In today’s session Store Capital Corp (STOR) registered an unusually high (228) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious STOR increase. With 228 contracts traded and 6674 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: STOR161021C00030000 closed last at: $0.35 or 12.5% down. Store Capital Corp (NYSE:STOR) has risen 12.80% since March 3, 2016 and is uptrending. It has outperformed by 4.46% the S&P500.
Analysts await Store Capital Corp (NYSE:STOR) to report earnings on November, 10. They expect $0.39 earnings per share, up 8.33% or $0.03 from last year’s $0.36 per share. STOR’s profit will be $60.21 million for 17.56 P/E if the $0.39 EPS becomes a reality. After $0.40 actual earnings per share reported by Store Capital Corp for the previous quarter, Wall Street now forecasts -2.50% negative EPS growth.
Store Capital Corp (NYSE:STOR) Ratings Coverage
Out of 10 analysts covering Store Capital Corporation (NYSE:STOR), 7 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 70% are positive. Store Capital Corporation has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, October 19 by UBS. On Friday, July 15 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. Credit Suisse downgraded the stock to “Underperform” rating in Friday, December 11 report. BTIG Research initiated Store Capital Corp (NYSE:STOR) rating on Thursday, August 25. BTIG Research has “Buy” rating and $35 price target. As per Wednesday, February 24, the company rating was maintained by Wunderlich. Stifel Nicolaus maintained the shares of STOR in a report on Monday, July 11 with “Buy” rating. Janney Capital initiated the stock with “Buy” rating in Tuesday, April 12 report. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, September 16. The firm has “Buy” rating by Wunderlich given on Tuesday, May 10. UBS initiated Store Capital Corp (NYSE:STOR) on Monday, September 26 with “Neutral” rating.
According to Zacks Investment Research, “STORE Capital Corporation is an internally managed net-lease real estate investment trust. It is engaged in the acquisition, investment and management of Single Tenant Operational Real Estate (STORE properties). The Company provides net-lease solutions principally to middle-market and larger companies that own STORE Properties. It invests in single-tenant real estate such as chain restaurants, supermarkets, health clubs, and education, retail, service, and distribution facilities. STORE Capital Corporation is based in Scottsdale, Arizona.”
Insitutional Activity: The institutional sentiment decreased to 1.89 in 2016 Q2. Its down 3.55, from 5.44 in 2016Q1. The ratio fall, as 26 funds sold all Store Capital Corp shares owned while 45 reduced positions. 50 funds bought stakes while 84 increased positions. They now own 164.72 million shares or 42.25% less from 285.24 million shares in 2016Q1.
Teacher Retirement Of Texas last reported 208,169 shares in the company. Northern Tru holds 0.01% of its portfolio in Store Capital Corp (NYSE:STOR) for 1.40 million shares. Manufacturers Life Com The accumulated 3,360 shares or 0% of the stock. Alyeska Inv Gru L P last reported 250,000 shares in the company. The Manitoba – Canada-based Great West Life Assurance Com Can has invested 0% in Store Capital Corp (NYSE:STOR). Creative Planning reported 2,646 shares or 0% of all its holdings. Moreover, Bnp Paribas Invest Prns has 0.16% invested in Store Capital Corp (NYSE:STOR) for 630,879 shares. Pub Employees Retirement Association Of Colorado, a Colorado-based fund reported 4,842 shares. Americafirst Cap Ltd holds 23,617 shares or 0% of its portfolio. Teachers Advsr Inc last reported 0.06% of its portfolio in the stock. National Bank Of America De last reported 0% of its portfolio in the stock. Camarda Fin Advsrs Ltd Llc holds 0.02% or 911 shares in its portfolio. Cbre Clarion Securities Llc, a Pennsylvania-based fund reported 2.32M shares. Victory Cap Mgmt Inc has 0.01% invested in the company for 71,660 shares. Fort Washington Inv Advsr Oh accumulated 37,097 shares or 0.02% of the stock.
STORE Capital Corporation is an internally managed net-lease real estate investment trust. The company has a market cap of $4.23 billion. The Firm is engaged in the acquisition, investment and management of single tenant operational real estate Properties. It has a 37.75 P/E ratio. The Company’s portfolio includes investments in approximately 1,330 property locations operated by over 300 clients across approximately 50 states.
STOR Company Profile
STORE Capital Corporation, incorporated on May 17, 2011, is an internally managed net-lease real estate investment trust. The Firm is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) Properties. The Company’s portfolio includes investments in approximately 1,330 property locations operated by over 300 clients across approximately 50 states. The Firm provides real estate financing solutions principally to businesses that own STORE properties and operate within the broad service, retail and industrial sectors of the United States economy.
Another recent and important Store Capital Corp (NYSE:STOR) news was published by Nasdaq.com which published an article titled: “STORE Capital is Oversold” on October 06, 2016.
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