Bessemer Group Inc. raised its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 656,977 shares of the real estate investment trust's stock after purchasing an additional 33,892 shares during the quarter. Bessemer Group Inc. owned 0.35% of Stag Industrial worth $23,730,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STAG. Versant Capital Management Inc raised its position in Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 506 shares during the period. Garde Capital Inc. acquired a new position in shares of Stag Industrial in the first quarter worth $33,000. Proathlete Wealth Management LLC acquired a new position in shares of Stag Industrial in the first quarter worth $47,000. Quarry LP acquired a new position in shares of Stag Industrial in the fourth quarter worth $62,000. Finally, Principal Securities Inc. grew its stake in shares of Stag Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after acquiring an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.
Stag Industrial Stock Up 0.4%
Shares of STAG stock traded up $0.14 on Friday, reaching $36.23. 1,438,649 shares of the stock were exchanged, compared to its average volume of 1,273,746. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.86. The business's 50 day moving average price is $34.99 and its 200 day moving average price is $34.63. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 27.24 and a beta of 0.94. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63.
Stag Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The company's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, sell-side analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.
Stag Industrial Dividend Announcement
The business also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.1242 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 4.37%. Stag Industrial's dividend payout ratio is presently 112.03%.
Wall Street Analyst Weigh In
Several equities analysts have commented on STAG shares. Raymond James Financial boosted their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Robert W. Baird dropped their price target 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. Four equities research 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $39.71.
Check Out Our Latest Report on STAG
Insider Buying and Selling at Stag Industrial
In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the transaction, the director now owns 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.
About Stag Industrial
(
Free Report)
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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