Exchange Traded Concepts LLC Increases Position in Stag Industrial, Inc. $STAG

Exchange Traded Concepts LLC grew its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 98.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,618 shares of the real estate investment trust’s stock after buying an additional 44,921 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Stag Industrial were worth $3,331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in Stag Industrial in the 3rd quarter valued at $27,000. Root Financial Partners LLC purchased a new stake in Stag Industrial in the third quarter worth $43,000. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 1,048 shares during the last quarter. Covestor Ltd lifted its position in shares of Stag Industrial by 98.5% during the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 878 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Stag Industrial by 76.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 764 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on STAG shares. Barclays restated an “underweight” rating and issued a $39.00 price target (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Evercore restated an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. lifted 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. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.50.

Insider Activity

In other news, CEO William R. Crooker sold 93,732 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of the company’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 sale, the director owned 4,210 shares of the company’s stock, valued at $160,316.80. This trade represents a 81.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 136,974 shares of company stock worth $5,345,904. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Price Performance

Shares of STAG opened at $36.05 on Wednesday. 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 company has a 50 day moving average price of $38.01 and a 200-day moving average price of $37.70. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.98. The stock has a market capitalization of $6.89 billion, a PE ratio of 24.69 and a beta of 1.04.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. Stag Industrial’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Equities analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.3%. Stag Industrial’s dividend payout ratio (DPR) is currently 106.16%.

About Stag Industrial

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.