7,379 Shares in Stag Industrial, Inc. $STAG Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in Stag Industrial, Inc. (NYSE:STAG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,379 shares of the real estate investment trust’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of Stag Industrial by 1,004.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,579 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 3,255 shares during the last quarter. Bridge Creek Capital Management LLC increased its position in Stag Industrial by 0.9% in the second quarter. Bridge Creek Capital Management LLC now owns 144,427 shares of the real estate investment trust’s stock worth $5,240,000 after buying an additional 1,282 shares during the last quarter. Moody National Bank Trust Division increased its position in Stag Industrial by 34.5% in the second quarter. Moody National Bank Trust Division now owns 25,378 shares of the real estate investment trust’s stock worth $921,000 after buying an additional 6,512 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Stag Industrial by 8.5% in the second quarter. Exchange Traded Concepts LLC now owns 47,786 shares of the real estate investment trust’s stock worth $1,734,000 after buying an additional 3,756 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Stag Industrial by 4.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,775 shares of the real estate investment trust’s stock valued at $1,878,000 after buying an additional 2,219 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Stag Industrial Price Performance

Shares of NYSE STAG opened at $35.80 on Thursday. The stock’s 50-day simple moving average is $35.54 and its two-hundred day simple moving average is $35.10. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.21. The firm has a market capitalization of $6.68 billion, a P/E ratio of 28.19 and a beta of 0.92. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

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

Stag Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.1242 per share. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) is 117.32%.

Analyst Upgrades and Downgrades

STAG has been the subject of several research reports. Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a research note on Wednesday. Cantor Fitzgerald started coverage on shares of Stag Industrial in a research report on Wednesday. They set a “neutral” rating and a $37.00 target price for the company. Finally, Evercore ISI boosted 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 five have assigned a Hold rating to the company. According to data from MarketBeat, Stag Industrial has an average rating of “Hold” and an average price target of $38.00.

Stag Industrial 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.