323,666 Shares in Stag Industrial, Inc. $STAG Purchased by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL purchased a new position of 323,666 shares of Stag Industrial in Q3, valued at approximately $11.42 million and representing about 0.17% ownership.
• Stag beat quarterly expectations with $0.66 EPS and $220.9M revenue (up 10.8% YoY) and announced a quarterly dividend of $0.3875 (annualized $1.55) for a 4.2% yield, though the payout ratio is 102%.
• Institutional activity is heavy—Norges Bank opened a roughly $282.9M position and institutions own ~88.7% of shares—while insiders have sold 136,974 shares over the past 90 days, leaving insiders with ~1.1% ownership.

Tudor Investment Corp ET AL purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 323,666 shares of the real estate investment trust's stock, valued at approximately $11,422,000. Tudor Investment Corp ET AL owned approximately 0.17% of Stag Industrial at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Stag Industrial during the 2nd quarter valued at approximately $282,893,000. Balyasny Asset Management L.P. increased its holdings in Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust's stock worth $20,148,000 after acquiring an additional 541,170 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust's stock worth $60,391,000 after acquiring an additional 451,355 shares in the last quarter. Prudential Financial Inc. raised its position in Stag Industrial by 57.0% during the second quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust's stock worth $41,622,000 after acquiring an additional 416,415 shares during the period. Finally, Hudson Bay Capital Management LP raised its position in Stag Industrial by 120.0% during the second quarter. Hudson Bay Capital Management LP now owns 747,958 shares of the real estate investment trust's stock worth $27,136,000 after acquiring an additional 407,910 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on STAG. iA Financial set a $39.00 target price on shares of Stag Industrial in a research report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price target 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. Wall Street Zen raised shares of Stag Industrial from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Stag Industrial in a research note on Monday, December 22nd. Finally, Robert W. Baird set a $40.00 target price on 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, the company currently has an average rating of "Hold" and a consensus price target of $39.50.

Stag Industrial Stock Down 2.4%

Shares of NYSE STAG opened at $36.59 on Friday. The stock has a market cap of $7.00 billion, a PE ratio of 25.06 and a beta of 1.04. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $39.98. The company has a 50-day moving average of $38.21 and a 200 day moving average of $37.70.

Stag Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The business had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The business's revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. As a group, sell-side analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. Stag Industrial's payout ratio is 102.05%.

Insiders Place Their Bets

In other Stag Industrial news, Director Virgis Colbert sold 18,000 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the sale, the director directly owned 4,210 shares in the company, valued at $160,316.80. This represents a 81.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matts Pinard sold 25,242 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the sale, the executive vice president directly owned 951 shares of the company's stock, valued at $37,260.18. This trade represents a 96.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 136,974 shares of company stock valued at $5,345,904. Insiders own 1.10% of the company's stock.

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.

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