Store Capital Downgraded at Mizuho After Buffett Investment

Warren Buffett

Lacy O'Toole | CNBC Warren Buffett

Store Capital invests in single-tenant real estate.

Mr. Buffett, Berkshire's chairman and chief executive, lamented at Berkshire's May shareholder meeting that he "was too dumb to realize" the rise of online shopping and failed to invest in Amazon.com Inc.

Store Capital issued 18.6 million shares to Buffett's company in a private placement at $20.25 apiece, the Scottsdale, Arizona-based REIT said Monday in a statement.

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STORE Capital shares were trading up over 10% at $22.87 Monday morning. Matt Levine, a Bloomberg columnist, put it best in a newsletter following Buffett's C$2 billion credit line to Home Capital last week.

Experts who track the real estate sector say Store has intentionally weighted its portfolio heavily to service industries, including restaurants, movie theaters, fitness clubs, early childhood education, veterinary clinics and more. The FTSE NAREIT Equity REIT Index is up 2.2% this year, while the FTSE NAREIT index for retail REITs is down 15% year-to-date.

Store Capital has investments in over 1,750 properties in 48 states, according to the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock.

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Berkshire Hathaway did not immediately respond to a request for comment. Zacks' earnings per share averages are an average based on a survey of sell-side research firms that cover Berkshire Hathaway.

When Woodruff asked whether the country needed to "think about some sort of single-payer system", Buffett said it would be the more effective way to bring down costs.

"The stock market has been going up basically since March of 2009", Buffett said. That makes Berkshire its third-largest investor.

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