AlphaQuest LLC Sells 68,861 Shares of Stag Industrial, Inc. $STAG

Key Points

• AlphaQuest LLC significantly reduced its stake in Stag Industrial, selling 68,861 shares, a decrease of 86.7%, and now holds 10,526 shares worth approximately $380,000.
• Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial, marking an 80.21% decrease in their ownership, with total proceeds from the sale around $1.06 million.
• Stag Industrial's most recent earnings report revealed EPS of $0.63 and revenue of $207.44 million, indicating a growth of 9.4% year-over-year, matching consensus estimates.

AlphaQuest LLC lessened its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 86.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,526 shares of the real estate investment trust's stock after selling 68,861 shares during the period. AlphaQuest LLC's holdings in Stag Industrial were worth $380,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Stag Industrial by 14.0% during the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust's stock worth $93,000 after purchasing an additional 317 shares in the last quarter. Securian Asset Management Inc. increased its holdings in Stag Industrial by 2.9% during the 1st quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust's stock worth $512,000 after purchasing an additional 395 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in Stag Industrial by 3.5% during the 4th quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock worth $395,000 after purchasing an additional 398 shares in the last quarter. PFG Investments LLC increased its holdings in Stag Industrial by 5.4% during the 1st quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust's stock worth $300,000 after purchasing an additional 429 shares in the last quarter. Finally, Moran Wealth Management LLC grew its holdings in shares of Stag Industrial by 1.2% in the 1st quarter. Moran Wealth Management LLC now owns 36,799 shares of the real estate investment trust's stock valued at $1,329,000 after acquiring an additional 436 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares in the company, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STAG. Raymond James Financial raised their price objective on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird cut their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Evercore ISI raised their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Stag Industrial presently has an average rating of "Hold" and an average price target of $38.17.

Stag Industrial Trading Up 1.9%

Shares of STAG stock opened at $37.00 on Thursday. The firm has a 50 day moving average price of $35.73 and a two-hundred day moving average price of $35.07. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.91 billion, a PE ratio of 29.13 and a beta of 0.91. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $40.62.

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

Stag Industrial Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a dividend of $0.1242 per share. The ex-dividend date is Friday, August 29th. This represents a yield of 429.0%. Stag Industrial's dividend payout ratio (DPR) is 117.32%.

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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