Ranger International Management Lp Lowers stake in Store Capital Corp (STOR)

Store Capital Corp (STOR) : Ranger International Management Lp reduced its stake in Store Capital Corp by 66.58% during the most recent quarter end. The investment management company now holds a total of 111,388 shares of Store Capital Corp which is valued at $2,754,625 after selling 221,912 shares in Store Capital Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Store Capital Corp makes up approximately 2.78% of Ranger International Management Lp’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in STOR in the latest quarter, The investment management firm added 72,067 additional shares and now holds a total of 195,972 shares of Store Capital Corp which is valued at $4,846,388. Store Capital Corp makes up approx 0.01% of Raymond James Associates’s portfolio.Global Endowment Management Lp reduced its stake in STOR by selling 12,800 shares or 27.29% in the most recent quarter. The Hedge Fund company now holds 34,100 shares of STOR which is valued at $811,239. Store Capital Corp makes up approx 0.13% of Global Endowment Management Lp’s portfolio. Camarda Financial Advisors sold out all of its stake in STOR during the most recent quarter. The investment firm sold 911 shares of STOR which is valued $21,673.Teachers Advisors boosted its stake in STOR in the latest quarter, The investment management firm added 122,483 additional shares and now holds a total of 1,231,419 shares of Store Capital Corp which is valued at $32,829,631. Store Capital Corp makes up approx 0.06% of Teachers Advisors’s portfolio.Shinko Asset Management Ltd. boosted its stake in STOR in the latest quarter, The investment management firm added 472,923 additional shares and now holds a total of 638,555 shares of Store Capital Corp which is valued at $17,975,323. Store Capital Corp makes up approx 0.13% of Shinko Asset Management Ltd.’s portfolio.

Store Capital Corp opened for trading at $24.29 and hit $24.435 on the upside on Monday, eventually ending the session at $24.28, with a gain of 0.17% or 0.04 points. The heightened volatility saw the trading volume jump to 9,60,147 shares. Company has a market cap of $3,785 M.

On the company’s financial health, Store Capital Corp reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.39. The company had revenue of $97.00 million for the quarter, compared to analysts expectations of $96.16 million. The company’s revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Store Capital Corp. Shares were Reiterated by Wunderlich on Nov 4, 2016 to “Buy” and Lowered the Price Target to $ 29.50 from a previous price target of $34 .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.

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