Edgestream Partners L.P. acquired a new stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,232 shares of the real estate investment trust's stock, valued at approximately $514,000.
Other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings 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 worth $27,000 after acquiring an additional 506 shares in the last quarter. Tsfg LLC acquired a new stake in Stag Industrial in the first quarter worth about $32,000. Garde Capital Inc. acquired a new stake in Stag Industrial in the first quarter worth about $33,000. Proathlete Wealth Management LLC acquired a new stake in Stag Industrial in the first quarter worth about $47,000. Finally, Quarry LP acquired a new stake in Stag Industrial in the fourth quarter worth about $62,000. Institutional investors own 88.67% of the company's stock.
Stag Industrial Stock Performance
NYSE:STAG traded up $0.02 during trading hours on Monday, reaching $35.66. The company had a trading volume of 919,827 shares, compared to its average volume of 1,281,198. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $41.63. The firm has a market cap of $6.65 billion, a PE ratio of 26.81 and a beta of 0.93. The business's 50 day moving average price is $35.95 and its 200-day moving average price is $34.82. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick ratio of 1.25.
Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The business's revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. Research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.
Stag Industrial Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a $0.1242 dividend. 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 presently 112.03%.
Insider Activity at Stag Industrial
In other news, Director Benjamin S. Butcher sold 28,843 shares of the business'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 value 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. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Robert W. Baird decreased their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Finally, Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Stag Industrial presently has an average rating of "Hold" and an average price target of $39.71.
Get Our Latest Analysis on Stag Industrial
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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