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 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!