Store Capital Corp (STOR) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.37. The company posted revenue of $85.20 million in the period, 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 Feb 24, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $25.50 .
Store Capital Corp opened for trading at $26.05 and hit $26.75 on the upside on Wednesday, eventually ending the session at $26.59, with a gain of 1.76% or 0.46 points. The heightened volatility saw the trading volume jump to 24,56,074 shares. Company has a market cap of $3,746 M.
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.