Landscape Capital Management L.L.C. increased its stake in shares of Store Capital Corp (NYSE:STOR) by 51.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 98,417 shares of the real estate investment trust’s stock after purchasing an additional 33,294 shares during the period. Landscape Capital Management L.L.C.’s holdings in Store Capital were worth $3,266,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Store Capital by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,922,787 shares of the real estate investment trust’s stock valued at $82,746,000 after purchasing an additional 229,754 shares during the last quarter. Geode Capital Management LLC boosted its stake in Store Capital by 26.2% during the 4th quarter. Geode Capital Management LLC now owns 1,935,183 shares of the real estate investment trust’s stock valued at $54,785,000 after purchasing an additional 401,416 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Store Capital during the 1st quarter valued at $264,000. Virtu Financial LLC purchased a new stake in Store Capital during the 1st quarter valued at $448,000. Finally, Northpointe Capital LLC boosted its stake in shares of Store Capital by 8.0% in the 1st quarter. Northpointe Capital LLC now owns 134,845 shares of the real estate investment trust’s stock worth $4,517,000 after buying an additional 9,988 shares during the last quarter. 90.92% of the stock is owned by hedge funds and other institutional investors.
NYSE STOR traded up $0.23 on Thursday, hitting $36.20. 904,088 shares of the company traded hands, compared to its average volume of 1,518,047. The firm has a market cap of $8.24 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 3.80 and a beta of 0.21. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.52. The business has a 50 day simple moving average of $34.36. Store Capital Corp has a 52-week low of $26.93 and a 52-week high of $36.39.
A number of equities analysts have recently issued reports on the company. Berenberg Bank assumed coverage on Store Capital in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $36.00 price target on the stock. Morgan Stanley raised their price target on Store Capital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Raymond James raised their price target on Store Capital from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Zacks Investment Research downgraded Store Capital from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine downgraded Store Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $36.14.
About Store Capital
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 2,255 property locations, substantially all of which are profit centers, in 49 states.
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