AQR Capital Management LLC Boosts Stock Position in Stag Industrial, Inc. $STAG

Key Points

• AQR Capital Management LLC increased its stake in Stag Industrial, Inc. by 70.0%, acquiring an additional 144,368 shares and bringing its total ownership to approximately $12.6 million.
• The company recently reported quarterly earnings of $0.63 per share, meeting analysts' expectations, with a revenue increase of 9.4% year-over-year.
• Stag Industrial declared a monthly dividend of $0.1242, representing an annualized yield of 4.1%, with a payout ratio currently at 117.32%.

AQR Capital Management LLC boosted its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 70.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 350,708 shares of the real estate investment trust's stock after acquiring an additional 144,368 shares during the period. AQR Capital Management LLC owned 0.19% of Stag Industrial worth $12,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 506 shares during the period. Tsfg LLC bought a new stake in shares of Stag Industrial during the first quarter valued at about $32,000. Garde Capital Inc. bought a new stake in shares of Stag Industrial during the first quarter valued at about $33,000. Avalon Trust Co bought a new position in shares of Stag Industrial in the first quarter worth approximately $36,000. Finally, Keystone Global Partners LLC bought a new position in shares of Stag Industrial in the first quarter worth approximately $41,000. 88.67% of the stock is currently owned by institutional investors.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the 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 completion of the transaction, the director owned 7,562 shares in the company, valued at approximately $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Stag Industrial Trading Down 0.4%

Shares of NYSE:STAG traded down $0.16 during trading on Friday, reaching $36.27. 718,118 shares of the company traded hands, compared to its average volume of 1,103,012. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 28.56 and a beta of 0.94. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $40.40. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The business's fifty day moving average is $35.74 and its 200-day moving average is $35.18.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same quarter last year, the firm posted $0.61 earnings per share. The firm's revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%. Stag Industrial's dividend payout ratio (DPR) is presently 117.32%.

Analyst Upgrades and Downgrades

STAG has been the topic of several research analyst reports. Evercore ISI upped their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $38.17.

Stag Industrial Company 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.