Stag Industrial Inc (STAG) : Forum Securities Ltd reduced its stake in Stag Industrial Inc by 44.56% during the most recent quarter end. The investment management company now holds a total of 74,524 shares of Stag Industrial Inc which is valued at $1,840,743 after selling 59,900 shares in Stag Industrial Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Stag Industrial Inc makes up approximately 5.32% of Forum Securities Ltd’s portfolio.
Other Hedge Funds, Including , Sg Americas Securities sold out all of its stake in STAG during the most recent quarter. The investment firm sold 7,264 shares of STAG which is valued $179,421. Anchor Capital Advisors added STAG to its portfolio by purchasing 13,090 company shares during the most recent quarter which is valued at $323,323. Stag Industrial Inc makes up approx 0.01% of Anchor Capital Advisors’s portfolio.Wedge Capital Management L L Pnc reduced its stake in STAG by selling 1,676,807 shares or 85.38% in the most recent quarter. The Hedge Fund company now holds 287,240 shares of STAG which is valued at $7,290,151. Stag Industrial Inc makes up approx 0.08% of Wedge Capital Management L L Pnc’s portfolio.Strs Ohio reduced its stake in STAG by selling 590 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 124,993 shares of STAG which is valued at $3,071,078. Stag Industrial Inc makes up approx 0.01% of Strs Ohio’s portfolio.
Stag Industrial Inc closed down -0.21 points or -0.85% at $24.45 with 7,44,638 shares getting traded on Monday. Post opening the session at $24.74, the shares hit an intraday low of $24.32 and an intraday high of $24.74 and the price fluctuated in this range throughout the day.Shares ended Monday 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.