STORE Capital Corporation (STOR) Lowered to Sell at Zacks Investment Research

STORE Capital Corporation (NYSE:STOR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, November 8th.

According to Zacks, “STORE Capital Corporation is an internally managed net-lease real estate investment trust. It is engaged in the acquisition, investment and management of Single Tenant Operational Real Estate (STORE properties). The Company provides net-lease solutions principally to middle-market and larger companies that own STORE Properties. It invests in single-tenant real estate such as chain restaurants, supermarkets, health clubs, and education, retail, service, and distribution facilities. STORE Capital Corporation is based in Scottsdale, Arizona. “

Other research analysts also recently issued research reports about the company. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a report on Wednesday, August 16th. BidaskClub upgraded STORE Capital Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $25.50 price objective on shares of STORE Capital Corporation in a report on Friday, July 14th. TheStreet upgraded STORE Capital Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, FBR & Co initiated coverage on STORE Capital Corporation in a research note on Monday, July 17th. They set a “market perform” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. STORE Capital Corporation has a consensus rating of “Hold” and a consensus target price of $27.00.

STORE Capital Corporation (STOR) traded down $0.27 during mid-day trading on Wednesday, reaching $25.98. The company’s stock had a trading volume of 618,900 shares, compared to its average volume of 1,801,703. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4,990.00 and a price-to-earnings ratio of 15.44. STORE Capital Corporation has a 52 week low of $19.65 and a 52 week high of $26.35.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC grew its position in shares of STORE Capital Corporation by 19.9% in the second quarter. Penserra Capital Management LLC now owns 4,530 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 752 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of STORE Capital Corporation by 12.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 580 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of STORE Capital Corporation by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 409 shares during the period. PNC Financial Services Group Inc. grew its position in shares of STORE Capital Corporation by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 619 shares during the period. Finally, TCI Wealth Advisors Inc. grew its position in shares of STORE Capital Corporation by 14.0% in the second quarter. TCI Wealth Advisors Inc. now owns 6,164 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 759 shares during the period. 98.09% of the stock is owned by institutional investors.

STORE Capital Corporation 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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