Representative Jefferson Shreve (R-Indiana) recently bought shares of STAG Industrial, Inc. NYSE: STAG. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $50,001 and $100,000 in STAG Industrial stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
- Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.
STAG Industrial Stock Down 0.4%
Shares of STAG stock traded down $0.14 on Tuesday, hitting $35.29. The company's stock had a trading volume of 918,927 shares, compared to its average volume of 1,209,480. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 33.93 and a beta of 0.93. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The firm's fifty day moving average price is $33.91 and its 200-day moving average price is $34.81.
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. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. Research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.
STAG Industrial Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.22%. STAG Industrial's dividend payout ratio is currently 112.03%.
Hedge Funds Weigh In On STAG Industrial
A number of institutional investors have recently added to or reduced their stakes in STAG. Swiss National Bank lifted its position in STAG Industrial by 0.8% in the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock worth $12,114,000 after buying an additional 2,800 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of STAG Industrial during the fourth quarter valued at approximately $1,276,000. Congress Asset Management Co. grew its holdings in shares of STAG Industrial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock worth $7,472,000 after purchasing an additional 20,327 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of STAG Industrial by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust's stock worth $12,159,000 after buying an additional 8,259 shares during the period. Finally, US Bancorp DE boosted its position in STAG Industrial by 1.5% during the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock valued at $917,000 after buying an additional 402 shares during the period. 88.67% of the stock is currently owned by institutional investors.
Insider Activity at STAG Industrial
In other news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. The trade was 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 owned by company insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on STAG shares. Barclays reduced their price objective on shares of 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. Raymond James boosted their price objective on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird lowered their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada cut 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $39.63.
Check Out Our Latest Research Report on STAG Industrial
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About STAG Industrial
(
Get 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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