Store Capital Corp (STOR) Director Joseph M. Donovan Buys 3,000 Shares

Store Capital Corp (NYSE:STOR) Director Joseph M. Donovan purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were purchased at an average cost of $29.53 per share, with a total value of $88,590.00. Following the completion of the purchase, the director now owns 50,820 shares in the company, valued at approximately $1,500,714.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Store Capital stock opened at $29.96 on Friday. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 3.41 and a beta of 0.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.37 and a quick ratio of 0.37. Store Capital Corp has a 1 year low of $22.51 and a 1 year high of $30.23.

Store Capital (NYSE:STOR) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The company had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $135.39 million. Store Capital had a net margin of 39.17% and a return on equity of 6.11%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. As a group, research analysts expect that Store Capital Corp will post 1.75 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Store Capital by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 25,788,353 shares of the real estate investment trust’s stock valued at $716,658,000 after buying an additional 965,052 shares during the period. FMR LLC boosted its position in Store Capital by 0.4% in the 2nd quarter. FMR LLC now owns 21,616,266 shares of the real estate investment trust’s stock valued at $592,287,000 after buying an additional 80,498 shares during the period. BlackRock Inc. boosted its position in Store Capital by 7.9% in the 3rd quarter. BlackRock Inc. now owns 13,041,194 shares of the real estate investment trust’s stock valued at $362,413,000 after buying an additional 951,919 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Store Capital by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,923,358 shares of the real estate investment trust’s stock valued at $331,349,000 after buying an additional 340,300 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Store Capital by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,693,033 shares of the real estate investment trust’s stock valued at $74,836,000 after buying an additional 44,454 shares during the period. 89.95% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Store Capital from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday, November 16th. BMO Capital Markets set a $32.00 price target on shares of Store Capital and gave the stock a “buy” rating in a research note on Thursday, November 1st. ValuEngine raised shares of Store Capital from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. LADENBURG THALM/SH SH reaffirmed a “hold” rating on shares of Store Capital in a research note on Friday, August 3rd. Finally, Mizuho set a $30.00 price target on shares of Store Capital and gave the stock a “buy” rating in a research note on Monday, August 13th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $29.25.

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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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