STORE Capital Corporation (STOR) Downgraded by 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 equities analysts have also recently issued research reports about the company. TheStreet raised STORE Capital from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Robert W. Baird reissued a “buy” rating on shares of STORE Capital in a research report on Friday, October 20th. BidaskClub raised STORE Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Stifel Nicolaus boosted their price objective on STORE Capital from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Mizuho raised STORE Capital from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.50 to $27.00 in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $27.00.

Shares of STORE Capital (NYSE STOR) opened at $26.08 on Wednesday. STORE Capital has a 12-month low of $19.65 and a 12-month high of $26.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $4,963.22, a PE ratio of 15.36, a price-to-earnings-growth ratio of 3.23 and a beta of 0.22.

A number of institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in STORE Capital in the 3rd quarter valued at approximately $364,000. Delphi Management Inc. MA bought a new stake in shares of STORE Capital in the 3rd quarter valued at approximately $2,275,000. Moors & Cabot Inc. bought a new stake in shares of STORE Capital in the 3rd quarter valued at approximately $270,000. California Public Employees Retirement System grew its stake in shares of STORE Capital by 1.7% in the 3rd quarter. California Public Employees Retirement System now owns 313,177 shares of the real estate investment trust’s stock valued at $7,789,000 after purchasing an additional 5,277 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of STORE Capital by 61.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,840 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 3,378 shares during the period. 98.09% of the stock is owned by hedge funds and other institutional investors.

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About STORE Capital

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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