14,691 Shares in Stag Industrial, Inc. $STAG Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. has acquired a stake in Stag Industrial, Inc., purchasing 14,691 shares valued at approximately $531,000 during the first quarter.
• Analysts have mixed ratings on Stag Industrial, with a consensus rating of "Hold" and a target price of around $38.17, reflecting varying opinions on the stock's potential.
• Stag Industrial recently announced a monthly dividend of $0.1242, representing an annual yield of 4.0%, with a payout ratio of 117.32%.

Landscape Capital Management L.L.C. purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,691 shares of the real estate investment trust's stock, valued at approximately $531,000.

A number of other large investors have also recently made changes to their positions in the company. Earnest Partners LLC lifted its holdings in Stag Industrial by 0.7% during the 1st quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust's stock valued at $137,999,000 after buying an additional 25,140 shares in the last quarter. Harvest Portfolios Group Inc. lifted its holdings in Stag Industrial by 9.2% during the 1st quarter. Harvest Portfolios Group Inc. now owns 52,388 shares of the real estate investment trust's stock valued at $1,892,000 after buying an additional 4,393 shares in the last quarter. Synovus Financial Corp lifted its holdings in Stag Industrial by 22.8% during the 1st quarter. Synovus Financial Corp now owns 26,650 shares of the real estate investment trust's stock valued at $963,000 after buying an additional 4,955 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Stag Industrial by 303.1% during the 1st quarter. MetLife Investment Management LLC now owns 435,568 shares of the real estate investment trust's stock valued at $15,733,000 after buying an additional 327,526 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted 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 valued at $70,013,000 after buying an additional 1,169,533 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on STAG shares. Evercore ISI upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Robert W. Baird lowered 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 report on Wednesday, May 7th. Finally, Raymond James Financial upped their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Stag Industrial presently has a consensus rating of "Hold" and a consensus price target of $38.17.

Stag Industrial Stock Performance

Stag Industrial stock traded up $0.11 during mid-day trading on Thursday, reaching $36.60. 313,093 shares of the company traded hands, compared to its average volume of 1,461,253. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $40.40. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 28.79 and a beta of 0.94. The firm's fifty day moving average is $35.75 and its two-hundred day moving average is $35.12.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. During the same quarter in the prior year, the business posted $0.61 EPS. Stag Industrial's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.1242 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, August 29th. Stag Industrial's dividend payout ratio is 117.32%.

Insider Activity at Stag Industrial

In other 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

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.