STORE Capital Corporation (STOR) : Traders are bullish on STORE Capital Corporation (STOR) as it has outperformed the S&P 500 by a wide margin of 1.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.56%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.62% in the last 1 week, and is up 2.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.32% and the 50-Day Moving Average is 5.33%. STORE Capital Corporation (NYSE:STOR): stock turned positive on Friday. Though the stock opened at $30.04, the bulls momentum made the stock top out at $30.395 level for the day. The stock recorded a low of $30.01 and closed the trading day at $30.15, in the green by 0.87%. The total traded volume for the day was 742,539. The stock had closed at $29.89 in the previous days trading.
The company Insiders own 1.05% of STORE Capital Corporation shares according to the proxy statements. Also, Stifel Nicolaus maintains its view on STORE Capital Corporation (NYSE:STOR) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Stifel Nicolaus raises the price target from $29 per share to $31.5 per share on STORE Capital Corporation. The rating by the firm was issued on July 11, 2016.
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.