Townsquare Capital LLC Has $638,000 Position in Stag Industrial, Inc. $STAG

Key Points

• Townsquare Capital LLC has significantly increased its stake in Stag Industrial, acquiring an additional 9,871 shares to bring its total holdings to 17,652 shares, valued at $638,000.
• Stag Industrial reported a $0.63 earnings per share for the last quarter, matching analysts' expectations, with a revenue of $207.44 million, marking a 9.4% year-over-year increase.
• The company declared a dividend of $0.1242 per share, representing a dividend yield of 422.0%, with a payout ratio of 117.32%.

Townsquare Capital LLC lifted its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 126.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,652 shares of the real estate investment trust's stock after acquiring an additional 9,871 shares during the quarter. Townsquare Capital LLC's holdings in Stag Industrial were worth $638,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new position in Stag Industrial in the first quarter worth approximately $372,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Stag Industrial by 5.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 127,474 shares of the real estate investment trust's stock valued at $4,604,000 after buying an additional 7,125 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Stag Industrial by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust's stock valued at $116,024,000 after purchasing an additional 87,659 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Stag Industrial by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust's stock valued at $945,572,000 after purchasing an additional 347,729 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in shares of Stag Industrial by 26.7% during the 1st quarter. Centersquare Investment Management LLC now owns 184,800 shares of the real estate investment trust's stock valued at $6,675,000 after purchasing an additional 39,000 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director directly owned 7,115 shares in the company, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI lifted their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Raymond James Financial lifted their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird dropped their target price on shares of 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 reiterated a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Stag Industrial currently has an average rating of "Hold" and an average price target of $38.17.

Stag Industrial Price Performance

Shares of Stag Industrial stock traded up $1.71 during trading on Tuesday, hitting $36.06. 1,464,226 shares of the company's stock traded hands, compared to its average volume of 1,493,342. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The firm's fifty day moving average price is $35.75 and its 200 day moving average price is $34.99. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.75. The company has a market cap of $6.73 billion, a PE ratio of 28.39 and a beta of 0.91.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. Analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.1242 dividend. This represents a yield of 422.0%. The ex-dividend date was Thursday, July 31st. Stag Industrial's dividend payout ratio is currently 117.32%.

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.