UBS Initiates Coverage on Store Capital Corp to Neutral

UBS Initiates Coverage on Store Capital Corp(NYSE:STOR). The shares have been rated Neutral. The rating by UBS was issued on Sep 26, 2016.

In a different note, BTIG Research said it Initiates Coverage on Store Capital Corp, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Stifel Nicolaus said it Maintains its rating on Store Capital Corp. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Buy’ by the firm.

Store Capital Corp (STOR) made into the market gainers list on Thursdays trading session with the shares advancing 1.66% or 0.49 points. Due to strong positive momentum, the stock ended at $30.09, which is also near the day’s high of $30.115. The stock began the session at $29.88 and the volume stood at 7,55,953 shares. The 52-week high of the shares is $31.44 and the 52 week low is $20.36. The company has a current market capitalization of $4,611 M and it has 15,32,56,850 shares in outstanding.

Store Capital Corp has also declared a cash dividend of $0.2900 on Sep 6, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 17, 2016.

Store Capital Corp(STOR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $87.14M. Analysts had an estimated revenue of $86.47M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. 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.

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