Stocks on the Move: Stag Industrial Inc (NYSE:STAG), Lamar Advertising Co (NASDAQ:LAMR), Cathay General Bancorp (NASDAQ:CATY)

On Wednesday, Shares of Stag Industrial Inc (NYSE:STAG), subtract -2.37% and closed at $22.23 in the last trading session. The last trading range of the stock ranges between $21.80 and $22.51. STAG Industrial, Inc. (the “Company”) (STAG), a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States, recently declared its financial and operating results for the third quarter of 2016.

“We are happy with our performance this year and our expectations for the fourth quarter and beyond,” said Ben Butcher, Chief Executive Officer of the Company. “We will continue to focus on growing the bottom line and delivering the best risk adjusted returns to our shareholders.”

Highlights:

Stated $(0.06) of net loss per basic and diluted share for the third quarter of 2016, a increase of 45.5% contrast to the third quarter ended September 30, 2015. Stated $(4.3) million of net loss attributable to common stockholders contrast to $(7.1) million for the third quarter of 2015, a increase of 39.9%. For the nine months ended September 30, 2016, net loss attributable to common stockholders raised 48.1% contrast to the same period last year.

Achieved $0.40 of Core FFO per basic and diluted share for the third quarter of 2016, a boost of 2.6% contrast to the third quarter ended September 30, 2015. Generated Core FFO of $30.3 million contrast to $27.7 million for the third quarter of 2015, a boost of 9.1%. For the nine months ended September 30, 2016, Core FFO raised 11.9% in the aggregate contrast to the same period last year.

Generated Cash NOI of $51.9 million contrast to $47.2 million for the third quarter of 2015, a boost of 9.9%. For the nine months ended September 30, 2016, Cash NOI raised 13.9% in the aggregate contrast to the same period last year.

Attained 13 buildings in the third quarter of 2016, consisting of 3.7 million square feet for $166.0 million with a weighted average Capitalization Rate of 7.9%.

Sold three buildings in the third quarter of 2016, consisting of 139,509 square feet for $835,000.

Lamar Advertising Co (NASDAQ:LAMR), dropped -0.46% and closed at $61.10 in the last trading session. The last trading range of the stock ranges between $60.04 and $61.46. The company’s Market capitalization is $5.95 Billion with the total Outstanding Shares of 82.71 million. Lamar Advertising Company (LAMR), a leading owner and operator of outdoor advertising and logo sign displays, declares the Company’s operating results for the third quarter ended September 30, 2016.

“We are very happy with the third quarter results, which turned out better than we had anticipated, thanks in part to a pick up in political spending and continued strength in our digital platform,” said Lamar CEO Sean Reilly. “We expect to finish the year at the upper end of our formerly offered AFFO guidance of $4.85 to $5.00 per share.”

Third Quarter Highlights

Same unit digital revenue raised 6.6%

FFO raised $7.4 million

AFFO raised $11.3 million

Diluted AFFO per share raised 7.9%

Cathay General Bancorp (NASDAQ:CATY), gained 5.86% and closed at $31.79 in the last trading session. The last trading range of the stock ranges between $29.93 and $31.99. During the 52-week trading session the minimum price at which share price traded, registered at $25.62 and reached to max level of $34.69. Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the United States. It offers various deposit products, counting passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit, and public funds deposits. The company’s loan portfolio consists of commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, in addition to installment loans to individuals for automobile, household, and other consumer expenditures. In addition, it provides letters of credit, wire transfers, forward currency spot and forward contracts, traveler’s checks, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up windows, automatic teller machines, Internet banking, investment, and other customary bank services, in addition to securities and insurance products. As of December 31, 2015, the company operated 21 branches in southern California; 12 branches in northern California; 12 branches in New York; 3 branches in Illinois; 3 branches in Washington; 2 branches in Texas; 1 in Maryland; 1 in Massachusetts; 1 in Nevada; 1 in New Jersey; and 1 in Hong Kong, in addition to a representative office in Shanghai and in Taipei.

Leave a Reply

Your email address will not be published. Required fields are marked *