Segall Bryant & Hamill LLC lifted its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,118,063 shares of the real estate investment trust's stock after acquiring an additional 15,939 shares during the period. Stag Industrial accounts for 0.6% of Segall Bryant & Hamill LLC's holdings, making the stock its 29th largest position. Segall Bryant & Hamill LLC owned about 0.60% of Stag Industrial worth $40,384,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after buying an additional 506 shares in the last quarter. Tsfg LLC purchased a new position in Stag Industrial during the first quarter worth approximately $32,000. Garde Capital Inc. purchased a new position in Stag Industrial during the first quarter worth approximately $33,000. Proathlete Wealth Management LLC purchased a new position in Stag Industrial during the first quarter worth approximately $47,000. Finally, Quarry LP purchased a new position in Stag Industrial during the fourth quarter worth approximately $62,000. 88.67% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Stag Industrial
In related 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 transaction 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 approximately $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on STAG shares. Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird cut their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.71.
Get Our Latest Research Report on STAG
Stag Industrial Stock Performance
Shares of STAG stock traded up $0.35 during midday trading on Friday, hitting $35.63. The company had a trading volume of 1,254,624 shares, compared to its average volume of 1,281,757. The company's 50 day simple moving average is $35.95 and its 200 day simple moving average is $34.80. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 26.79 and a beta of 0.93. 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 results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same period in the previous year, the business earned $0.59 earnings per share. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.
Stag Industrial Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.1242 per share. The ex-dividend date is Thursday, July 31st. This represents a yield of 4.22%. Stag Industrial's dividend payout ratio is presently 112.03%.
Stag Industrial Profile
(
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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