Oppenheimer & Co. Inc. Has $544,000 Stock Holdings in STORE Capital Co. (NYSE:STOR)

Posted by Defense World Staff on Feb 25th, 2023

Oppenheimer & Co. Inc. trimmed its stake in STORE Capital Co. (NYSE:STOR – Get Rating) by 22.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,342 shares of the real estate investment trust’s stock after selling 5,153 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in STORE Capital were worth $544,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in STOR. RB Capital Management LLC lifted its stake in shares of STORE Capital by 4.2% in the first quarter. RB Capital Management LLC now owns 17,119 shares of the real estate investment trust’s stock valued at $500,000 after buying an additional 688 shares in the last quarter. US Bancorp DE lifted its stake in shares of STORE Capital by 41.3% in the first quarter. US Bancorp DE now owns 29,128 shares of the real estate investment trust’s stock valued at $851,000 after buying an additional 8,519 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of STORE Capital by 10.1% in the first quarter. HighTower Advisors LLC now owns 25,727 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 2,362 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of STORE Capital by 4.8% in the first quarter. Great West Life Assurance Co. Can now owns 334,142 shares of the real estate investment trust’s stock valued at $10,090,000 after buying an additional 15,352 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of STORE Capital by 6.6% during the first quarter. Raymond James Trust N.A. now owns 8,110 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 503 shares in the last quarter. 81.82% of the stock is owned by institutional investors.

STORE Capital Stock Performance

NYSE STOR opened at $32.21 on Friday. STORE Capital Co. has a 52-week low of $24.48 and a 52-week high of $32.36. The company has a 50-day simple moving average of $32.14 and a 200 day simple moving average of $31.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $9.11 billion, a PE ratio of 27.77 and a beta of 0.93.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on STOR. Morgan Stanley raised their price target on shares of STORE Capital from $25.00 to $26.00 and gave the company an “underweight” rating in a research report on Wednesday, November 2nd. StockNews.com began coverage on shares of STORE Capital in a research report on Wednesday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, STORE Capital presently has a consensus rating of “Hold” and a consensus target price of $29.89.

About STORE Capital

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STORE Capital Corp. operates as an internally managed net-lease real estate investment trust. The firm engages in the acquisition, investment, management, and ownership of single tenant operational real estate properties. The company was founded by Mary Fedewa, Morton H. Fleischer, Christopher H. Volk, Catherine Long, Michael J.