Centiva Capital LP Acquires Shares of 14,617 STAG Industrial, Inc. (NYSE:STAG)

Centiva Capital LP bought a new position in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,617 shares of the real estate investment trust's stock, valued at approximately $494,000.

Other institutional investors have also added to or reduced their stakes in the company. BROOKFIELD Corp ON increased its position in shares of STAG Industrial by 5.0% during the 4th quarter. BROOKFIELD Corp ON now owns 15,657 shares of the real estate investment trust's stock valued at $530,000 after purchasing an additional 742 shares during the last quarter. Bridgefront Capital LLC bought a new position in shares of STAG Industrial during the 4th quarter valued at about $712,000. Captrust Financial Advisors increased its position in shares of STAG Industrial by 15.1% during the 4th quarter. Captrust Financial Advisors now owns 28,199 shares of the real estate investment trust's stock valued at $954,000 after purchasing an additional 3,699 shares during the last quarter. Bank of America Corp DE increased its position in shares of STAG Industrial by 8.0% during the 4th quarter. Bank of America Corp DE now owns 1,232,421 shares of the real estate investment trust's stock valued at $41,680,000 after purchasing an additional 90,915 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of STAG Industrial by 31.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,016,483 shares of the real estate investment trust's stock valued at $34,377,000 after purchasing an additional 240,795 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STAG. Royal Bank of Canada reduced their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Robert W. Baird reduced their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Raymond James increased their price objective on STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Barclays reduced their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, STAG Industrial currently has a consensus rating of "Hold" and an average price target of $39.63.

STAG Industrial Trading Down 1.2%

STAG traded down $0.44 on Wednesday, hitting $34.88. 1,256,479 shares of the company were exchanged, compared to its average volume of 1,216,753. The firm has a fifty day simple moving average of $33.88 and a two-hundred day simple moving average of $34.82. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The stock has a market capitalization of $6.51 billion, a PE ratio of 33.54 and a beta of 0.93.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. During the same quarter last year, the business posted $0.59 EPS. The business's revenue was up 9.7% on a year-over-year basis. Sell-side analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.27%. The ex-dividend date is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is currently 112.03%.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.