Pensionfund Sabic buys $870,000 stake in Stag Industrial Inc (STAG)

Stag Industrial Inc (STAG) : Pensionfund Sabic scooped up 8,000 additional shares in Stag Industrial Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 43,500 shares of Stag Industrial Inc which is valued at $870,000.Stag Industrial Inc makes up approximately 0.27% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in STAG in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 100,500 shares of Stag Industrial Inc which is valued at $2 Million. Stag Industrial Inc makes up approx 0.27% of Pensionfund Dsm Netherlands’s portfolio.

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 opened for trading at $19.84 and hit $20.16 on the upside on Monday, eventually ending the session at $20, with a gain of 1.06% or 0.21 points. The heightened volatility saw the trading volume jump to 5,09,691 shares. Company has a market cap of $1,364 M.

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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