Menta Capital buys $5,200,242 stake in Store Capital Corp (STOR)

Store Capital Corp (STOR) : Menta Capital scooped up 13,200 additional shares in Store Capital Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 172,479 shares of Store Capital Corp which is valued at $5,200,242.Store Capital Corp makes up approximately 0.67% of Menta Capital’s portfolio.

Other Hedge Funds, Including , Massachusetts Financial Services Co boosted its stake in STOR in the latest quarter, The investment management firm added 3,880,614 additional shares and now holds a total of 5,951,408 shares of Store Capital Corp which is valued at $179,434,951. Store Capital Corp makes up approx 0.09% of Massachusetts Financial Services Co’s portfolio.Tiaa Cref Investment Management boosted its stake in STOR in the latest quarter, The investment management firm added 444,450 additional shares and now holds a total of 661,544 shares of Store Capital Corp which is valued at $19,945,552. Store Capital Corp makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Apg Asset Management Us boosted its stake in STOR in the latest quarter, The investment management firm added 549,031 additional shares and now holds a total of 3,812,031 shares of Store Capital Corp which is valued at $114,932,735. Store Capital Corp makes up approx 0.88% of Apg Asset Management Us’s portfolio.Blackrock Group Ltd boosted its stake in STOR in the latest quarter, The investment management firm added 25,845 additional shares and now holds a total of 1,139,373 shares of Store Capital Corp which is valued at $34,352,096. Store Capital Corp makes up approx 0.02% of Blackrock Group Ltd’s portfolio. Gerstein Fisher added STOR to its portfolio by purchasing 14,948 company shares during the most recent quarter which is valued at $446,796. Store Capital Corp makes up approx 0.06% of Gerstein Fisher’s portfolio.

Store Capital Corp opened for trading at $29.83 and hit $30 on the upside on Monday, eventually ending the session at $29.83, with a gain of 0.67% or 0.2 points. The heightened volatility saw the trading volume jump to 5,68,486 shares. Company has a market cap of $4,572 M.

On the company’s financial health, Store Capital Corp reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.38. The company had revenue of $92.00 million for the quarter, compared to analysts expectations of $90.06 million. The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Store Capital Corp. Store Capital Corp was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Jul 15, 2016. Company shares were Reiterated by Stifel on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 31.50 from a previous price target of $29 .Company shares were Reiterated by Stifel on Jun 23, 2016 to “Buy”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .

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.

Leave a Reply

Store Capital Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Store Capital Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.