Asset Management One Co. Ltd. lifted its position in Stag Industrial Inc (NYSE:STAG) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 193,316 shares of the real estate investment trust’s stock after buying an additional 7,108 shares during the period. Asset Management One Co. Ltd. owned approximately 0.21% of Stag Industrial worth $5,350,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA acquired a new position in shares of Stag Industrial in the 2nd quarter worth $117,000. Verition Fund Management LLC purchased a new position in shares of Stag Industrial during the second quarter valued at $200,000. Teacher Retirement System of Texas purchased a new position in shares of Stag Industrial during the third quarter valued at $200,000. Federated Investors Inc. PA purchased a new position in shares of Stag Industrial during the second quarter valued at $203,000. Finally, GAM Holding AG grew its holdings in shares of Stag Industrial by 20.2% during the second quarter. GAM Holding AG now owns 7,566 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 1,270 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors.
In related news, CFO William R. Crooker sold 31,889 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $842,188.49. Following the sale, the chief financial officer now owns 46,493 shares of the company’s stock, valued at approximately $1,227,880.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Benjamin S. Butcher sold 68,180 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $1,800,633.80. Following the transaction, the chief executive officer now owns 140,268 shares of the company’s stock, valued at approximately $3,704,477.88. The disclosure for this sale can be found here. In the last three months, insiders sold 165,069 shares of company stock worth $4,359,472. 2.00% of the stock is currently owned by company insiders.
Stag Industrial Inc (NYSE:STAG) traded up $0.11 during midday trading on Thursday, reaching $25.66. The company had a trading volume of 729,400 shares, compared to its average volume of 677,124. Stag Industrial Inc has a 1-year low of $22.70 and a 1-year high of $28.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $2,410.00, a price-to-earnings ratio of 46.65, a PEG ratio of 2.70 and a beta of 1.26.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $78.14 million for the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. research analysts anticipate that Stag Industrial Inc will post 1.68 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.1183 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Tuesday, February 27th. Stag Industrial’s dividend payout ratio (DPR) is currently 256.36%.
STAG has been the topic of a number of recent research reports. Jefferies Group restated a “buy” rating and issued a $32.00 target price on shares of Stag Industrial in a research note on Tuesday, September 26th. BidaskClub cut Stag Industrial from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. TheStreet raised Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. raised Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.50.
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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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