GAMMA Investing LLC Has $1.20 Million Stake in STAG Industrial, Inc. (NYSE:STAG)

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

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

Analyst Ratings Changes

A number of equities analysts have recently commented on STAG shares. Raymond James increased their price objective on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird reduced their price target on 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 issued a $38.00 price target on shares of STAG Industrial in a research note on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial presently has a consensus rating of "Hold" and a consensus price target of $39.71.

STAG Industrial Stock Performance

Shares of STAG stock traded down $0.34 on Monday, reaching $36.04. The stock had a trading volume of 1,367,985 shares, compared to its average volume of 1,270,577. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 34.65 and a beta of 0.94. The firm's 50-day moving average is $34.20 and its two-hundred day moving average is $34.60.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

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

Insider Buying and Selling at STAG Industrial

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 shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the transaction, the director now directly owns 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

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.