Ameriprise Financial Inc. Has $13.27 Million Position in Store Capital Corp (STOR)
Ameriprise Financial Inc. decreased its holdings in Store Capital Corp (NYSE:STOR) by 53.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 533,528 shares of the real estate investment trust’s stock after selling 607,423 shares during the quarter. Ameriprise Financial Inc. owned 0.28% of Store Capital worth $13,270,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Store Capital by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 26,355,624 shares of the real estate investment trust’s stock worth $591,684,000 after purchasing an additional 220,040 shares during the period. Berkshire Hathaway Inc. acquired a new position in Store Capital in the 2nd quarter worth about $418,057,000. CI Global Investments Inc. raised its holdings in Store Capital by 154.8% in the 2nd quarter. CI Global Investments Inc. now owns 12,744,954 shares of the real estate investment trust’s stock worth $286,124,000 after purchasing an additional 7,743,682 shares during the period. Principal Financial Group Inc. raised its holdings in Store Capital by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock worth $272,516,000 after purchasing an additional 2,189,912 shares during the period. Finally, BlackRock Inc. raised its holdings in Store Capital by 11.4% in the 2nd quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock worth $254,025,000 after purchasing an additional 1,162,257 shares during the period. 95.68% of the stock is owned by institutional investors.
A number of equities analysts recently weighed in on STOR shares. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Store Capital in a report on Monday, November 6th. B. Riley set a $26.00 target price on Store Capital and gave the company a “hold” rating in a report on Wednesday, November 15th. Mizuho raised Store Capital from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.50 to $27.00 in a report on Thursday, August 31st. Zacks Investment Research cut Store Capital from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, BidaskClub cut Store Capital from a “hold” rating to a “sell” rating in a report on Sunday, October 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Store Capital currently has an average rating of “Buy” and an average target price of $27.00.
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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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