Bridge Creek Capital Management buys $4,707,224 stake in Stag Industrial Inc (STAG)

Stag Industrial Inc (STAG) : Bridge Creek Capital Management scooped up 38,600 additional shares in Stag Industrial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 229,062 shares of Stag Industrial Inc which is valued at $4,707,224.Stag Industrial Inc makes up approximately 2.71% of Bridge Creek Capital Management’s portfolio.

Stag Industrial Inc closed down -0.44 points or -2.18% at $19.75 with 5,86,124 shares getting traded on Wednesday. Post opening the session at $20.22, the shares hit an intraday low of $19.5975 and an intraday high of $20.31 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Bridge Creek Capital Management boosted its stake in STAG in the latest quarter, The investment management firm added 38,600 additional shares and now holds a total of 229,062 shares of Stag Industrial Inc which is valued at $4,707,224. Stag Industrial Inc makes up approx 2.71% of Bridge Creek Capital Management’s portfolio.State Of Alaska Department Of Revenue boosted its stake in STAG in the latest quarter, The investment management firm added 1,740 additional shares and now holds a total of 36,950 shares of Stag Industrial Inc which is valued at $759,323. Stag Industrial Inc makes up approx 0.08% of State Of Alaska Department Of Revenue’s portfolio.Endurance Wealth Management reduced its stake in STAG by selling 1,309 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 371,347 shares of STAG which is valued at $7,631,181. Stag Industrial Inc makes up approx 1.47% of Endurance Wealth Management’s portfolio.Prospera Financial Services Inc boosted its stake in STAG in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 16,900 shares of Stag Industrial Inc which is valued at $347,295. Stag Industrial Inc makes up approx 0.08% of Prospera Financial Services Inc’s portfolio. Denali Advisors sold out all of its stake in STAG during the most recent quarter. The investment firm sold 40,800 shares of STAG which is valued $838,440.

On the company’s financial health, Stag Industrial Inc reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.39. The company had revenue of $58.90 million for the quarter, compared to analysts expectations of $56.73 million. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 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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