Eagle Asset Management Inc. lowered its stake in STORE Capital Corporation (NYSE:STOR) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,797 shares of the real estate investment trust’s stock after selling 2,192 shares during the quarter. Eagle Asset Management Inc.’s holdings in STORE Capital Corporation were worth $1,319,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STOR. BlackRock Inc. lifted its stake in STORE Capital Corporation by 3,974.5% in the 1st quarter. BlackRock Inc. now owns 10,152,844 shares of the real estate investment trust’s stock worth $242,450,000 after purchasing an additional 9,903,666 shares in the last quarter. Wellington Management Group LLP lifted its stake in STORE Capital Corporation by 99.5% in the 1st quarter. Wellington Management Group LLP now owns 5,867,685 shares of the real estate investment trust’s stock worth $140,121,000 after purchasing an additional 2,926,539 shares in the last quarter. Vanguard Group Inc. lifted its stake in STORE Capital Corporation by 11.4% in the 1st quarter. Vanguard Group Inc. now owns 26,135,584 shares of the real estate investment trust’s stock worth $624,117,000 after purchasing an additional 2,679,671 shares in the last quarter. Principal Financial Group Inc. lifted its stake in STORE Capital Corporation 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 in the last quarter. Finally, FMR LLC lifted its stake in STORE Capital Corporation by 5.9% in the 1st quarter. FMR LLC now owns 23,435,033 shares of the real estate investment trust’s stock worth $559,628,000 after purchasing an additional 1,306,532 shares in the last quarter.

Shares of STORE Capital Corporation (NYSE STOR) opened at 25.89 on Tuesday. The stock’s 50 day moving average is $24.42 and its 200 day moving average is $23.06. STORE Capital Corporation has a 12 month low of $19.65 and a 12 month high of $30.65. The stock has a market capitalization of $4.91 billion, a PE ratio of 26.10 and a beta of 0.24.

STORE Capital Corporation (NYSE:STOR) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The business had revenue of $114.21 million during the quarter, compared to analysts’ expectations of $112.27 million. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Analysts anticipate that STORE Capital Corporation will post $0.87 earnings per share for the current fiscal year.

In other STORE Capital Corporation news, Director William Franklin Hipp purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $25.18 per share, with a total value of $100,720.00. Following the completion of the purchase, the director now owns 18,499 shares in the company, valued at approximately $465,804.82. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

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STOR has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating on the stock in a research note on Monday, May 15th. Wunderlich decreased their price target on shares of STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating on the stock in a research note on Monday, May 15th. ValuEngine cut shares of STORE Capital Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Mizuho cut shares of STORE Capital Corporation from a “buy” rating to a “neutral” rating and upped their target price for the company from $23.00 to $24.00 in a research report on Tuesday, June 27th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of STORE Capital Corporation in a research report on Tuesday, June 27th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.59.

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.

Institutional Ownership by Quarter for STORE Capital Corporation (NYSE:STOR)

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