Edgestream Partners L.P. Makes New $514,000 Investment in Stag Industrial, Inc. (NYSE:STAG)

Edgestream Partners L.P. bought a new stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 14,232 shares of the real estate investment trust's stock, valued at approximately $514,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas boosted its position in shares of Stag Industrial by 55.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock valued at $1,435,000 after purchasing an additional 14,155 shares during the period. Principal Financial Group Inc. raised its stake in shares of Stag Industrial by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock valued at $15,497,000 after acquiring an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Stag Industrial by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after acquiring an additional 571 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Stag Industrial in the fourth quarter valued at approximately $1,276,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock valued at $587,000 after buying an additional 1,295 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the transaction, the director directly owned 7,115 shares of the company's stock, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on STAG shares. Robert W. Baird lowered their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada reaffirmed 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, Raymond James Financial lifted their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Stag Industrial has a consensus rating of "Hold" and a consensus target price of $39.71.

Stag Industrial Price Performance

Stag Industrial stock traded up $0.29 during midday trading on Wednesday, reaching $36.32. The company's stock had a trading volume of 1,288,959 shares, compared to its average volume of 1,280,040. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. 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 has a 50-day moving average price of $35.97 and a 200-day moving average price of $34.84. The stock has a market cap of $6.78 billion, a PE ratio of 27.31 and a beta of 0.93.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The business had revenue of $205.57 million during the quarter, compared to analyst estimates of $202.04 million. During the same quarter last year, the business earned $0.59 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.1242 per share. This represents a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is 112.03%.

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.