STORE Capital (NYSE:STOR) Shares Gap Up to $26.79

STORE Capital Co. (NYSE:STORGet Rating)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $26.79, but opened at $31.73. STORE Capital shares last traded at $32.22, with a volume of 731,258 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Morgan Stanley lowered STORE Capital from an “equal weight” rating to an “underweight” rating and set a $25.00 price target for the company. in a research report on Tuesday, July 12th. Evercore ISI set a $32.00 price objective on STORE Capital in a research report on Monday, June 20th. Jefferies Financial Group decreased their price objective on STORE Capital from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. Berenberg Bank lowered STORE Capital from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $37.00 to $33.00 in a research report on Friday. Finally, Truist Financial decreased their price objective on STORE Capital to $30.00 in a research report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $30.16.

STORE Capital Trading Down 0.7 %

The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 26.58 and a beta of 1.15. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $27.89 and a 200-day moving average price of $28.00.

Institutional Investors Weigh In On STORE Capital

Institutional investors have recently made changes to their positions in the company. Zullo Investment Group Inc. lifted its holdings in shares of STORE Capital by 57.5% during the 2nd quarter. Zullo Investment Group Inc. now owns 948 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 346 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of STORE Capital in the 1st quarter valued at approximately $28,000. Meeder Asset Management Inc. raised its stake in shares of STORE Capital by 48.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,122 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 365 shares in the last quarter. CVA Family Office LLC bought a new position in shares of STORE Capital in the 2nd quarter valued at approximately $33,000. Finally, Private Trust Co. NA bought a new position in shares of STORE Capital in the 2nd quarter valued at approximately $34,000. 81.43% of the stock is currently owned by institutional investors and hedge funds.

STORE Capital Company Profile

(Get Rating)

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 more than 2,500 property locations across the United States, substantially all of which are profit centers.

Featured Articles

Receive News & Ratings for STORE Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STORE Capital and related companies with MarketBeat.com's FREE daily email newsletter.