Castle Ridge Investment Management Lp buys $9,195,750 stake in Store Capital Corp (STOR)

Store Capital Corp (STOR) : Castle Ridge Investment Management Lp scooped up 80,000 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 15, 2016. The investment management firm now holds a total of 305,000 shares of Store Capital Corp which is valued at $9,195,750.Store Capital Corp makes up approximately 5.16% of Castle Ridge Investment Management Lp’s portfolio.

Other Hedge Funds, Including , Invictus Rg boosted its stake in STOR in the latest quarter, The investment management firm added 7,552 additional shares and now holds a total of 16,263 shares of Store Capital Corp which is valued at $490,329. Store Capital Corp makes up approx 0.50% of Invictus Rg’s portfolio. Lba Wealth Management added STOR to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $30,150. Store Capital Corp makes up approx 0.02% of Lba Wealth Management’s portfolio.Hsbc Holdings Plc boosted its stake in STOR in the latest quarter, The investment management firm added 15,064 additional shares and now holds a total of 32,342 shares of Store Capital Corp which is valued at $975,111.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.Telemus Capital boosted its stake in STOR in the latest quarter, The investment management firm added 12,000 additional shares and now holds a total of 21,000 shares of Store Capital Corp which is valued at $622,650. Store Capital Corp makes up approx 0.07% of Telemus Capital’s portfolio.

Store Capital Corp closed down -0.18 points or -0.61% at $29.45 with 12,05,712 shares getting traded on Thursday. Post opening the session at $29.66, the shares hit an intraday low of $29.4 and an intraday high of $29.89 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 $ 0.02 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.

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