Westpac Banking Corp reduced its position in STORE Capital Corporation (NYSE:STOR) by 47.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,121 shares of the real estate investment trust’s stock after selling 367,732 shares during the period. Westpac Banking Corp owned 0.24% of STORE Capital Corporation worth $9,185,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of STOR. Penserra Capital Management LLC raised its stake in shares of STORE Capital Corporation by 19.9% in the second 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 in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of STORE Capital Corporation by 12.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 580 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of 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. Thompson Davis & CO. Inc. raised its stake in shares of STORE Capital Corporation by 7,774.5% in the first quarter. Thompson Davis & CO. Inc. now owns 7,402 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 7,308 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of STORE Capital Corporation during the first quarter worth $201,000.

Shares of STORE Capital Corporation (NYSE STOR) opened at 25.56 on Friday. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 25.77 and a beta of 0.23. STORE Capital Corporation has a 52-week low of $19.65 and a 52-week high of $30.65. The company’s 50 day moving average price is $24.12 and its 200 day moving average price is $23.06.

STORE Capital Corporation (NYSE:STOR) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by $0.07. The firm had revenue of $114.21 million for the quarter, compared to analysts’ expectations of $112.27 million. STORE Capital Corporation had a return on equity of 5.98% and a net margin of 38.71%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, analysts predict that STORE Capital Corporation will post $0.87 EPS for the current year.

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A number of brokerages have recently weighed in on STOR. Zacks Investment Research upgraded STORE Capital Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a research report on Tuesday, June 27th. Mizuho upgraded STORE Capital Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $23.50 to $27.00 in a research report on Thursday. Capital One Financial Corporation reiterated a “buy” rating and issued a $30.00 price objective on shares of STORE Capital Corporation in a research report on Friday, June 30th. Finally, BidaskClub upgraded STORE Capital Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.59.

In other news, Director William Franklin Hipp acquired 4,000 shares of STORE Capital Corporation stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $25.18 per share, for a total transaction of $100,720.00. Following the acquisition, the director now directly owns 18,499 shares of the company’s stock, valued at approximately $465,804.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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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