Kennedy Capital Management buys $32.8 Million stake in Stag Industrial Inc (STAG)

Stag Industrial Inc (STAG) : Kennedy Capital Management scooped up 507,814 additional shares in Stag Industrial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,540,370 shares of Stag Industrial Inc which is valued at $32.8 Million.Stag Industrial Inc makes up approximately 0.68% of Kennedy Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in STAG in the latest quarter, The investment management firm added 241,363 additional shares and now holds a total of 9,960,065 shares of Stag Industrial Inc which is valued at $211.9 Million. Stag Industrial Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio.King Luther Capital Management Corp reduced its stake in STAG by selling 105,409 shares or 14.36% in the most recent quarter. The Hedge Fund company now holds 628,810 shares of STAG which is valued at $13.4 Million. Stag Industrial Inc makes up approx 0.13% of King Luther Capital Management Corp’s portfolio.Advantus Capital Management Inc reduced its stake in STAG by selling 146,700 shares or 55.0% in the most recent quarter. The Hedge Fund company now holds 120,025 shares of STAG which is valued at $2.6 Million. Stag Industrial Inc makes up approx 0.08% of Advantus Capital Management Inc’s portfolio.

Stag Industrial Inc closed down -0.04 points or -0.19% at $20.95 with 3,61,808 shares getting traded on Wednesday. Post opening the session at $20.96, the shares hit an intraday low of $20.76 and an intraday high of $21.0575 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Stag Industrial Inc reported $0.39 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $60.87 million for the quarter, compared to analysts expectations of $58.68 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Stag Industrial Inc. Stag Industrial Inc was Downgraded by BofA/Merrill to ” Underperform” on Mar 11, 2016. Stag Industrial Inc was Upgraded by CapitalOne to ” Overweight” on Mar 2, 2016. Shares were Upgraded by BB&T Capital Mkts on Feb 26, 2016 to ” Hold” and Lowered the Price Target to $ 19.50 from a previous price target of $20.50 .

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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