Whalen Wealth Management Inc. Purchases Shares of 12,185 Stag Industrial, Inc. (NYSE:STAG)

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

A number of other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of Stag Industrial by 204.9% in 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. Garde Capital Inc. acquired a new stake in Stag Industrial in the 1st quarter valued at approximately $33,000. Proathlete Wealth Management LLC bought a new position in Stag Industrial in the 1st quarter worth approximately $47,000. Quarry LP acquired a new position in shares of Stag Industrial during the fourth quarter worth approximately $62,000. Finally, UMB Bank n.a. lifted its holdings in shares of Stag Industrial by 175.3% during the first quarter. UMB Bank n.a. now owns 2,907 shares of the real estate investment trust's stock worth $105,000 after buying an additional 1,851 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on STAG shares. Robert W. Baird cut their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Raymond James Financial increased their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.71.

Stag Industrial Stock Up 0.2%

Shares of NYSE:STAG opened at $36.38 on Monday. The company's fifty day moving average is $34.68 and its 200-day moving average is $34.60. 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 52 week low of $28.61 and a 52 week high of $41.63. The company has a market capitalization of $6.79 billion, a PE ratio of 27.35 and a beta of 0.94.

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. The company had revenue of $205.57 million during 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%. The company's revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. Equities research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

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

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 28,843 shares of the business's stock in a transaction on 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 completion of the sale, the director now owns 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

About Stag Industrial

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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