Tudor Investment Corp ET AL Decreases Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Tudor Investment Corp ET AL lowered its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 89.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 34,226 shares of the real estate investment trust's stock after selling 280,850 shares during the quarter. Tudor Investment Corp ET AL's holdings in STAG Industrial were worth $1,158,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Hilltop National Bank boosted its stake in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 362 shares during the period. Bridge Creek Capital Management LLC increased its position in STAG Industrial by 0.4% in the fourth quarter. Bridge Creek Capital Management LLC now owns 142,417 shares of the real estate investment trust's stock worth $4,817,000 after buying an additional 600 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of STAG Industrial by 40.3% during the fourth quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust's stock valued at $246,000 after acquiring an additional 2,091 shares during the period. Peak Financial Advisors LLC increased its holdings in shares of STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 356 shares during the period. Finally, Stolper Co lifted its position in STAG Industrial by 1.3% in the 4th quarter. Stolper Co now owns 51,957 shares of the real estate investment trust's stock valued at $1,757,000 after purchasing an additional 680 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

STAG has been the subject of several research analyst reports. Robert W. Baird reduced their price objective on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday. Raymond James raised their target price on STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday. Royal Bank of Canada dropped 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 research report on Monday, January 27th. Finally, Barclays lowered 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, STAG Industrial has a consensus rating of "Hold" and a consensus target price of $39.63.

STAG Industrial Stock Up 2.2 %

Shares of STAG stock traded up $0.74 during trading hours on Friday, hitting $34.60. 1,923,824 shares of the company were exchanged, compared to its average volume of 1,203,656. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $33.97 and a two-hundred day moving average of $34.89. The company has a market capitalization of $6.46 billion, a PE ratio of 33.27 and a beta of 0.93.

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 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $202.04 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The business's quarterly revenue was up 9.7% compared to the same quarter last year. Analysts anticipate 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. Investors of record on Monday, June 30th will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Monday, June 30th. STAG Industrial's payout ratio is currently 112.03%.

STAG Industrial 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.