Pensionfund Sabic lessened its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 23.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,500 shares of the real estate investment trust’s stock after selling 8,000 shares during the period. Pensionfund Sabic’s holdings in Stag Industrial were worth $700,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. San Francisco Sentry Investment Group CA acquired a new position in shares of Stag Industrial in the 2nd quarter valued at $117,000. Creative Planning boosted its holdings in shares of Stag Industrial by 140.4% in the 2nd quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 2,535 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Stag Industrial by 3.4% in the 1st quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 215 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Stag Industrial in the 1st quarter valued at $174,000. Finally, Verition Fund Management LLC acquired a new position in shares of Stag Industrial in the 2nd quarter valued at $200,000. Institutional investors own 81.24% of the company’s stock.
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Several brokerages have recently issued reports on STAG. Jefferies Group LLC restated a “buy” rating and issued a $32.00 target price (up previously from $31.00) on shares of Stag Industrial in a report on Tuesday, August 22nd. Evercore ISI upgraded shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, August 14th. Raymond James Financial, Inc. upped their price target on shares of Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Stag Industrial from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Stag Industrial currently has an average rating of “Buy” and a consensus target price of $28.25.
Shares of Stag Industrial, Inc. (STAG
) traded up 0.84% during trading on Friday, reaching $27.68. 282,977 shares of the company’s stock were exchanged. The company’s 50-day moving average is $28.00 and its 200 day moving average is $27.36. Stag Industrial, Inc. has a 52 week low of $21.21 and a 52 week high of $28.95. The stock has a market capitalization of $2.55 billion, a PE ratio of 103.28 and a beta of 1.19.
Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. The firm had revenue of $72.20 million for the quarter, compared to analyst estimates of $71.44 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue was up 19.9% on a year-over-year basis. On average, analysts forecast that Stag Industrial, Inc. will post ($0.01) earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.1175 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 annualized dividend and a dividend yield of 5.14%. Stag Industrial’s payout ratio is 503.57%.
In related news, EVP Peter S. Fearey sold 1,033 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $28.71, for a total transaction of $29,657.43. Following the sale, the executive vice president now owns 2,506 shares in the company, valued at approximately $71,947.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.
Stag Industrial Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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