STAG Industrial Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend
Company 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. The Company owns 462 buildings in 38 states with approximately 92.3 million rentable square feet. The Company invests in properties warehouse/distribution buildings, light manufacturing buildings, and flex/office buildings. The Company focus on owning and operating a portfolio of individually acquired, single-tenant industrial properties throughout the United States. It also owns multi-tenant properties, as a result of acquiring properties with more than one tenant or of originally single-tenant properties re-leasing to multiple tenants. The Company owns all its properties and conducts its business primarily through STAG Industrial Operating Partnership, L.P. (Operating Partnership). The Company has a fully integrated acquisition, leasing and asset management platform.

Closing Price
$30.60
Day's Change
0.20 (0.66%)
Bid
--
Ask
--
B/A Size
--
Day's High
30.66
Day's Low
30.11
Volume
(Light)
Volume:
578,572

10-day average volume:
912,522
578,572

UPDATE: GameStop stock surges after Microsoft partnership announcement

4:50 pm ET October 8, 2020 (MarketWatch)
Print

Shares of GameStop Corp. (GME) gained 44% in Thursday trading after the company announced that it has entered into a multi-year partnership with Microsoft Corp. (MSFT). Through the partnership, GameStop will use Microsoft's Dynamics 365 portfolio of cloud applications to help run its back-end and in-store operations. GameStop plans to use Dynamics to gain insights into customer preferences. GameStop employees will also use Microsoft Surface tablets while working with customers, and GameStop will use Microsoft Teams for workplace communications. The company said in a release that it's adding Xbox All Access to its offerings, "which provides an Xbox console and 24 months of Xbox Game Pass Ultimate to players with no upfront cost." The company expects both it and Microsoft to benefit from "the customer acquisition and lifetime revenue value of each gamer brought into the Xbox ecosystem." Jefferies analyst Stephanie Wissink wrote that this Xbox arrangement is the most constructive to her bullish view on GameStop as it "at least partially remov[es] a headline risk that GameStop loses all value from software sales as they shift from physical to digital." She assumes that the company sees weaker economics for digital software versus physical sales "but some economics are better than none." Wissink has a buy rating and $10 price target on the stock. The stock has risen 217% over the past three months as the S&P 500 has gained 9%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 08, 2020 16:50 ET (20:50 GMT)

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