Wolverine Asset Management LLC Purchases 103,820 Shares of Stag Industrial, Inc. $STAG

Wolverine Asset Management LLC grew its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 408.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,263 shares of the real estate investment trust’s stock after buying an additional 103,820 shares during the quarter. Wolverine Asset Management LLC’s holdings in Stag Industrial were worth $4,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STAG. Private Trust Co. NA increased its position in shares of Stag Industrial by 2,183.9% during the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in Stag Industrial in the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC increased its position in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Stag Industrial by 58.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,458 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 539 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Stag Industrial during the 2nd quarter worth $62,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Activity at Stag Industrial

In other news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the transaction, the executive vice president directly owned 9,422 shares in the company, valued at approximately $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $37.45 on Friday. The firm has a market capitalization of $6.99 billion, a PE ratio of 28.80 and a beta of 1.06. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $38.09 and a two-hundred day moving average price of $36.88. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.73.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Equities analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio is currently 114.62%.

Analysts Set New Price Targets

STAG has been the subject of several research reports. Cantor Fitzgerald initiated coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price target for the company. Royal Bank Of Canada boosted their target price on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Citigroup raised their price target on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company upped their price objective on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.33.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.