7,597 Shares in Stag Industrial, Inc. $STAG Acquired by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd has acquired 7,597 shares of Stag Industrial, Inc., amounting to approximately $276,000, as disclosed in their recent SEC filing.
• Stag Industrial recently announced a monthly dividend of $0.1242 per share to be paid on January 15th, with an annualized yield of 4.0%.
• Institutional investors hold 88.67% of Stag Industrial's stock, indicating strong institutional confidence in the company.

Bayforest Capital Ltd bought a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,597 shares of the real estate investment trust's stock, valued at approximately $276,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chung Wu Investment Group LLC bought a new position in shares of Stag Industrial during the 2nd quarter worth approximately $29,000. Tsfg LLC acquired a new stake in Stag Industrial during the 1st quarter valued at $32,000. Garde Capital Inc. acquired a new stake in Stag Industrial during the 1st quarter valued at $33,000. Avalon Trust Co acquired a new stake in Stag Industrial during the 1st quarter valued at $36,000. Finally, Keystone Global Partners LLC acquired a new stake in Stag Industrial during the 1st quarter valued at $41,000. Institutional investors own 88.67% of the company's stock.

Insiders Place Their Bets

In related news, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares of the company's stock, valued at $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin S. Butcher sold 25,000 shares of Stag Industrial stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director directly owned 7,562 shares of the company's stock, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Stag Industrial Stock Up 2.0%

NYSE STAG opened at $37.54 on Thursday. The stock has a fifty day moving average of $35.82 and a 200-day moving average of $35.18. The stock has a market capitalization of $7.01 billion, a P/E ratio of 29.56 and a beta of 0.92. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts' consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business had revenue of $207.44 million during the quarter, compared to analysts' expectations of $206.37 million. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. Stag Industrial's payout ratio is 117.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on Stag Industrial in a report on Wednesday, October 1st. They set a "neutral" rating and a $37.00 price target for the company. Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a report on Wednesday, October 1st. Weiss Ratings reissued a "hold (c+)" rating on shares of Stag Industrial in a research note on Wednesday, October 8th. Finally, Evercore ISI lifted their target price on Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $38.00.

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.

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