Presima adds Store Capital Corp (STOR) to its portfolio

Store Capital Corp (STOR) : Presima added new position in Store Capital Corp during the most recent quarter end. The investment management firm now holds 973,200 shares of Store Capital Corp which is valued at $29,497,692 , the company said in a statement filed on Aug 3, 2016 with the SEC.Store Capital Corp makes up approximately 4.48% of Presima’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in STOR in the latest quarter, The investment management firm added 8,600 additional shares and now holds a total of 31,700 shares of Store Capital Corp which is valued at $960,827.Ngam Advisors boosted its stake in STOR in the latest quarter, The investment management firm added 5,166 additional shares and now holds a total of 114,134 shares of Store Capital Corp which is valued at $3,459,402. Store Capital Corp makes up approx 0.05% of Ngam Advisors’s portfolio. Lmr Partners Llp sold out all of its stake in STOR during the most recent quarter. The investment firm sold 150,000 shares of STOR which is valued $4,678,500. Americafirst Capital Management added STOR to its portfolio by purchasing 23,617 company shares during the most recent quarter which is valued at $700,244. Store Capital Corp makes up approx 0.48% of Americafirst Capital Management’s portfolio.

Store Capital Corp closed down -0.12 points or -0.40% at $29.55 with 14,26,866 shares getting traded on Monday. Post opening the session at $29.71, the shares hit an intraday low of $29.26 and an intraday high of $29.71 and the price fluctuated in this range throughout the day.Shares ended Monday 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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