Stag Industrial, Inc. $STAG Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. increased its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,165 shares of the real estate investment trust’s stock after purchasing an additional 1,518 shares during the period. Congress Asset Management Co. owned 0.11% of Stag Industrial worth $7,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Hawaiian Bank increased its position in Stag Industrial by 1.5% during the first quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 289 shares during the last quarter. Signaturefd LLC increased its position in shares of Stag Industrial by 14.0% during the first quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 317 shares during the last quarter. Securian Asset Management Inc. increased its position in shares of Stag Industrial by 2.9% during the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 395 shares during the last quarter. Aew Capital Management L P increased its position in shares of Stag Industrial by 12.5% during the first quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 400 shares during the last quarter. Finally, PFG Investments LLC increased its position in shares of Stag Industrial by 5.4% during the first quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 429 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Stag Industrial

In other news, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the transaction, the director directly owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Stag Industrial Trading Up 1.0%

NYSE STAG opened at $34.87 on Friday. The firm has a 50 day simple moving average of $35.59 and a 200-day simple moving average of $35.10. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.68. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 27.46 and a beta of 0.94.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same quarter last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.1242 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.3%. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.33.

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.