Stag Industrial Inc (STAG) : New England Private Wealth Advisors added new position in Stag Industrial Inc during the most recent quarter end. The investment management firm now holds 28,625 shares of Stag Industrial Inc which is valued at $608,854 , the company said in a statement filed on May 12, 2016 with the SEC.Stag Industrial Inc makes up approximately 0.25% of New England Private Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Guyasuta Investment Advisors Inc boosted its stake in STAG in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 15,000 shares of Stag Industrial Inc which is valued at $319,050. Stag Industrial Inc makes up approx 0.04% of Guyasuta Investment Advisors Inc’s portfolio.Penserra Capital Management boosted its stake in STAG in the latest quarter, The investment management firm added 137 additional shares and now holds a total of 495 shares of Stag Industrial Inc which is valued at $10,529.Norges Bank boosted its stake in STAG in the latest quarter, The investment management firm added 51,646 additional shares and now holds a total of 631,552 shares of Stag Industrial Inc which is valued at $13.4 Million. Stag Industrial Inc makes up approx 0.01% of Norges Bank’s portfolio. Princeton Alpha Management Lp sold out all of its stake in STAG during the most recent quarter. The investment firm sold 48,128 shares of STAG which is valued $1 Million.State Of New Jersey Common Pension Fund D reduced its stake in STAG by selling 50,000 shares or 17.86% in the most recent quarter. The Hedge Fund company now holds 230,000 shares of STAG which is valued at $4.6 Million. Stag Industrial Inc makes up approx 0.02% of State Of New Jersey Common Pension Fund D’s portfolio.
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.