Store Capital Corp (STOR) : Laurion Capital Management Lp added new position in Store Capital Corp during the most recent quarter end. The investment management firm now holds 936,300 shares of Store Capital Corp which is valued at $24.3 Million , the company said in a statement filed on May 13, 2016 with the SEC.Store Capital Corp makes up approximately 2.20% of Laurion Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Quadrature Capital Ltd added STOR to its portfolio by purchasing 62,776 company shares during the most recent quarter which is valued at $1.6 Million. Store Capital Corp makes up approx 0.23% of Quadrature Capital Ltd’s portfolio. Spot Trading L.l.c added STOR to its portfolio by purchasing 2,900 company shares during the most recent quarter which is valued at $75,255. Store Capital Corp makes up approx 0.01% of Spot Trading L.l.c’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in STOR in the latest quarter, The investment management firm added 1,009,555 additional shares and now holds a total of 2,838,636 shares of Store Capital Corp which is valued at $73.7 Million. Store Capital Corp makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Ngam Advisors reduced its stake in STOR by selling 15,255 shares or 12.28% in the most recent quarter. The Hedge Fund company now holds 108,968 shares of STOR which is valued at $2.9 Million. Store Capital Corp makes up approx 0.04% of Ngam Advisors’s portfolio. Quantbot Technologies Lp added STOR to its portfolio by purchasing 203 company shares during the most recent quarter which is valued at $5,211.
Store Capital Corp closed down -0.07 points or -0.28% at $25.32 with 15,00,414 shares getting traded on Wednesday. Post opening the session at $25.47, the shares hit an intraday low of $25.04 and an intraday high of $25.52 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.
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 .Company shares were Reiterated by Wunderlich on Feb 24, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $25.50 .
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.