Amundi Acquires 6,239 Shares of Stag Industrial, Inc. $STAG

Amundi boosted its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,276 shares of the real estate investment trust’s stock after acquiring an additional 6,239 shares during the period. Amundi owned approximately 0.06% of Stag Industrial worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its holdings in shares of Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 506 shares in the last quarter. Tsfg LLC bought a new stake in shares of Stag Industrial in the first quarter valued at about $32,000. Garde Capital Inc. bought a new stake in shares of Stag Industrial in the first quarter valued at about $33,000. Avalon Trust Co bought a new stake in shares of Stag Industrial in the first quarter valued at about $36,000. Finally, Keystone Global Partners LLC bought a new stake in shares of Stag Industrial in the first quarter valued at about $41,000. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on STAG. Royal Bank Of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Evercore ISI boosted their price target on Stag Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Stag Industrial currently has an average rating of “Hold” and an average price target of $38.17.

Stag Industrial Price Performance

NYSE:STAG opened at $36.42 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s 50-day simple moving average is $35.75 and its 200 day simple moving average is $35.18. The company has a market cap of $6.80 billion, a P/E ratio of 28.68 and a beta of 0.94. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $40.40.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.63. The business had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.Stag Industrial’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. As a group, sell-side analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, August 29th. Stag Industrial’s payout ratio is 117.32%.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the transaction, the director owned 7,562 shares of the company’s stock, valued at $279,113.42. The trade was a 76.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Company 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.