Bayhunt Capital LLC Makes New Investment in Stag Industrial, Inc. $STAG

Bayhunt Capital LLC purchased a new position in Stag Industrial, Inc. (NYSE:STAG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 280,810 shares of the real estate investment trust’s stock, valued at approximately $10,323,000. Stag Industrial accounts for approximately 5.7% of Bayhunt Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Bayhunt Capital LLC owned approximately 0.15% of Stag Industrial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Channing Capital Management LLC boosted its stake in Stag Industrial by 8.3% in the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock worth $77,174,000 after purchasing an additional 167,093 shares during the period. Tudor Investment Corp ET AL bought a new position in Stag Industrial in the 3rd quarter worth approximately $11,422,000. Knights of Columbus Asset Advisors LLC bought a new position in shares of Stag Industrial during the 3rd quarter valued at approximately $1,127,000. Versor Investments LP bought a new position in shares of Stag Industrial during the 3rd quarter valued at approximately $922,000. Finally, Wolverine Asset Management LLC boosted its position in shares of Stag Industrial by 408.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 129,263 shares of the real estate investment trust’s stock valued at $4,562,000 after acquiring an additional 103,820 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on STAG shares. iA Financial set a $39.00 target price on Stag Industrial in a research report on Tuesday, January 13th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Barclays reiterated an “underweight” rating and set a $39.00 target price (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Finally, Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.50.

Insider Buying and Selling

In related news, EVP Matts Pinard sold 25,242 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the sale, the executive vice president directly owned 951 shares in the company, valued at $37,260.18. This trade represents a 96.37% 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. Also, Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the sale, the director owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 136,974 shares of company stock worth $5,345,904 over the last three months. 1.10% of the stock is owned by insiders.

Stag Industrial Stock Up 0.7%

Shares of STAG opened at $38.17 on Friday. The company has a market cap of $7.30 billion, a PE ratio of 26.14 and a beta of 1.04. The business has a fifty day moving average of $38.03 and a 200 day moving average of $37.79. Stag Industrial, Inc. has a 52-week low of $30.18 and a 52-week high of $39.98. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.Stag Industrial’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. On average, sell-side analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.