Global Endowment Management Lp Lowers stake in Store Capital Corp (STOR)

Store Capital Corp (STOR) : Global Endowment Management Lp reduced its stake in Store Capital Corp by 2.49% during the most recent quarter end. The investment management company now holds a total of 46,900 shares of Store Capital Corp which is valued at $1,414,035 after selling 1,200 shares in Store Capital Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Store Capital Corp makes up approximately 0.29% of Global Endowment Management Lp’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in STOR in the latest quarter, The investment management firm added 15,861 additional shares and now holds a total of 30,493 shares of Store Capital Corp which is valued at $919,364.Teachers Advisors Inc boosted its stake in STOR in the latest quarter, The investment management firm added 1,055,178 additional shares and now holds a total of 1,108,936 shares of Store Capital Corp which is valued at $33,434,420. Store Capital Corp makes up approx 0.06% of Teachers Advisors Inc’s portfolio. Fortaleza Asset Management Inc added STOR to its portfolio by purchasing 51,560 company shares during the most recent quarter which is valued at $1,529,785. Store Capital Corp makes up approx 1.18% of Fortaleza Asset Management Inc’s portfolio.First Trust Advisors Lp boosted its stake in STOR in the latest quarter, The investment management firm added 33,616 additional shares and now holds a total of 148,292 shares of Store Capital Corp which is valued at $4,399,824. Store Capital Corp makes up approx 0.01% of First Trust Advisors Lp’s portfolio.

Store Capital Corp opened for trading at $29.83 and hit $30 on the upside on Monday, eventually ending the session at $29.83, with a gain of 0.67% or 0.2 points. The heightened volatility saw the trading volume jump to 5,68,486 shares. Company has a market cap of $4,572 M.

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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