Stevens Capital Management LP Purchases New Position in STORE Capital Corporation (STOR)

Stevens Capital Management LP purchased a new stake in STORE Capital Corporation (NYSE:STOR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,073 shares of the real estate investment trust’s stock, valued at approximately $549,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC lifted its holdings in STORE Capital Corporation by 19.9% during the 2nd 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. The Manufacturers Life Insurance Company lifted its stake in shares of STORE Capital Corporation by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,356 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 409 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of STORE Capital Corporation by 12.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 580 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of STORE Capital Corporation by 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,675 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 619 shares during the period. Finally, TCI Wealth Advisors Inc. lifted its stake in shares of STORE Capital Corporation by 14.0% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 6,164 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 759 shares during the period. Institutional investors own 97.33% of the company’s stock.

STORE Capital Corporation (NYSE:STOR) opened at $26.25 on Friday. The stock has a market capitalization of $4,910.00 and a P/E ratio of 15.31. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.59. STORE Capital Corporation has a twelve month low of $19.65 and a twelve month high of $26.35.

STOR has been the topic of a number of recent analyst reports. TheStreet raised STORE Capital Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 3rd. BidaskClub raised STORE Capital Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Robert W. Baird reissued a “buy” rating on shares of STORE Capital Corporation in a research note on Friday, October 20th. Stifel Nicolaus upped their price target on STORE Capital Corporation from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Mizuho raised STORE Capital Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $23.50 to $27.00 in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $27.00.

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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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