46,696 Shares in Stag Industrial, Inc. (NYSE:STAG) Acquired by Vanderbilt University

Vanderbilt University acquired a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 46,696 shares of the real estate investment trust's stock, valued at approximately $1,687,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in Stag Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock worth $12,114,000 after purchasing an additional 2,800 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Stag Industrial in the 4th quarter valued at about $1,276,000. US Bancorp DE increased its stake in shares of Stag Industrial by 1.5% during the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock valued at $917,000 after acquiring an additional 402 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Stag Industrial by 13.3% during the 4th quarter. Sanctuary Advisors LLC now owns 24,449 shares of the real estate investment trust's stock valued at $843,000 after acquiring an additional 2,866 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Stag Industrial during the 4th quarter worth about $470,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on STAG. Robert W. Baird decreased their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Finally, Raymond James Financial lifted their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $39.71.

Stag Industrial Trading Up 1.4%

Shares of NYSE:STAG traded up $0.50 during trading on Monday, reaching $36.87. 888,098 shares of the stock were exchanged, compared to its average volume of 1,269,649. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 27.72 and a beta of 0.94. The firm's 50-day moving average price is $34.78 and its 200 day moving average price is $34.61.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.1242 per share. This represents a dividend yield of 4.37%. The ex-dividend date was Friday, May 30th. Stag Industrial's payout ratio is currently 112.03%.

Insider Transactions at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the transaction, the director now directly owns 7,115 shares of the company's stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.