Wedge Capital Management L L P NC Boosts Stake in Stag Industrial, Inc. (STAG)

Wedge Capital Management L L P NC lifted its holdings in Stag Industrial, Inc. (NYSE:STAG) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,169,600 shares of the real estate investment trust’s stock after buying an additional 57,601 shares during the period. Wedge Capital Management L L P NC owned approximately 2.35% of Stag Industrial worth $59,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of STAG. SG Americas Securities LLC lifted its stake in shares of Stag Industrial by 3.4% in the first quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 215 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Stag Industrial by 9.2% in the first quarter. Teachers Advisors LLC now owns 153,074 shares of the real estate investment trust’s stock worth $3,830,000 after buying an additional 12,948 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Stag Industrial by 1.9% in the first quarter. TIAA CREF Investment Management LLC now owns 290,089 shares of the real estate investment trust’s stock worth $7,258,000 after buying an additional 5,417 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Stag Industrial by 6.4% in the first quarter. Thrivent Financial For Lutherans now owns 31,500 shares of the real estate investment trust’s stock worth $788,000 after buying an additional 1,900 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Stag Industrial by 13.0% in the first quarter. Geode Capital Management LLC now owns 601,168 shares of the real estate investment trust’s stock worth $15,041,000 after buying an additional 69,261 shares in the last quarter. 81.06% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $78.14 million during the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.99%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.40 EPS.

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Several equities research analysts recently issued reports on STAG shares. Evercore ISI upgraded shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price objective for the company in a research report on Monday, August 14th. BidaskClub cut shares of Stag Industrial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating and set a $32.00 price objective (up from $31.00) on shares of Stag Industrial in a research report on Tuesday, August 22nd. Finally, UBS AG upgraded shares of Stag Industrial from a “sell” rating to a “neutral” rating and lifted their price target for the company from $21.00 to $28.00 in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $28.25.

In related news, EVP Peter S. Fearey sold 1,033 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total transaction of $29,657.43. Following the completion of the sale, the executive vice president now owns 2,506 shares of the company’s stock, valued at approximately $71,947.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Stag Industrial Profile

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

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Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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