Stag Industrial, Inc. $STAG Stock Position Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 273.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,221 shares of the real estate investment trust's stock after acquiring an additional 17,010 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Stag Industrial were worth $842,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in STAG. Chung Wu Investment Group LLC purchased a new stake in shares of Stag Industrial in the 2nd quarter valued at approximately $29,000. Tsfg LLC purchased a new stake in shares of Stag Industrial in the 1st quarter valued at approximately $32,000. Garde Capital Inc. acquired a new position in Stag Industrial in the 1st quarter valued at approximately $33,000. Avalon Trust Co acquired a new position in Stag Industrial in the 1st quarter valued at approximately $36,000. Finally, Keystone Global Partners LLC acquired a new position in Stag Industrial in the 1st quarter valued at approximately $41,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the transaction, the director owned 7,562 shares in the company, valued at $279,113.42. This represents a 76.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director owned 38,666 shares in the company, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Stag Industrial Stock Performance

Shares of STAG opened at $38.27 on Friday. The company's fifty day moving average is $35.95 and its 200-day moving average is $35.20. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $38.55. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 30.13 and a beta of 0.92. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company 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 quarterly revenue was up 9.4% on a year-over-year basis. Equities 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 monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.9%. Stag Industrial's dividend payout ratio is 117.32%.

Analysts Set New Price Targets

STAG has been the topic of several research reports. Industrial Alliance Securities set a $37.00 price objective on shares of Stag Industrial in a research note on Wednesday, October 1st. Cantor Fitzgerald initiated coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $37.00 price objective on the stock. Evercore ISI upped their price objective on shares of Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Stag Industrial in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $38.00.

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.

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