STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in STAG Industrial, Inc. (NYSE:STAG) by 3,246.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 33,194 shares of the real estate investment trust’s stock after acquiring an additional 32,202 shares during the quarter. GAMMA Investing LLC’s holdings in STAG Industrial were worth $1,199,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in STAG. Versant Capital Management Inc boosted its stake in STAG Industrial by 204.9% during the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 506 shares during the last quarter. Quarry LP acquired a new stake in STAG Industrial during the 4th quarter worth $62,000. Principal Securities Inc. boosted its stake in STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 510 shares during the last quarter. Aew Capital Management L P boosted its stake in STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in STAG Industrial during the 4th quarter worth $109,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Raymond James lifted their target price on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 target price on shares of STAG Industrial in a research note on Monday, May 19th. Finally, Robert W. Baird lowered their target price on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.71.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the sale, the director now directly owns 7,115 shares in the company, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

STAG Industrial Stock Down 0.8%

NYSE STAG opened at $36.34 on Monday. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The business’s fifty day simple moving average is $34.20 and its 200-day simple moving average is $34.60. The firm has a market cap of $6.78 billion, a PE ratio of 34.94 and a beta of 0.94.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business 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%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. As a group, equities analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 4.37%. STAG Industrial’s dividend payout ratio (DPR) is currently 112.03%.

About STAG Industrial

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.