AQR Capital Management LLC Lowers Stake in STORE Capital Corporation (NYSE:STOR)

AQR Capital Management LLC decreased its stake in STORE Capital Corporation (NYSE:STOR) by 4.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 71,240 shares of the real estate investment trust’s stock after selling 3,035 shares during the period. AQR Capital Management LLC’s holdings in STORE Capital Corporation were worth $1,701,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its stake in shares of STORE Capital Corporation by 2.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,867 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 367 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of STORE Capital Corporation by 1.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,667 shares of the real estate investment trust’s stock worth $589,000 after buying an additional 450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of STORE Capital Corporation by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,079 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 497 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in 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 in the last quarter. Finally, Amalgamated Bank raised its stake in STORE Capital Corporation by 3.4% in the first quarter. Amalgamated Bank now owns 21,678 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 708 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Shares of STORE Capital Corporation (STOR) opened at 24.86 on Friday. STORE Capital Corporation has a 12-month low of $19.65 and a 12-month high of $30.65. The company has a 50-day moving average of $23.41 and a 200 day moving average of $22.99. The firm has a market cap of $4.71 billion, a P/E ratio of 25.06 and a beta of 0.25.

STORE Capital Corporation (NYSE:STOR) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.07. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The company had revenue of $114.21 million for the quarter, compared to the consensus estimate of $112.27 million. During the same period last year, the firm posted $0.38 EPS. The company’s revenue was up 24.2% compared to the same quarter last year. Equities research analysts anticipate that STORE Capital Corporation will post $0.84 earnings per share for the current fiscal year.

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A number of analysts have weighed in on the company. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of STORE Capital Corporation in a report on Tuesday, June 27th. Capital One Financial Corporation reissued a “buy” rating and issued a $30.00 target price on shares of STORE Capital Corporation in a research report on Friday, June 30th. Zacks Investment Research downgraded STORE Capital Corporation from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 1st. Mizuho downgraded STORE Capital Corporation from a “buy” rating to a “neutral” rating and upped their target price for the company from $23.00 to $24.00 in a research report on Tuesday, June 27th. Finally, BidaskClub raised STORE Capital Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. STORE Capital Corporation currently has an average rating of “Hold” and an average target price of $27.54.

In related news, Director William Franklin Hipp bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $25.18 per share, with a total value of $100,720.00. Following the completion of the transaction, the director now owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

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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