Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 64,547 shares of the real estate investment trust's stock, valued at approximately $2,331,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its stake in Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 506 shares during the period. Tsfg LLC acquired a new stake in Stag Industrial during the first quarter worth approximately $32,000. Garde Capital Inc. acquired a new stake in Stag Industrial during the first quarter worth approximately $33,000. Proathlete Wealth Management LLC bought a new position in Stag Industrial in the first quarter worth approximately $47,000. Finally, Quarry LP bought a new position in Stag Industrial in the fourth quarter worth approximately $62,000. 88.67% of the stock is currently owned by institutional investors.
Stag Industrial Stock Performance
Shares of NYSE STAG traded up $0.07 during trading on Friday, reaching $34.40. 2,325,114 shares of the stock traded hands, compared to its average volume of 1,513,781. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $40.95. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.25. The company has a 50-day moving average of $35.98 and a 200-day moving average of $34.94. The stock has a market capitalization of $6.42 billion, a P/E ratio of 27.09 and a beta of 0.93.
Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts' consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%. The firm had revenue of $207.44 million for the quarter, compared to analysts' expectations of $206.37 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts forecast 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 Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.1242 per share. This represents a yield of 422.0%. The ex-dividend date is Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is presently 112.03%.
Wall Street Analysts Forecast Growth
STAG has been the topic of several recent research reports. Robert W. Baird cut their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Evercore ISI raised their target price on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday. Raymond James Financial raised their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.14.
Get Our Latest Stock Report on STAG
Insider Activity at Stag Industrial
In related news, Director Benjamin S. Butcher sold 28,843 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the transaction, the director owned 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.
About Stag Industrial
(
Free Report)
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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