Stag Industrial, Inc. (NYSE:STAG) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 15.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 507,207 shares of the real estate investment trust's stock after buying an additional 67,910 shares during the period. Victory Capital Management Inc. owned 0.27% of Stag Industrial worth $18,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of 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 valued at $27,000 after acquiring an additional 506 shares in the last quarter. Tsfg LLC bought a new position in shares of Stag Industrial during the 1st quarter valued at about $32,000. Garde Capital Inc. bought a new position in shares of Stag Industrial in the 1st quarter valued at about $33,000. Proathlete Wealth Management LLC purchased a new stake in Stag Industrial in the 1st quarter worth about $47,000. Finally, Quarry LP purchased a new stake in Stag Industrial in the 4th quarter worth about $62,000. Institutional investors own 88.67% of the company's stock.

Insider Activity at Stag Industrial

In other 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 completion of the transaction, the director owned 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Stag Industrial Price Performance

Shares of STAG stock traded down $0.05 on Friday, reaching $35.52. 796,342 shares of the company were exchanged, compared to its average volume of 1,489,166. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 26.69 and a beta of 0.93. The business has a 50-day moving average price of $36.00 and a 200 day moving average price of $34.87. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. Stag Industrial's quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. Equities research analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.1242 dividend. This represents a dividend yield of 4.22%. The ex-dividend date is Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is 112.03%.

Analyst Ratings Changes

A number of research firms have recently issued reports on STAG. Robert W. Baird dropped their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial lifted 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. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set 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 assigned a buy rating to the stock. Based on data from MarketBeat, Stag Industrial presently has a consensus rating of "Hold" and an average 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.