Institutional Investors Are Buying Storagenetworks Inc (NYSE:STOR)

STORE Capital Corporation (NYSE:STOR) Logo

Sentiment for Storagenetworks Inc (NYSE:STOR)

Storagenetworks Inc (NYSE:STOR) institutional sentiment increased to 1.74 in Q1 2019. Its up 0.28, from 1.46 in 2018Q4. The ratio has increased, as 181 hedge funds opened new or increased positions, while 104 reduced and sold their stakes in Storagenetworks Inc. The hedge funds in our partner’s database now own: 196.37 million shares, up from 196.23 million shares in 2018Q4. Also, the number of hedge funds holding Storagenetworks Inc in their top 10 positions increased from 3 to 5 for an increase of 2. Sold All: 24 Reduced: 80 Increased: 124 New Position: 57.

STORE Capital Corporation is a privately owned real estate investment trust. The company has market cap of $7.78 billion. The firm invests in the real estate markets. It has a 34.39 P/E ratio. It primarily invests in single-tenant properties including chain restaurants, supermarkets, drugstores and other retail, service and distribution facilities.

The stock increased 0.09% or $0.03 during the last trading session, reaching $34.25. About 873,961 shares traded. STORE Capital Corporation (NYSE:STOR) has risen 31.63% since July 14, 2018 and is uptrending. It has outperformed by 27.20% the S&P500.

Analysts await STORE Capital Corporation (NYSE:STOR) to report earnings on August, 1. They expect $0.47 earnings per share, up 4.44 % or $0.02 from last year’s $0.45 per share. STOR’s profit will be $106.72M for 18.22 P/E if the $0.47 EPS becomes a reality. After $0.48 actual earnings per share reported by STORE Capital Corporation for the previous quarter, Wall Street now forecasts -2.08 % negative EPS growth.

Green Street Investors Llc holds 5.24% of its portfolio in STORE Capital Corporation for 282,600 shares. Cbre Clarion Securities Llc owns 5.66 million shares or 3.1% of their US portfolio. Moreover, Ami Investment Management Inc has 2.51% invested in the company for 142,005 shares. The Illinois-based Graybill Bartz & Assoc Ltd has invested 2.37% in the stock. Norman Fields Gottscho Capital Management Llc, a New York-based fund reported 128,732 shares.

STORE Capital Corporation (NYSE:STOR) Ratings Coverage

Ratings analysis reveals 100% of Store Capital’s analysts are positive. Out of 3 Wall Street analysts rating Store Capital, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $34 while the high is $3600. The stock’s average target of $36 is 5.11% above today’s ($34.25) share price. STOR was included in 7 notes of analysts from February 28, 2019. The stock of STORE Capital Corporation (NYSE:STOR) has “Outperform” rating given on Monday, May 6 by Raymond James. The stock of STORE Capital Corporation (NYSE:STOR) earned “Buy” rating by Raymond James on Thursday, February 28. The rating was maintained by Morgan Stanley on Thursday, July 11 with “Overweight”.

More notable recent STORE Capital Corporation (NYSE:STOR) news were published by: Seekingalpha.com which released: “Store Capital reports $460M of Q4 gross investments – Seeking Alpha” on February 21, 2019, also Seekingalpha.com with their article: “STORE Capital (STOR) CEO Chris Volk on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on February 21, 2019, Seekingalpha.com published: “Beyond Realty Income: Why I Am Instead Buying Store Capital – Seeking Alpha” on November 06, 2018. More interesting news about STORE Capital Corporation (NYSE:STOR) were released by: Finance.Yahoo.com and their article: “Is STORE Capital Corporation (NYSE:STOR) A Smart Pick For Income Investors? – Yahoo Finance” published on May 31, 2019 as well as Fool.com‘s news article titled: “5 Top Stocks to Buy in July – The Motley Fool” with publication date: June 26, 2019.

STORE Capital Corporation (NYSE:STOR) Ratings Chart

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