Nebula Research & Development LLC purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,027 shares of the real estate investment trust's stock, valued at approximately $576,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial during the 4th quarter worth $43,000. Hilltop National Bank grew its holdings in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after buying an additional 362 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 510 shares during the period. Aew Capital Management L P increased its stake in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock valued at $108,000 after buying an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of STAG Industrial during the fourth quarter worth about $109,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.
STAG Industrial Price Performance
Shares of NYSE STAG traded up $0.07 on Thursday, hitting $33.10. The company's stock had a trading volume of 1,152,356 shares, compared to its average volume of 1,194,389. The stock has a 50 day moving average of $34.19 and a 200-day moving average of $35.05. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 31.82 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 company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.
STAG Industrial (NYSE:STAG - Get Free Report) last posted its 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. The firm had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. STAG Industrial's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. As a group, research analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.
STAG Industrial Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Monday, June 30th. STAG Industrial's payout ratio is currently 143.27%.
Insider Activity at STAG Industrial
In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction on 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 sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Royal Bank of Canada lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James dropped their price objective on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.57.
Read Our Latest Report on STAG
STAG Industrial Company Profile
(
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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