Menta Capital adds Store Capital Corp (STOR) to its portfolio

Store Capital Corp (STOR) : Menta Capital added new position in Store Capital Corp during the most recent quarter end. The investment management firm now holds 159,279 shares of Store Capital Corp which is valued at $4.1 Million , the company said in a statement filed on May 11, 2016 with the SEC.Store Capital Corp makes up approximately 0.57% of Menta Capital’s portfolio.

Other Hedge Funds, Including , United Capital Financial Advisers boosted its stake in STOR in the latest quarter, The investment management firm added 4,017 additional shares and now holds a total of 22,474 shares of Store Capital Corp which is valued at $583,200. Store Capital Corp makes up approx 0.01% of United Capital Financial Advisers’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.Schwab Charles Investment Management Inc boosted its stake in STOR in the latest quarter, The investment management firm added 94,446 additional shares and now holds a total of 273,333 shares of Store Capital Corp which is valued at $7.2 Million. Store Capital Corp makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.

Store Capital Corp opened for trading at $26.05 and hit $26.427 on the upside on Monday, eventually ending the session at $26.24, with a gain of 1.12% or 0.29 points. The heightened volatility saw the trading volume jump to 12,44,731 shares. Company has a market cap of $3,697 M.

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.

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