AQR Capital Management LLC Has $12.63 Million Stake 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 stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 70.0% during the 1st 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 buying an additional 144,368 shares during the period. AQR Capital Management LLC owned approximately 0.19% of Stag Industrial worth $12,633,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of STAG. Nuveen LLC acquired a new stake in Stag Industrial during the 1st quarter worth approximately $129,972,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in Stag Industrial by 152.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust's stock worth $70,013,000 after buying an additional 1,169,533 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Stag Industrial by 442.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock worth $46,144,000 after buying an additional 1,112,757 shares during the period. Woodline Partners LP acquired a new stake in Stag Industrial during the 4th quarter worth approximately $15,446,000. Finally, Boston Trust Walden Corp raised its holdings in Stag Industrial by 17.5% during the 1st quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock worth $106,283,000 after buying an additional 437,527 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on STAG. Evercore ISI raised their target price on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday. Royal Bank Of Canada restated a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $38.33.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 25,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the transaction, the director directly owned 7,562 shares in the company, valued at approximately $279,113.42. The trade was a 76.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Stag Industrial Stock Down 1.0%

Shares of NYSE STAG traded down $0.37 during midday trading on Monday, reaching $35.89. The company's stock had a trading volume of 987,913 shares, compared to its average volume of 1,065,251. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $40.40. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 28.26 and a beta of 0.94. The stock has a 50 day simple moving average of $35.73 and a 200-day simple moving average of $35.17.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts' consensus estimates of $0.63. The business had revenue of $207.44 million for 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 firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. Equities research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, August 29th. Stag Industrial's payout ratio is presently 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.