Store Capital Corp (STOR) was Initiated by Mizuho to “Buy” and the brokerage firm has set the Price Target at $30.50. Mizuho advised their investors in a research report released on Oct 14, 2016.
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.
Store Capital Corp closed down -0.24 points or -0.87% at $27.49 with 10,14,962 shares getting traded on Tuesday. Post opening the session at $27.64, the shares hit an intraday low of $27.4 and an intraday high of $27.685 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 26, 2015, Joseph M Donovan (director) purchased 10,000 shares at $20.35 per share price.
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.