Short Interest Coverage: Is Store Capital Corporation (NYSE:STOR)’s Fuel Running High? Reports Show Less Sellers

November 16, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Coverage: Is Store Capital Corporation (NYSE:STOR)’s Fuel Running High? Reports Show Less Sellers

The stock of Store Capital Corporation (NYSE:STOR) registered a decrease of 5.6% in short interest. STOR’s total short interest was 4.44 million shares in November as published by FINRA. Its down 5.6% from 4.70 million shares, reported previously. With 1.27 million shares average volume, it will take short sellers 4 days to cover their STOR’s short positions. The short interest to Store Capital Corporation’s float is 2.93%. The stock last traded at $24.56 per share. It is down 6.37% since April 14, 2016 and is downtrending. It has underperformed by 11.05% the S&P500.

STORE Capital Corporation is an internally managed net-lease real estate investment trust. The company has a market cap of $3.80 billion. The Firm is engaged in the acquisition, investment and management of single tenant operational real estate Properties. It has a 33.07 P/E ratio. The Company’s portfolio includes investments in approximately 1,330 property locations operated by over 300 clients across approximately 50 states.

Insitutional Activity: The institutional sentiment decreased to 1.89 in Q2 2016. 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.
Tiaa Cref Mgmt Llc accumulated 661,544 shares or 0.01% of the stock. The Connecticut-based Paloma Prns Mngmt Company has invested 0% in Store Capital Corp (NYSE:STOR). Aqr Mgmt Limited Co reported 146,781 shares or 0.01% of all its holdings. Endowment Lp reported 46,900 shares or 0.29% of all its holdings. Moreover, Raymond James Associates has 0.01% invested in Store Capital Corp (NYSE:STOR) for 123,905 shares. Landscape Mngmt Limited Liability reported 208,800 shares or 0.81% of all its holdings. Ngam Advsrs L P owns 114,134 shares or 0.05% of their US portfolio. Teachers holds 1.11M shares or 0.06% of its portfolio. M&T Savings Bank Corporation has invested 0% of its portfolio in Store Capital Corp (NYSE:STOR). D E Shaw & Co, a New York-based fund reported 936,427 shares. State Of Alaska Department Of Revenue owns 77,250 shares or 0.24% of their US portfolio. Spot Trading Ltd Company holds 0% of its portfolio in Store Capital Corp (NYSE:STOR) for 81 shares. The Kansas-based Creative Planning has invested 0% in Store Capital Corp (NYSE:STOR). Amer Intll Grp Inc Inc last reported 5,049 shares in the company. Moreover, Invesco has 0% invested in Store Capital Corp (NYSE:STOR) for 195,292 shares.

Store Capital Corp (NYSE:STOR) Ratings Coverage

Out of 11 analysts covering Store Capital Corporation (NYSE:STOR), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. Store Capital Corporation has been the topic of 17 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Mizuho initiated Store Capital Corp (NYSE:STOR) on Friday, October 14 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Monday, July 11. Wunderlich initiated the stock with “Buy” rating in Tuesday, October 27 report. The stock of Store Capital Corp (NYSE:STOR) earned “Overweight” rating by KeyBanc Capital Markets on Friday, July 15. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Wednesday, February 3. UBS initiated the stock with “Neutral” rating in Monday, September 26 report. BMO Capital Markets initiated the shares of STOR in a report on Wednesday, September 16 with “Outperform” rating. The firm has “Overweight” rating by CapitalOne given on Monday, December 7. Morgan Stanley upgraded the shares of STOR in a report on Thursday, July 23 to “Overweight” rating. The firm has “Buy” rating by Wunderlich given on Wednesday, February 24.

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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By Marie Mckinney


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