Allspring Global Investments Holdings LLC Sells 1,076 Shares of STORE Capital Co. (NYSE:STOR)

Allspring Global Investments Holdings LLC lessened its stake in STORE Capital Co. (NYSE:STORGet Rating) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,600 shares of the real estate investment trust’s stock after selling 1,076 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in STORE Capital were worth $707,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Wipfli Financial Advisors LLC bought a new stake in shares of STORE Capital in the 3rd quarter worth approximately $101,000. Lynwood Capital Management Inc. bought a new stake in STORE Capital during the 3rd quarter valued at $1,723,000. Guyasuta Investment Advisors Inc. bought a new stake in STORE Capital during the 3rd quarter valued at $204,000. Fifth Third Bancorp raised its holdings in STORE Capital by 134.3% during the 3rd quarter. Fifth Third Bancorp now owns 7,916 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 4,537 shares during the period. Finally, Dearborn Partners LLC raised its holdings in STORE Capital by 1.2% during the 3rd quarter. Dearborn Partners LLC now owns 200,054 shares of the real estate investment trust’s stock valued at $6,268,000 after acquiring an additional 2,434 shares during the period. Institutional investors own 81.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of STORE Capital in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley boosted their target price on shares of STORE Capital from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Wednesday, November 2nd. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.89.

STORE Capital Stock Up 0.1 %

Shares of NYSE:STOR opened at $32.16 on Monday. STORE Capital Co. has a 52-week low of $24.48 and a 52-week high of $32.36. The firm has a fifty day moving average of $31.97 and a 200 day moving average of $30.35. The firm has a market capitalization of $9.09 billion, a PE ratio of 27.72 and a beta of 0.91. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30.

STORE Capital Profile

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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.

See Also

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Institutional Ownership by Quarter for STORE Capital (NYSE:STOR)

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