Farther Finance Advisors LLC Grows Position in Stag Industrial, Inc. $STAG

Farther Finance Advisors LLC boosted its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 224.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,186 shares of the real estate investment trust’s stock after purchasing an additional 22,968 shares during the quarter. Farther Finance Advisors LLC’s holdings in Stag Industrial were worth $1,220,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of STAG. Balyasny Asset Management L.P. raised its stake in Stag Industrial by 1,818.4% during the third quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after purchasing an additional 541,170 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Stag Industrial by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after purchasing an additional 451,355 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in Stag Industrial by 10.7% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock valued at $138,038,000 after purchasing an additional 377,952 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Stag Industrial during the third quarter valued at $11,422,000. Finally, Bayhunt Capital LLC purchased a new stake in Stag Industrial during the fourth quarter valued at $10,323,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Trading Down 1.5%

Shares of STAG opened at $39.31 on Wednesday. Stag Industrial, Inc. has a twelve month low of $31.79 and a twelve month high of $39.99. The company has a market cap of $7.51 billion, a P/E ratio of 26.92 and a beta of 1.04. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The company’s fifty day simple moving average is $38.04 and its 200-day simple moving average is $37.99.

Stag Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The business had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, analysts expect that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a research note on Tuesday, February 17th. Barclays reaffirmed an “underweight” rating and set a $39.00 price target (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. JPMorgan Chase & Co. upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Finally, Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.50.

Insider Activity

In other news, CEO William R. Crooker sold 93,732 shares of the stock in a transaction on 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 SEC, which is available at this link. Also, EVP Matts Pinard sold 25,242 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total transaction of $988,981.56. Following the completion of the sale, the executive vice president directly owned 951 shares in the company, valued at approximately $37,260.18. This represents a 96.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 136,974 shares of company stock valued at $5,345,904. 1.10% of the stock is currently owned by company insiders.

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.