Monashee Investment Management adds Store Capital Corp (STOR) to its portfolio

Store Capital Corp (STOR) : Monashee Investment Management added new position in Store Capital Corp during the most recent quarter end. The investment management firm now holds 276,200 shares of Store Capital Corp which is valued at $7.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.Store Capital Corp makes up approximately 12.49% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp added STOR to its portfolio by purchasing 3,388,555 company shares during the most recent quarter which is valued at $87.9 Million. Store Capital Corp makes up approx 0.02% of Wellington Management Group Llp’s portfolio.Moors Cabot reduced its stake in STOR by selling 7,295 shares or 44.39% in the most recent quarter. The Hedge Fund company now holds 9,140 shares of STOR which is valued at $237,183. Store Capital Corp makes up approx 0.04% of Moors Cabot’s portfolio.Manufacturers Life Insurance Company The boosted its stake in STOR in the latest quarter, The investment management firm added 2,911 additional shares and now holds a total of 27,895 shares of Store Capital Corp which is valued at $723,875.Blackrock Group Ltd boosted its stake in STOR in the latest quarter, The investment management firm added 685,886 additional shares and now holds a total of 1,113,528 shares of Store Capital Corp which is valued at $28.9 Million. Store Capital Corp makes up approx 0.02% of Blackrock Group Ltd’s portfolio.New York State Common Retirement Fund boosted its stake in STOR in the latest quarter, The investment management firm added 9,600 additional shares and now holds a total of 39,900 shares of Store Capital Corp which is valued at $1.1 Million.

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.

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