long purchased 5,550 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was acquired at an average price of $22.52 per share, with a total value of $124,986.00. Following the completion of the acquisition, the chief financial officer now owns 145,087 shares in the company, valued at approximately $3,267,359.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Quentin P. Jr. Smith sold 1,400 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $23.06, for a total transaction of $32,284.00. Following the transaction, the director now directly owns 9,889 shares of the company’s stock, valued at approximately $228,040.34. The disclosure for this sale can be found here. Insiders have bought a total of 45,495 shares of company stock worth $999,531 over the last 90 days. Corporate insiders own 1.05% of the company’s stock.

Store Capital Corp Company Profile

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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