Store Capital Corp (STOR) : Duff Phelps Investment Management Co scooped up 400,013 additional shares in Store Capital Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 2,218,768 shares of Store Capital Corp which is valued at $62,169,879.Store Capital Corp makes up approximately 0.90% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Eagle Asset Management Inc added STOR to its portfolio by purchasing 67,360 company shares during the most recent quarter which is valued at $1,851,726. Store Capital Corp makes up approx 0.01% of Eagle Asset Management Inc’s portfolio.Legal General Group Plc boosted its stake in STOR in the latest quarter, The investment management firm added 29,575 additional shares and now holds a total of 339,067 shares of Store Capital Corp which is valued at $9,320,952. Store Capital Corp makes up approx 0.01% of Legal General Group Plc’s portfolio. Cutler Group Lp added STOR to its portfolio by purchasing 5,338 company shares during the most recent quarter which is valued at $148,023. Store Capital Corp makes up approx 0.01% of Cutler Group Lp’s portfolio.
Store Capital Corp closed down -0.17 points or -0.60% at $28.02 with 6,05,719 shares getting traded on Friday. Post opening the session at $28.22, the shares hit an intraday low of $27.93 and an intraday high of $28.4 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Mizuho Initiated Store Capital Corp on Oct 14, 2016 to “Buy”, Price Target of the shares are set at $30.50.
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.