Cedar Capital Lowers stake in Stag Industrial Inc (STAG)

Stag Industrial Inc (STAG) : Cedar Capital reduced its stake in Stag Industrial Inc by 16.51% during the most recent quarter end. The investment management company now holds a total of 266,520 shares of Stag Industrial Inc which is valued at $5.7 Million after selling 52,707 shares in Stag Industrial Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Stag Industrial Inc makes up approximately 1.66% of Cedar Capital’s portfolio.

Other Hedge Funds, Including , Stanley-laman Group Ltd. added STAG to its portfolio by purchasing 306,112 company shares during the most recent quarter which is valued at $6.5 Million. Stag Industrial Inc makes up approx 1.23% of Stanley-laman Group Ltd.’s portfolio. Richard Bernstein Advisors added STAG to its portfolio by purchasing 140,879 company shares during the most recent quarter which is valued at $3 Million. Stag Industrial Inc makes up approx 0.30% of Richard Bernstein Advisors’s portfolio.Rhumbline Advisers boosted its stake in STAG in the latest quarter, The investment management firm added 8,935 additional shares and now holds a total of 99,593 shares of Stag Industrial Inc which is valued at $2.1 Million. Stag Industrial Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio.Alexandria Capital boosted its stake in STAG in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 210 shares of Stag Industrial Inc which is valued at $4,192.

Stag Industrial Inc opened for trading at $20.46 and hit $20.69 on the upside on Friday, eventually ending the session at $20.56, with a gain of 1.03% or 0.21 points. The heightened volatility saw the trading volume jump to 4,59,861 shares. Company has a market cap of $1,402 M.

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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