Investors Buy Large Volume of Store Capital Call Options (STOR)
Store Capital Corp (NYSE:STOR) saw some unusual options trading on Tuesday. Investors acquired 945 call options on the company. This represents an increase of 950% compared to the typical volume of 90 call options.
Shares of Store Capital (NYSE STOR) opened at $24.80 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $4,710.00, a PE ratio of 37.01, a P/E/G ratio of 2.90 and a beta of 0.24. Store Capital has a 12-month low of $19.65 and a 12-month high of $26.58.
Store Capital (NYSE:STOR) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.24). Store Capital had a return on equity of 5.35% and a net margin of 35.67%. analysts anticipate that Store Capital will post 1.6 EPS for the current year.
A number of analysts have recently weighed in on the company. B. Riley restated a “neutral” rating on shares of Store Capital in a research note on Friday, November 3rd. Stifel Nicolaus raised their target price on Store Capital from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, October 16th. BidaskClub lowered Store Capital from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. SunTrust Banks restated a “buy” rating and issued a $25.00 target price on shares of Store Capital in a research note on Tuesday, October 24th. Finally, Robert W. Baird restated a “buy” rating on shares of Store Capital in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $27.08.
A number of hedge funds have recently made changes to their positions in STOR. Yellowstone Partners LLC bought a new position in Store Capital during the fourth quarter worth about $251,000. Strs Ohio boosted its holdings in Store Capital by 3.4% during the fourth quarter. Strs Ohio now owns 222,019 shares of the real estate investment trust’s stock worth $5,781,000 after buying an additional 7,400 shares during the last quarter. Laurel Grove Capital LLC bought a new position in Store Capital during the fourth quarter worth about $385,000. State of Alaska Department of Revenue boosted its holdings in Store Capital by 104.2% during the fourth quarter. State of Alaska Department of Revenue now owns 103,670 shares of the real estate investment trust’s stock worth $2,698,000 after buying an additional 52,890 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Store Capital by 9.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 856,884 shares of the real estate investment trust’s stock worth $22,314,000 after buying an additional 73,353 shares during the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.
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Store Capital Company Profile
STORE Capital Corporation is an internally managed net-lease real estate investment trust. The Company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. As of December 31, 2016, the Company owned a portfolio that consisted of investments in 1,660 property locations operated by 360 customers across 48 states.
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