Balyasny Asset Management L.P. Sells 299,101 Shares of STAG Industrial, Inc. (NYSE:STAG)

Balyasny Asset Management L.P. lowered its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 36.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 513,678 shares of the real estate investment trust's stock after selling 299,101 shares during the period. Balyasny Asset Management L.P. owned 0.28% of STAG Industrial worth $17,373,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Swiss National Bank raised its holdings in shares of STAG Industrial by 0.8% during the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock valued at $12,114,000 after buying an additional 2,800 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in STAG Industrial during the 4th quarter worth $1,276,000. Congress Asset Management Co. grew its stake in shares of STAG Industrial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock worth $7,472,000 after purchasing an additional 20,327 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of STAG Industrial by 2.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust's stock valued at $12,159,000 after purchasing an additional 8,259 shares during the period. Finally, US Bancorp DE raised its stake in shares of STAG Industrial by 1.5% during the fourth quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock valued at $917,000 after purchasing an additional 402 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

STAG Industrial Trading Up 2.2 %

Shares of STAG Industrial stock traded up $0.74 on Friday, reaching $34.60. 1,923,824 shares of the company were exchanged, compared to its average volume of 1,204,580. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 33.27 and a beta of 0.93. The stock has a fifty day moving average price of $33.94 and a 200-day moving average price of $34.85.

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

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's payout ratio is 112.03%.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

STAG Industrial Profile

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.