Eii Capital Management Inc. decreased its stake in STORE Capital Corporation (NYSE:STOR) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 306,500 shares of the real estate investment trust’s stock after selling 15,350 shares during the period. STORE Capital Corporation comprises 2.3% of Eii Capital Management Inc.’s holdings, making the stock its 13th largest position. Eii Capital Management Inc. owned 0.18% of STORE Capital Corporation worth $6,881,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake 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 worth $101,000 after buying an additional 752 shares during the period. Public Employees Retirement Association of Colorado boosted its stake 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 worth $120,000 after buying an additional 580 shares during the period. PNC Financial Services Group Inc. boosted its stake 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 worth $136,000 after buying an additional 619 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of STORE Capital Corporation by 7,774.5% in the first quarter. Thompson Davis & CO. Inc. now owns 7,402 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 7,308 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of STORE Capital Corporation during the first quarter worth $201,000.

STORE Capital Corporation (NYSE:STOR) opened at 24.90 on Wednesday. The stock’s 50 day moving average is $23.73 and its 200-day moving average is $23.03. STORE Capital Corporation has a 52 week low of $19.65 and a 52 week high of $30.65. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 25.10 and a beta of 0.25.

STORE Capital Corporation (NYSE:STOR) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The company had revenue of $114.21 million for the quarter, compared to analyst estimates of $112.27 million. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company earned $0.38 EPS. On average, equities research analysts expect that STORE Capital Corporation will post $0.87 EPS for the current year.

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A number of equities research analysts recently weighed in on STOR shares. Wunderlich reduced their price target on shares of STORE Capital Corporation from $27.50 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 5th. Capital One Financial Corporation reissued a “buy” rating and issued a $30.00 price target on shares of STORE Capital Corporation in a research report on Friday, June 30th. Stifel Nicolaus reduced their price target on shares of STORE Capital Corporation from $27.50 to $25.50 and set a “buy” rating for the company in a research report on Friday, May 5th. Mizuho cut shares of STORE Capital Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the company from $23.00 to $24.00 in a research report on Tuesday, June 27th. Finally, Ladenburg Thalmann Financial Services cut shares of STORE Capital Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 10th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.32.

In related news, Director William Franklin Hipp purchased 4,000 shares of STORE Capital Corporation stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $25.18 per share, for a total transaction of $100,720.00. Following the transaction, the director now directly owns 18,499 shares in the company, valued at $465,804.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by corporate insiders.

About STORE Capital Corporation

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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