Advisory Services Network buys $140,634 stake in Stag Industrial Inc (STAG)

Stag Industrial Inc (STAG) : Advisory Services Network scooped up 38 additional shares in Stag Industrial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 6,332 shares of Stag Industrial Inc which is valued at $140,634.Stag Industrial Inc makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in STAG in the latest quarter, The investment management firm added 3,376 additional shares and now holds a total of 6,445 shares of Stag Industrial Inc which is valued at $144,819.

Stag Industrial Inc closed down -0.03 points or -0.13% at $22.21 with 7,91,037 shares getting traded on Friday. Post opening the session at $22.33, the shares hit an intraday low of $22.1 and an intraday high of $22.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Stag Industrial Inc reported $0.38 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $60.24 million for the quarter, compared to analysts expectations of $60.56 million. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Stag Industrial Inc. Company shares were Reiterated by DA Davidson on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $25 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $22 .Stag Industrial Inc was Downgraded by CapitalOne to ” Equal Weight” on Jul 18, 2016.

STAG Industrial Inc. is focused on the acquisition and operation of single-tenant industrial properties throughout the United States. As of December 31 2014 The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet consisting of 178 warehouse/distribution buildings 50 light manufacturing buildings and 20 flex/office buildings. The Company owns two developable vacant land parcels adjacent to two of its buildings. As of December 31 2014 its buildings were 94.9% leased to 227 tenants with no single tenant accounting for more than 2.3% of its total annualized rent and no single industry accounting for more than 12.1% of its total annualized rent.

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