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

SG Americas Securities LLC lifted its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 269.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 155,724 shares of the real estate investment trust’s stock after acquiring an additional 113,557 shares during the period. SG Americas Securities LLC’s holdings in Stag Industrial were worth $5,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STAG. Channing Capital Management LLC grew its position in Stag Industrial by 8.3% in the third 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 in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Stag Industrial during the third quarter worth $11,422,000. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Stag Industrial in the third quarter valued at $1,127,000. Versor Investments LP purchased a new position in shares of Stag Industrial in the third quarter valued at $922,000. Finally, Wolverine Asset Management LLC grew its holdings in Stag Industrial by 408.0% during the 3rd 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 in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Stag Industrial news, Director Virgis Colbert sold 18,000 shares of the company’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 in the company, valued at $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO William R. Crooker sold 93,732 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 136,974 shares of company stock worth $5,345,904. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. JPMorgan Chase & Co. raised their target price on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Robert W. Baird set a $40.00 price target on Stag Industrial in a research note on Tuesday, February 17th. Finally, Barclays reissued an “underweight” rating and issued a $39.00 price target (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.50.

Stag Industrial Trading Down 0.1%

STAG opened at $36.05 on Wednesday. The stock has a market capitalization of $6.89 billion, a PE ratio of 24.69 and a beta of 1.04. The firm’s fifty day moving average price is $38.01 and its 200 day moving average price is $37.70. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $39.98.

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

Stag Industrial Dividend Announcement

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

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.