STAG Industrial, Inc. (NYSE:STAG) Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 391.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,815 shares of the real estate investment trust's stock after purchasing an additional 293,777 shares during the quarter. SG Americas Securities LLC owned about 0.20% of STAG Industrial worth $13,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank raised its stake in shares of STAG Industrial by 0.8% during the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock valued at $12,114,000 after purchasing an additional 2,800 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of STAG Industrial during the fourth quarter valued at about $1,276,000. Congress Asset Management Co. raised its stake in shares of STAG Industrial by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock valued at $7,472,000 after purchasing an additional 20,327 shares in the last quarter. Asset Management One Co. Ltd. raised its position in STAG Industrial by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust's stock worth $12,159,000 after acquiring an additional 8,259 shares in the last quarter. Finally, US Bancorp DE raised its position in STAG Industrial by 1.5% in the fourth quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock worth $917,000 after acquiring an additional 402 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Trading Down 0.8%

STAG traded down $0.30 during trading on Friday, reaching $36.34. The company had a trading volume of 1,495,491 shares, compared to its average volume of 1,270,186. The firm's 50-day simple moving average is $34.20 and its 200 day simple moving average is $34.62. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 34.94 and a beta of 0.94. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. STAG Industrial's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. Equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 4.37%. STAG Industrial's dividend payout ratio is currently 112.03%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 28,843 shares of STAG Industrial stock in a transaction dated 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 now owns 7,115 shares of the company's stock, valued at $262,543.50. The trade was a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on STAG. Raymond James boosted 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. Robert W. Baird dropped their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 price target on shares of STAG Industrial in a research report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $39.71.

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.