Two Sigma Investments LP Cuts Position in STAG Industrial, Inc. (NYSE:STAG)

Two Sigma Investments LP decreased its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 57.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 20,369 shares of the real estate investment trust's stock after selling 27,617 shares during the period. Two Sigma Investments LP's holdings in STAG Industrial were worth $689,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of STAG. Oregon Public Employees Retirement Fund grew its position in STAG Industrial by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock valued at $1,256,000 after acquiring an additional 300 shares in the last quarter. Values First Advisors Inc. grew its position in STAG Industrial by 2.2% in the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock valued at $492,000 after acquiring an additional 307 shares in the last quarter. Synovus Financial Corp grew its position in STAG Industrial by 1.8% in the fourth quarter. Synovus Financial Corp now owns 21,695 shares of the real estate investment trust's stock valued at $734,000 after acquiring an additional 377 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in STAG Industrial by 6.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust's stock valued at $229,000 after acquiring an additional 387 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in STAG Industrial by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock valued at $535,000 after acquiring an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Performance

STAG stock opened at $36.86 on Friday. The company has a market capitalization of $6.88 billion, a P/E ratio of 35.44 and a beta of 0.94. The company has a 50-day simple moving average of $33.83 and a 200 day simple moving average of $34.63. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week 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.

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

STAG Industrial Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 4.37%. STAG Industrial's payout ratio is presently 112.03%.

Analyst Upgrades and Downgrades

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

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