Store Capital Corp (STOR) : Landscape Capital Management L.l.c. reduced its stake in Store Capital Corp by 7.37% during the most recent quarter end. The investment management company now holds a total of 208,800 shares of Store Capital Corp which is valued at $6,295,320 after selling 16,602 shares in Store Capital Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Store Capital Corp makes up approximately 0.79% of Landscape Capital Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership added STOR to its portfolio by purchasing 244,700 company shares during the most recent quarter which is valued at $7,377,705. Store Capital Corp makes up approx 0.03% of Arrowstreet Capital Limited Partnership’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 Fund Advisors boosted its stake in STOR in the latest quarter, The investment management firm added 398,166 additional shares and now holds a total of 1,492,401 shares of Store Capital Corp which is valued at $44,995,890. Store Capital Corp makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Ci Global Investments reduced its stake in STOR by selling 1,450,890 shares or 57.18% in the most recent quarter. The Hedge Fund company now holds 1,086,506 shares of STOR which is valued at $32,236,633. Store Capital Corp makes up approx 0.85% of Ci Global Investments’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.