Should Investors Be Selling STORE Capital (STOR) Stock Following Today’s Janney Capital Downgrade?

July 13, 2018 - By Robert Reynolds

STORE Capital Corporation (NYSE:STOR) Logo

Investors sentiment increased to 1.62 in 2018 Q1. Its up 0.33, from 1.29 in 2017Q4. It improved, as 22 investors sold STORE Capital Corporation shares while 63 reduced holdings. 54 funds opened positions while 84 raised stakes. 178.24 million shares or 1.40% more from 175.78 million shares in 2017Q4 were reported.

Ameriprise Fincl holds 0.01% or 741,399 shares. Tci Wealth Advisors invested in 759 shares. Fort Washington Invest Advsrs Incorporated Oh holds 0% or 10,300 shares in its portfolio. Eii Incorporated reported 1.16% in STORE Capital Corporation (NYSE:STOR). The Montana-based Da Davidson & has invested 0.01% in STORE Capital Corporation (NYSE:STOR). Sterling Capital Mngmt Llc owns 113,510 shares or 0.03% of their US portfolio. Macquarie Group Ltd stated it has 653,389 shares. New York State Common Retirement Fund reported 0.01% of its portfolio in STORE Capital Corporation (NYSE:STOR). Pennsylvania-based Vanguard has invested 0.03% in STORE Capital Corporation (NYSE:STOR). Moreover, Axa has 0.04% invested in STORE Capital Corporation (NYSE:STOR) for 447,808 shares. State Of Alaska Department Of Revenue owns 107,760 shares for 0.06% of their portfolio. Sg Americas Limited Liability Com invested in 18,384 shares or 0% of the stock. State Street reported 0.01% of its portfolio in STORE Capital Corporation (NYSE:STOR). Peak6 Invs L P has 0% invested in STORE Capital Corporation (NYSE:STOR). Vident Investment Advisory Ltd Liability Corporation invested in 12,714 shares.

STORE Capital (STOR) Receives a Downgrade

In a research note revealed to investors on 13 July, Janney Capital has decided to downgraded rating on STORE Capital (STOR) shares to a “Neutral”. STOR’s prior rating was a “Buy”.

The stock decreased 0.43% or $0.12 during the last trading session, reaching $27.58. About 570,928 shares traded. STORE Capital Corporation (STOR) has risen 27.28% since July 13, 2017 and is uptrending. It has outperformed by 14.71% the S&P500.

Analysts await STORE Capital Corporation (NYSE:STOR) to report earnings on August, 2. They expect $0.44 earnings per share, 0.00 % or $0.00 from last year’s $0.44 per share. STOR’s profit will be $87.14 million for 15.67 P/E if the $0.44 EPS becomes a reality. After $0.44 actual earnings per share reported by STORE Capital Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

STORE Capital Corporation is a privately owned real estate investment trust. The company has market cap of $5.46 billion. The firm invests in the real estate markets. It has a 28.64 P/E ratio. It primarily invests in single-tenant properties including chain restaurants, supermarkets, drugstores and other retail, service and distribution facilities.

More important recent STORE Capital Corporation (NYSE:STOR) news were published by: Benzinga.com which released: “24 Stocks Moving In Friday’s Mid-Day Session” on July 13, 2018, also Seekingalpha.com published article titled: “Should You Follow Warren Buffett On This REIT?”, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: AT&T, BlackRock, Broadcom, Diageo, Kinross Gold, United Rentals, Williams …” on July 13, 2018. More interesting news about STORE Capital Corporation (NYSE:STOR) was released by: Seekingalpha.com and their article: “STORE Capital Corp.: The Warren Buffett REIT” with publication date: June 15, 2018.

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