GAMMA Investing LLC Increases Stock Position in Stag Industrial, Inc. (NYSE:STAG)

GAMMA Investing LLC lifted its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 3,246.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,194 shares of the real estate investment trust's stock after buying an additional 32,202 shares during the quarter. GAMMA Investing LLC's holdings in Stag Industrial were worth $1,199,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Stag Industrial in the fourth quarter valued at $75,471,000. FMR LLC raised its stake in Stag Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after purchasing an additional 2,088,839 shares in the last quarter. Raymond James Financial Inc. bought a new position in Stag Industrial during the fourth quarter valued at $57,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Stag Industrial by 442.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock worth $46,144,000 after buying an additional 1,112,757 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Stag Industrial by 33.3% in the 4th quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock worth $70,685,000 after buying an additional 522,568 shares during the last quarter. Institutional investors own 88.67% of the company's stock.

Insider Activity

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's 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 sale, the director now directly owns 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of analyst reports. 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 report on Wednesday, May 7th. Raymond James Financial upped their price objective on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 target price 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $39.71.

Stag Industrial Trading Up 0.5%

STAG stock traded up $0.18 during midday trading on Thursday, reaching $36.30. The company's stock had a trading volume of 1,028,456 shares, compared to its average volume of 1,271,777. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 27.29 and a beta of 0.94. The stock has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $34.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current 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 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The firm had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. During the same period in the prior year, the business posted $0.59 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.1242 per share. This represents a dividend yield of 4.37%. The ex-dividend date was Friday, May 30th. Stag Industrial's dividend payout ratio (DPR) is presently 112.03%.

About Stag Industrial

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.