Stock Mover of The Day: Store Capital Corp’s Trend Down, Especially After Today’s Weak Session

Stock Mover of The Day: Store Capital Corp's Trend Down, Especially After Today's Weak Session

The stock of Store Capital Corp (NYSE:STOR) is a huge mover today! Store Capital Corp (NYSE:STOR) has risen 17.43% since March 2, 2016 and is uptrending. It has outperformed by 9.18% the S&P500.
The move comes after 6 months negative chart setup for the $4.24 billion company. It was reported on Oct, 5 by We have $26.12 PT which if reached, will make NYSE:STOR worth $212.00 million less.

Analysts await Store Capital Corp (NYSE:STOR) to report earnings on November, 10. They expect $0.39 EPS, up 8.33% or $0.03 from last year’s $0.36 per share. STOR’s profit will be $60.15 million for 17.62 P/E if the $0.39 EPS becomes a reality. After $0.40 actual EPS 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 stock of Store Capital Corp (NYSE:STOR) earned “Buy” rating by Janney Capital on Tuesday, April 12. The company was upgraded on Friday, July 15 by KeyBanc Capital Markets. The company was maintained on Monday, July 11 by Stifel Nicolaus. Wunderlich maintained the shares of STOR in a report on Tuesday, May 10 with “Buy” rating. The rating was initiated by UBS with “Neutral” on Monday, October 19. As per Wednesday, September 16, the company rating was initiated by BMO Capital Markets. The stock of Store Capital Corp (NYSE:STOR) has “Neutral” rating given on Wednesday, February 3 by Ladenburg Thalmann. The stock of Store Capital Corp (NYSE:STOR) has “Buy” rating given on Thursday, August 25 by BTIG Research. The firm has “Overweight” rating given on Thursday, July 23 by Morgan Stanley. Wunderlich maintained it with “Buy” rating and $28 target price in Wednesday, February 24 report.

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 Q2 2016. Its down 3.55, from 5.44 in 2016Q1. The ratio turned negative, 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.
Ranger Mgmt L P last reported 4.15% of its portfolio in the stock. Janus Capital Mngmt Limited Liability Company last reported 0% of its portfolio in the stock. Gsa Cap Prtnrs Llp, a United Kingdom-based fund reported 24,700 shares. Shinko Asset Mngmt accumulated 165,632 shares or 0.03% of the stock. Great West Life Assurance Co Can owns 8,267 shares or 0% of their US portfolio. Utd Advisers Ltd Liability Corp owns 17,224 shares or 0.01% of their US portfolio. Moreover, Winslow Evans & Crocker Inc has 0% invested in Store Capital Corp (NYSE:STOR) for 300 shares. Advantus Capital Mngmt has invested 0.4% of its portfolio in Store Capital Corp (NYSE:STOR). Telemus Cap Limited Liability Company has 0.08% invested in the company for 21,000 shares. Amalgamated Bancorp has invested 0.03% of its portfolio in Store Capital Corp (NYSE:STOR). Adelante Cap Management Ltd Com holds 0.83% of its portfolio in Store Capital Corp (NYSE:STOR) for 610,513 shares. Green Street Invsts Lc reported 139,500 shares or 3.35% of all its holdings. Ubs Asset Americas reported 335,160 shares or 0.01% of all its holdings. The Pennsylvania-based Cbre Clarion Ltd has invested 0.54% in Store Capital Corp (NYSE:STOR). Monarch Partners Asset Mngmt Limited Liability Company accumulated 401,323 shares or 1.19% of the stock.

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.

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