Store Capital Corp (STOR) Shares Bought by Highbridge Capital Management LLC
Highbridge Capital Management LLC boosted its holdings in Store Capital Corp (NYSE:STOR) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,000 shares of the real estate investment trust’s stock after acquiring an additional 14,000 shares during the period. Highbridge Capital Management LLC owned 0.06% of Store Capital worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jane Street Group LLC bought a new stake in Store Capital in the 3rd quarter valued at $329,000. First Republic Investment Management Inc. bought a new stake in Store Capital in the 3rd quarter valued at $246,000. Asset Management One Co. Ltd. raised its stake in Store Capital by 8.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 393,726 shares of the real estate investment trust’s stock valued at $9,770,000 after acquiring an additional 30,356 shares during the period. Private Advisor Group LLC bought a new stake in Store Capital in the 3rd quarter valued at $225,000. Finally, Stifel Financial Corp raised its stake in Store Capital by 13.0% in the 3rd quarter. Stifel Financial Corp now owns 498,139 shares of the real estate investment trust’s stock valued at $12,408,000 after acquiring an additional 57,359 shares during the period. Institutional investors and hedge funds own 95.68% of the company’s stock.
Store Capital Corp (NYSE STOR) traded up $0.42 during mid-day trading on Thursday, reaching $26.17. The company’s stock had a trading volume of 1,388,400 shares, compared to its average volume of 1,743,279. 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 company has a market cap of $4,950.00, a PE ratio of 15.15, a price-to-earnings-growth ratio of 3.20 and a beta of 0.24. Store Capital Corp has a 1 year low of $19.65 and a 1 year high of $26.58.
A number of equities research analysts recently weighed in on STOR shares. Robert W. Baird restated a “buy” rating on shares of Store Capital in a research note on Friday, October 20th. Zacks Investment Research cut Store Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. BidaskClub cut Store Capital from a “hold” rating to a “sell” rating in a research note on Sunday, October 29th. KeyCorp restated a “hold” rating on shares of Store Capital in a research note on Wednesday, October 4th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Store Capital in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.00.
Store Capital 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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