JPMorgan Chase & Co. Has $257,768,000 Stake in Store Capital Corp. (STOR)
JPMorgan Chase & Co. decreased its stake in shares of Store Capital Corp. (NYSE:STOR) by 2.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,746,809 shares of the company’s stock after selling 212,357 shares during the period. JPMorgan Chase & Co. owned approximately 5.72% of Store Capital Corp. worth $257,768,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Spirit of America Management Corp NY bought a new position in Store Capital Corp. during the second quarter valued at about $111,000. Public Employees Retirement Association of Colorado bought a new position in Store Capital Corp. during the second quarter valued at about $143,000. PNC Financial Services Group Inc. boosted its position in Store Capital Corp. by 158.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,022 shares of the company’s stock valued at $147,000 after buying an additional 3,076 shares in the last quarter. Pacer Advisors Inc. bought a new position in Store Capital Corp. during the second quarter valued at about $190,000. Finally, Quantbot Technologies LP bought a new position in Store Capital Corp. during the third quarter valued at about $193,000.
Shares of Store Capital Corp. (NYSE:STOR) opened at 25.19 on Wednesday. Store Capital Corp. has a 12-month low of $22.00 and a 12-month high of $31.44. The company has a 50-day moving average of $26.38 and a 200 day moving average of $28.03. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 31.41 and a beta of 0.41.
Store Capital Corp. (NYSE:STOR) last posted its earnings results on Thursday, November 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. Store Capital Corp. had a net margin of 33.05% and a return on equity of 5.22%. The company earned $97 million during the quarter, compared to analysts’ expectations of $53.01 million. During the same quarter last year, the firm earned $0.38 EPS. Store Capital Corp.’s revenue for the quarter was up 29.7% on a year-over-year basis. Analysts predict that Store Capital Corp. will post $1.55 earnings per share for the current year.
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Several research firms have issued reports on STOR. Wunderlich lowered their target price on shares of Store Capital Corp. from $34.00 to $29.50 and set a “buy” rating on the stock in a research note on Friday, November 4th. Zacks Investment Research upgraded shares of Store Capital Corp. from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Tuesday, October 18th. Mizuho began coverage on shares of Store Capital Corp. in a research note on Thursday, October 13th. They set a “buy” rating and a $30.50 target price on the stock. BTIG Research began coverage on shares of Store Capital Corp. in a research note on Thursday, August 25th. They set a “buy” rating and a $35.00 target price on the stock. Finally, Credit Suisse Group AG restated a “sell” rating and set a $30.00 target price on shares of Store Capital Corp. in a research note on Monday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $29.89.
About Store Capital Corp.
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. The Company’s portfolio includes investments in approximately 1,330 property locations operated by over 300 customers across approximately 50 states.
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