Stag Industrial, Inc. $STAG Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Stag Industrial, Inc. (NYSE:STAG) by 269.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,724 shares of the real estate investment trust’s stock after acquiring an additional 113,557 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Stag Industrial worth $5,724,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Channing Capital Management LLC raised its holdings in Stag Industrial by 8.3% in the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock valued at $77,174,000 after acquiring an additional 167,093 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Stag Industrial during the third quarter worth $11,422,000. Versor Investments LP acquired a new stake in shares of Stag Industrial during the third quarter worth $922,000. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Stag Industrial in the third quarter valued at $1,127,000. Finally, Wolverine Asset Management LLC grew its position in shares of Stag Industrial by 408.0% in the third quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust’s stock valued at $4,562,000 after purchasing an additional 103,820 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on STAG. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. iA Financial set a $39.00 price objective on shares of Stag Industrial in a research note on Tuesday, January 13th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. JPMorgan Chase & Co. raised their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $39.50.

Insider Activity at Stag Industrial

In other Stag Industrial news, CEO William R. Crooker sold 93,732 shares of Stag Industrial stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.17, for a total transaction of $3,671,482.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Virgis Colbert sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the sale, the director owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. This represents a 81.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 136,974 shares of company stock worth $5,345,904. Company insiders own 1.10% of the company’s stock.

Stag Industrial Price Performance

Shares of Stag Industrial stock opened at $36.05 on Wednesday. The business’s fifty day moving average price is $38.01 and its 200 day moving average price is $37.70. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.98. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $6.89 billion, a P/E ratio of 24.69 and a beta of 1.04.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. As a group, research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is 106.16%.

Stag Industrial 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.