Farther Finance Advisors LLC Acquires 3,255 Shares of Stag Industrial, Inc. $STAG

Farther Finance Advisors LLC raised its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 1,004.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,579 shares of the real estate investment trust’s stock after acquiring an additional 3,255 shares during the period. Farther Finance Advisors LLC’s holdings in Stag Industrial were worth $130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bridge Creek Capital Management LLC grew its holdings in shares of Stag Industrial by 0.9% in the 2nd quarter. Bridge Creek Capital Management LLC now owns 144,427 shares of the real estate investment trust’s stock valued at $5,240,000 after buying an additional 1,282 shares during the period. Moody National Bank Trust Division boosted its stake in shares of Stag Industrial by 34.5% during the 2nd 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 boosted its stake in shares of Stag Industrial by 8.5% during the 2nd 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. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Stag Industrial by 4.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,775 shares of the real estate investment trust’s stock worth $1,878,000 after buying an additional 2,219 shares during the last quarter. Finally, Peak Financial Advisors LLC boosted its stake in shares of Stag Industrial by 8.4% during the 2nd quarter. Peak Financial Advisors LLC now owns 13,465 shares of the real estate investment trust’s stock worth $488,000 after buying an additional 1,049 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Buying and Selling

In other Stag Industrial 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 sale, the director owned 38,666 shares in the company, valued at $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Benjamin S. Butcher sold 25,000 shares of Stag Industrial stock in a transaction 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 in the company, valued at approximately $279,113.42. This trade represents 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 Stock Performance

Shares of NYSE:STAG opened at $36.23 on Friday. The company’s 50 day simple moving average is $35.56 and its 200 day simple moving average is $35.11. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 28.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.21.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data 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 analysts’ expectations of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.1242 dividend. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is currently 117.32%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STAG. Weiss Ratings restated a “hold (c+)” rating on shares of Stag Industrial in a research note on Saturday, September 27th. Cantor Fitzgerald began coverage on Stag Industrial in a research report on Wednesday. They set a “neutral” rating and a $37.00 price target on the stock. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a report on Wednesday. Finally, Evercore ISI boosted their target price on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.00.

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.