Shares of STORE Capital Corporation (NYSE:STOR) traded today at $37.13, eclipsing its 52-week high. Approximately 509,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.
STORE Capital Corp is a real estate investment trust involved in the acquisition and management of single tenant operation real estate, or STORE, properties across the U.S. STORE Capital primarily leases facilities at which a company operates its business and generates sales to middle-market and large businesses through long-term agreements. Most of STORE’s revenue comes from its service sector customers, which include, notably, restaurants, movie theaters, health clubs, early childhood education centers, and furniture stores. A sizable percentage of STORE’s total real estate portfolio is comprised of the restaurant and industrial locations. Specifically, properties in Texas, Illinois, and Georgia make up a large amount of STORE’s investments as well.
STORE Capital Corporation (NYSE:STOR) has potential upside of 6.6% based on a current price of $36.39 and analysts’ consensus price target of $38.81.
In the past 52 weeks, STORE Capital Corporation share prices are bracketed by a low of $23.12 and a high of $37.13 and is now at $36.39, 57% above that low price.
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