Whalen Wealth Management Inc. Makes New $440,000 Investment in Stag Industrial, Inc. (NYSE:STAG)

Whalen Wealth Management Inc. purchased a new position in Stag Industrial, Inc. (NYSE:STAG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,185 shares of the real estate investment trust's stock, valued at approximately $440,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of Stag Industrial by 30.1% during the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after buying an additional 2,088,839 shares in the last quarter. Earnest Partners LLC lifted its position in Stag Industrial by 6.6% during the 4th quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock valued at $128,361,000 after acquiring an additional 235,622 shares during the period. Nuveen Asset Management LLC boosted its stake in Stag Industrial by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock worth $124,445,000 after acquiring an additional 204,948 shares in the last quarter. Geode Capital Management LLC grew its holdings in Stag Industrial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock worth $115,748,000 after purchasing an additional 18,009 shares during the period. Finally, Boston Trust Walden Corp increased its stake in shares of Stag Industrial by 17.5% during the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock valued at $106,283,000 after purchasing an additional 437,527 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Price Performance

Shares of Stag Industrial stock traded up $0.58 during trading hours on Thursday, hitting $36.13. The company's stock had a trading volume of 1,478,423 shares, compared to its average volume of 1,273,089. The company has a market cap of $6.74 billion, a PE ratio of 27.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50 day moving average price of $34.99 and a two-hundred day moving average price of $34.63. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The company had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter last year, the company earned $0.59 EPS. The firm's quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.1242 dividend. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, May 30th. Stag Industrial's dividend payout ratio (DPR) is presently 112.03%.

Insider Transactions at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the sale, the director now directly owns 7,115 shares of the company's stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on STAG. Robert W. Baird dropped their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Finally, Raymond James Financial increased 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company 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.