GSA Capital Partners LLP Buys Shares of 28,425 Stag Industrial, Inc. (NYSE:STAG)

Key Points

• GSA Capital Partners LLP has acquired a new stake of 28,425 shares in Stag Industrial, Inc., valued at approximately $1,027,000.
• Several analysts have rated Stag Industrial stock with a consensus price target of $39.14, with Royal Bank Of Canada setting a price target of $38.00 while Evercore ISI increased theirs to $40.00.
• The company announced a dividend of $0.1242 per share with a payout ratio of 112.03%, reflecting a dividend yield of 422.0%.

GSA Capital Partners LLP bought a new stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,425 shares of the real estate investment trust's stock, valued at approximately $1,027,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of 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 buying an additional 506 shares during the last quarter. Tsfg LLC bought a new stake in Stag Industrial in the 1st quarter valued at $32,000. Garde Capital Inc. acquired a new stake in Stag Industrial during the 1st quarter valued at $33,000. Proathlete Wealth Management LLC acquired a new stake in Stag Industrial during the 1st quarter valued at $47,000. Finally, Quarry LP bought a new position in Stag Industrial during the fourth quarter worth $62,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Raymond James Financial increased their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI increased their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday. Robert W. Baird cut their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $39.14.

Insider Buying and Selling

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction 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 transaction, the director directly owned 7,115 shares of the company's stock, valued at $262,543.50. The trade was a 80.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Stock Performance

Shares of STAG stock traded up $0.07 on Friday, hitting $34.40. The company's stock had a trading volume of 2,325,118 shares, compared to its average volume of 1,423,874. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $40.95. The company has a market capitalization of $6.42 billion, a PE ratio of 27.09 and a beta of 0.91. The stock's 50 day moving average is $35.99 and its 200-day moving average is $34.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research 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 will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.1242 per share. This represents a yield of 422.0%. The ex-dividend date is Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is 112.03%.

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.