STORE Capital Corporation (NYSE:STOR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “STORE Capital Corporation is an internally managed net-lease real estate investment trust. It is engaged in the acquisition, investment and management of Single Tenant Operational Real Estate (STORE properties). The Company provides net-lease solutions principally to middle-market and larger companies that own STORE Properties. It invests in single-tenant real estate such as chain restaurants, supermarkets, health clubs, and education, retail, service, and distribution facilities. STORE Capital Corporation is based in Scottsdale, Arizona. “

A number of other research firms have also issued reports on STOR. BidaskClub upgraded shares of STORE Capital Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of STORE Capital Corporation in a research note on Monday. Robert W. Baird reiterated a “buy” rating on shares of STORE Capital Corporation in a research note on Friday, October 20th. Stifel Nicolaus lifted their price objective on shares of STORE Capital Corporation from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, KeyCorp reiterated a “hold” rating on shares of STORE Capital Corporation in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $27.09.

Shares of STORE Capital Corporation (NYSE STOR) opened at $26.10 on Wednesday. The stock has a market cap of $4,898.60, a P/E ratio of 15.16, a PEG ratio of 3.17 and a beta of 0.22. STORE Capital Corporation has a 12 month low of $19.65 and a 12 month high of $27.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.32.

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In other news, Director William Franklin Hipp purchased 4,000 shares of STORE Capital Corporation stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $25.18 per share, with a total value of $100,720.00. Following the completion of the acquisition, the director now owns 18,499 shares in the company, valued at approximately $465,804.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of STORE Capital Corporation by 0.8% during the second quarter. Vanguard Group Inc. now owns 26,355,624 shares of the real estate investment trust’s stock valued at $591,684,000 after acquiring an additional 220,040 shares during the period. Berkshire Hathaway Inc. acquired a new position in shares of STORE Capital Corporation during the second quarter valued at $418,057,000. CI Global Investments Inc. boosted its holdings in shares of STORE Capital Corporation by 154.8% during the second quarter. CI Global Investments Inc. now owns 12,744,954 shares of the real estate investment trust’s stock valued at $286,124,000 after acquiring an additional 7,743,682 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of STORE Capital Corporation by 22.0% during the second quarter. Principal Financial Group Inc. now owns 12,138,830 shares of the real estate investment trust’s stock valued at $272,516,000 after acquiring an additional 2,189,912 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of STORE Capital Corporation by 11.4% during the second quarter. BlackRock Inc. now owns 11,315,101 shares of the real estate investment trust’s stock valued at $254,025,000 after acquiring an additional 1,162,257 shares during the period. 99.85% of the stock is owned by institutional investors.

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.

Analyst Recommendations for STORE Capital Corporation (NYSE:STOR)

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