Jump Financial LLC Takes $376,000 Position in STAG Industrial, Inc. (NYSE:STAG)

Jump Financial LLC bought a new stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,104 shares of the real estate investment trust's stock, valued at approximately $376,000.

A number of other hedge funds have also recently added to or reduced their stakes in STAG. FMR LLC increased its holdings in 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 worth $305,224,000 after purchasing an additional 2,088,839 shares in the last quarter. Geode Capital Management LLC grew its position in STAG Industrial by 0.5% in the 4th 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 in the last quarter. Channing Capital Management LLC lifted its holdings in STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock worth $76,421,000 after acquiring an additional 164,284 shares during the period. Norges Bank bought a new position in STAG Industrial in the 4th quarter valued at $75,471,000. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of STAG Industrial by 4.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust's stock valued at $61,905,000 after purchasing an additional 79,762 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Price Performance

Shares of STAG stock traded up $0.34 on Thursday, reaching $33.37. The company's stock had a trading volume of 204,268 shares, compared to its average volume of 1,192,610. The company has a market capitalization of $6.23 billion, a P/E ratio of 32.17 and a beta of 0.96. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The stock's 50 day simple moving average is $34.23 and its 200-day simple moving average is $35.08. 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 issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same quarter last year, the company posted $0.59 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities analysts predict 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 monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.46%. STAG Industrial's dividend payout ratio is presently 143.27%.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on STAG shares. Barclays reduced their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Raymond James reduced their target price on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada lowered their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.57.

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.