Store Capital Corp (STOR) is Reiterated by Stifel to Buy, Raises Price Target to $ 29

Store Capital Corp (STOR) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 29 from a previous price target of $28 . Stifel advised their investors in a research report released on Jun 23, 2016.

Many Wall Street Analysts have commented on Store Capital Corp. Company shares were Reiterated by Wunderlich on May 10, 2016 to “Buy”, Firm has raised the Price Target to $ 29.50 from a previous price target of $28 .

On the company’s financial health, Store Capital Corp reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.37. The company had revenue of $85.20 million for the quarter, compared to analysts expectations of $83.94 million. The company’s revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Store Capital Corp opened for trading at $26.86 and hit $27.205 on the upside on Tuesday, eventually ending the session at $27.16, with a gain of 1.04% or 0.28 points. The heightened volatility saw the trading volume jump to 13,92,305 shares. Company has a market cap of $3,826 M.

Investors should note that on Jun 15, 2016, Store Capital Corp announced a cash dividend of $0.2700. The company’s management has announced Jun 28, 2016 as the ex-dividend date and fixed the record date on Jun 30, 2016. The payable date has been fixed on Jul 15, 2016.

In a different news, on Aug 26, 2015, Joseph M Donovan (director) purchased 10,000 shares at $20.35 per share price.

Store Capital Corporation is an internally managed net-lease real estate investment trust (REIT). The Company is engaged in the acquisition investment and management of single tenant operational real estate (STORE properties). As of December 31 2014 the Company owns a portfolio consisting of investments in 947 property locations operated by 226 customers across 46 states. Its customers operate across a variety of industries within the service retail and industrial sectors of the United States economy with restaurants early childhood education centers health clubs movie theaters and sporting goods stores representing the industries in its portfolio. The Company offers real estate financing solutions principally to middle market and businesses that own STORE Properties and operate within the broad-based service retail and industrial sectors of the United States economy.

Store Capital Corp

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