Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Store Capital Corp (NYSE:STOR) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,317 shares of the real estate investment trust’s stock after acquiring an additional 2,513 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Store Capital were worth $425,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Dupont Capital Management Corp raised its holdings in Store Capital by 21.8% in the 4th quarter. Dupont Capital Management Corp now owns 50,129 shares of the real estate investment trust’s stock valued at $1,305,000 after acquiring an additional 8,983 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Store Capital in the 4th quarter valued at about $10,747,000. Randolph Co Inc increased its holdings in shares of Store Capital by 1.7% during the 4th quarter. Randolph Co Inc now owns 272,600 shares of the real estate investment trust’s stock worth $7,099,000 after buying an additional 4,600 shares during the last quarter. BTC Capital Management Inc. increased its holdings in shares of Store Capital by 124.7% during the 4th quarter. BTC Capital Management Inc. now owns 61,352 shares of the real estate investment trust’s stock worth $1,600,000 after buying an additional 34,048 shares during the last quarter. Finally, Yellowstone Partners LLC acquired a new stake in shares of Store Capital during the 4th quarter worth approximately $251,000. Institutional investors own 94.81% of the company’s stock.
Store Capital Corp (NYSE:STOR) opened at $23.82 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.59. The firm has a market cap of $4,490.07, a P/E ratio of 13.90, a P/E/G ratio of 2.73 and a beta of 0.12. Store Capital Corp has a 1 year low of $19.65 and a 1 year high of $26.58.
STOR has been the subject of a number of recent analyst reports. Robert W. Baird restated a “buy” rating on shares of Store Capital in a report on Friday, October 20th. BidaskClub downgraded shares of Store Capital from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of Store Capital from a “sell” rating to a “hold” rating and set a $28.00 price target for the company in a report on Tuesday, October 24th. SunTrust Banks restated a “buy” rating and set a $25.00 price target on shares of Store Capital in a report on Tuesday, October 24th. Finally, Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Store Capital in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $27.08.
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About Store Capital
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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