Assetmark Inc. Purchases 13,703 Shares of Stag Industrial, Inc. $STAG

Assetmark Inc. lifted its stake in Stag Industrial, Inc. (NYSE:STAG) by 48.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,063 shares of the real estate investment trust’s stock after purchasing an additional 13,703 shares during the quarter. Assetmark Inc.’s holdings in Stag Industrial were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in Stag Industrial in the 3rd quarter valued at approximately $27,000. Root Financial Partners LLC bought a new position in Stag Industrial in the 3rd quarter valued at approximately $43,000. EverSource Wealth Advisors LLC lifted its position in Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,048 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Stag Industrial by 76.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 764 shares in the last quarter. Finally, Covestor Ltd lifted its position in Stag Industrial by 98.5% in the 3rd quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 878 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Stag Industrial Trading Down 1.5%

Shares of STAG stock opened at $39.31 on Wednesday. Stag Industrial, Inc. has a 52-week low of $31.79 and a 52-week high of $39.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $7.51 billion, a PE ratio of 26.92 and a beta of 1.04. The stock has a fifty day simple moving average of $38.04 and a two-hundred day simple moving average of $37.99.

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. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The business had revenue of $220.90 million during the quarter, compared to analyst estimates of $213.66 million. During the same quarter in the prior year, the business posted $0.61 EPS. Stag Industrial’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Stag Industrial

In related news, CEO William R. Crooker sold 93,732 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.17, for a total value of $3,671,482.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the transaction, the director directly owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. The trade was a 81.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 136,974 shares of company stock valued at $5,345,904 in the last 90 days. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on STAG. iA Financial set a $39.00 price objective on Stag Industrial in a research report on Tuesday, January 13th. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. upped their price objective on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Finally, Barclays reaffirmed an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.50.

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.