Caxton Associates LLP Sells 14,895 Shares of Stag Industrial, Inc. $STAG

Caxton Associates LLP trimmed its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 40.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,857 shares of the real estate investment trust’s stock after selling 14,895 shares during the period. Caxton Associates LLP’s holdings in Stag Industrial were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in Stag Industrial by 17.6% during the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 1,491 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Stag Industrial by 37.0% in the 1st 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 buying an additional 451,355 shares during the period. Empowered Funds LLC bought a new stake in shares of Stag Industrial during the first quarter worth $229,000. EverSource Wealth Advisors LLC raised its position in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,048 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Stag Industrial by 173.4% during the second quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock valued at $6,449,000 after acquiring an additional 112,747 shares during the period. 88.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STAG has been the subject of a number of research reports. Evercore reiterated an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th. Raymond James Financial began coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Barclays boosted their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.70.

Stag Industrial Trading Down 0.0%

NYSE:STAG opened at $41.11 on Monday. Stag Industrial, Inc. has a 1-year low of $33.72 and a 1-year high of $42.61. The business’s 50-day moving average price is $38.74 and its two-hundred day moving average price is $38.31. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 31.87 and a beta of 0.97.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. The company had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. On average, equities analysts expect that Stag Industrial, Inc. will post 2.64 earnings per share 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.