JanneyMontgomery Scott LLC analyst Robert Stevenson initiated coverage of STORE Capital Corp. with a rating of "buy."
The analyst wrote in a research report: "Our Buy ratingon STORE Capital is based on the company's strong earnings growth and discountedvaluation. This rating is within the context of our Neutral weighting on the Triple-NetREITs (although we have been much more positive on the retail-focused names similarto STOR) and our Neutral weighting on the REIT sector as a whole. Based in Scottsdale,Arizona, STORE Capital is a retail-focused Triple-Net REIT which owns 1325 propertiesin 46 states, totaling 30 million square feet, as of December 31, 2015. At year-end,STOR's portfolio was 99.8% occupied with a weighted average remaining lease termof roughly 14 years."