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Truist Financial Corp owns $2.45 million in STORE Capital Co. stock (NYSE:STOR)

Truist Financial Corp owns $2.45 million in STORE Capital Co. stock (NYSE:STOR)

The most recent 13F statement that Trust Financial Corporation filed with the SEC revealed that the company’s holdings in STORE Capital Co. (NYSE: STOR) were reduced by 7.9% during the third quarter. The institutional investor ended up with a total of 78,315 shares in the real estate investment trust after selling 6,679 shares throughout that period. The most recent report that Trust Financial Corporation filed with the SEC indicated that the value of the company’s holdings in STORE Capital was $2,453,000.

Recent changes have been made to the ownership percentages of the company that hedge funds and other institutional investors formerly held. A new holding in Store Capital costs Wipfli Financial Advisors LLC $101,000 to purchase during the third quarter as part of an investment. In the third quarter, Lynwood Capital Management Inc. completed the acquisition of Store Capital for a total price of approximately $1,723,000. The acquisition of STORE Capital by Guyasuta Investment Advisors, Inc. took place during the third quarter and cost approximately 204,000 dollars. During the third quarter of the fiscal year, Fifth Third Bancorp acquired an additional 134.3% stake in STORE Capital. Fifth Third Bancorp increased its holdings in the real estate investment trust stock during the most recent quarter by purchasing an additional 4,537 shares. This brought the total number of shares acquired to 7,916, with a value of $248,000 per share. During the third quarter, Dearborn Partners LLC saw a 1.2% increase in the share of STORE Capital that it owned as a percentage of the company. Dearborn Partners LLC now directly owns 200,054 shares of the REIT’s stock, which has a value of $6,268,000 following the purchase of an additional 2,434 shares during the most recent quarter. Institutional investors and hedge funds collectively own 81.82% of the total number of shares in the company, making up the majority of the shareholders.

Recently, STOR has emerged as the primary focus of discussion in various brokerage reports that have been published. On Wednesday, October 12, included a research report on its coverage of Store Capital shares for the first time. This event occurred on a Wednesday. They advised their clients to “hold” the stock moving forward. Morgan Stanley upgraded their rating of the stock to “underweight” and increased their price target on STORE Capital from $25.00 to $26.00 in a report on the company’s investment strategy that was made public on Wednesday, November 2. The research did take into account this piece of information. Five of the equity research analysts surveyed recommended holding onto the stock, one recommended buying it, and two recommended selling it. In addition to that, a neutral rating has been assigned to the stock. According to information from Bloomberg, the stock is currently rated “Hold,” and analysts have set an average price goal of $30.28. They have also set an average price target for the stock.

NYSE: STOR began trading at $32.12 on Monday. The company’s market capitalization is $9.08 billion, and its price-to-earnings ratio is 27.69, making it a beta stock with a value of 0.91. Store Capital Company has seen a one-year low of $24.48 and a one-year high of $33.74 in its stock price over the past year. The total debt and equity are equal when calculated using the following ratios: a debt-to-equity ratio of 0.46, a current ratio of 0.30, and a quick ratio of 0.30. According to its 50-day and 200-day moving averages, the company’s share price is currently trading at $31.92 and, respectively, $30.15.

When it comes to the acquisition, administration, and management of the single-tenant operational real estate, STORE Capital Corporation is the industry leader. This encompasses all aspects of the business. STORE Capital Corporation is a real estate investment trust (REIT) managed internally, also known as a net-lease real estate investment trust. STORE Capital is one of the most important and rapidly growing net-lease real estate investment trusts. The portfolio of the company


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