Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in Store Capital Corp (STOR)
Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Store Capital Corp (NYSE:STOR) by 11.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 64,854 shares of the real estate investment trust’s stock after buying an additional 6,847 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Store Capital were worth $1,802,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new stake in Store Capital in the second quarter valued at approximately $117,000. Centaurus Financial Inc. acquired a new stake in Store Capital in the second quarter valued at approximately $151,000. Engineers Gate Manager LP acquired a new stake in Store Capital in the second quarter valued at approximately $200,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Store Capital in the second quarter valued at approximately $207,000. Finally, FCA Corp TX acquired a new stake in Store Capital in the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 93.54% of the company’s stock.
In other news, Director Joseph M. Donovan acquired 3,000 shares of Store Capital stock in a transaction that occurred on Wednesday, November 28th. The shares were purchased at an average cost of $29.53 per share, for a total transaction of $88,590.00. Following the completion of the purchase, the director now directly owns 50,820 shares of the company’s stock, valued at approximately $1,500,714.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.85% of the company’s stock.
STOR stock opened at $30.05 on Wednesday. Store Capital Corp has a twelve month low of $22.51 and a twelve month high of $30.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $6.38 billion, a PE ratio of 17.57, a P/E/G ratio of 3.44 and a beta of 0.08.
Store Capital (NYSE:STOR) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Store Capital had a return on equity of 6.11% and a net margin of 39.17%. The firm had revenue of $137.00 million for the quarter, compared to analysts’ expectations of $135.39 million. During the same period last year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, analysts anticipate that Store Capital Corp will post 1.75 EPS for the current year.
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Store Capital Company Profile
STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name. STORE Capital is one of the largest and fastest growing net-lease REITs and owns a large, well-diversified portfolio that consists of investments in 2,084 property locations, substantially all of which are profit centers, in 49 states.
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