Forward Management Discloses Moves Into Stag Industrial Inc (STAG) and Armada Hoffler Properties Inc (AHH)

In two filings with the Securities and Exchange Commission, Alan Reid‘s Forward Management reported slightly decreasing its position in Stag Industrial Inc (NYSE:STAG). The fund reported holding around 2.202 million shares, versus some 2.207 million held previously. Currently, the passive stake held by Forward amasses 4.99% of Stag Industrial’s common stock.

Stag Industrial Inc (NYSE:STAG)

Stag Industrial Inc (NYSE:STAG) focuses on acquisition, ownership and management of  industrial properties in the U.S. These are then leased out to individual tenants. The company has a portfolio of 209 properties spawning 34 states with 38.1 million rentable square feet. The company recently announced that it had renewed a lease for 5 years for 311,042 square feet in a warehouse and distribution property located in Chesterfield, Michigan.  The tenant provides packaging solutions to the automotive industry. Apart from Forward Management, Aqr Capital Management, managed by Cliff Asness, held approximately 283,000 shares worth $5.70 million and Jim Simons’ Renaissance Technologies held 277,000 shares worth $5.58 million at the end of the third quarter.

In a separate filing, Forward disclosed owning some 1.19 million shares of Armada Hoffler Properties Inc (NYSE:AHH), up from 1.18 million reported in Forward’s latest 13F. The stake amasses 6.22% of Armada’s common stock.

Armada Hoffler Properties, Inc develops, builds, owns, and manages office, retail and multifamily properties throughout the Mid-Atlantic United States. Apart from Forward Management, Aew Capital Management, managed by Jeffrey Furber, held 1.02 million shares worth $10.13 million in the company followed by Israel Englander’s Millennium Management with approximately 99,000 shares worth $982,000 at the end of the third quarter.

Forward Management had $1.54 billion in its equity portfolio at the end of the third quarter of 2013. With a multi-fund strategy, the fund has a majority holding in the Financial sector, though it also invests in other sectors.

According to the latest 13F, Forward also owns 1.30 million shares worth $32.03 million in Hospitality Properties Trust (NYSE:HPT) and 2.85 million shares worth $32.02 million in Lexington Realty Trust (NYSE:LXP) at the end of the third quarter.

Disclosure: none

Recommended Reading:

Accipiter Capital Management Trims Stake in Triple-S Management Corp. (GTS)

Bares Capital Management Cuts its Stake in Hallmark Financial Services, Inc. (HALL)

Blue Mountain Capital Management Further Slices Its Stake in Lexmark International Inc (LXK)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!