SG Americas Securities LLC grew its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 122.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,808 shares of the real estate investment trust’s stock after acquiring an additional 22,426 shares during the period. SG Americas Securities LLC’s holdings in STAG Industrial were worth $1,278,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in shares of STAG Industrial by 14.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 63,044 shares of the real estate investment trust’s stock worth $1,975,000 after purchasing an additional 7,976 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in STAG Industrial by 13.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 46,386 shares of the real estate investment trust’s stock worth $1,453,000 after acquiring an additional 5,400 shares during the period. Aperio Group LLC grew its stake in STAG Industrial by 14.4% in the 3rd quarter. Aperio Group LLC now owns 29,459 shares of the real estate investment trust’s stock worth $898,000 after acquiring an additional 3,709 shares during the period. Great West Life Assurance Co. Can grew its stake in STAG Industrial by 3.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 103,821 shares of the real estate investment trust’s stock worth $3,165,000 after acquiring an additional 3,296 shares during the period. Finally, Scout Investments Inc. purchased a new stake in STAG Industrial in the 4th quarter worth approximately $42,574,000. Institutional investors own 91.06% of the company’s stock.
A number of brokerages have weighed in on STAG. Bank of America lifted their price target on shares of STAG Industrial from $28.00 to $30.00 and gave the company an “underperform” rating in a report on Monday, November 16th. JPMorgan Chase & Co. cut STAG Industrial from an “overweight” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, December 21st. Finally, Zacks Investment Research downgraded STAG Industrial from a “buy” rating to a “hold” rating in a report on Wednesday, January 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.78.
STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. STAG Industrial had a net margin of 26.59% and a return on equity of 5.32%. The company had revenue of $129.90 million for the quarter, compared to the consensus estimate of $121.63 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, analysts anticipate that STAG Industrial, Inc. will post 1.87 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 31st will be issued a $0.1208 dividend. The ex-dividend date is Tuesday, March 30th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 4.56%. STAG Industrial’s dividend payout ratio (DPR) is presently 78.80%.
In other STAG Industrial news, CEO Benjamin S. Butcher sold 23,268 shares of the firm’s stock in a transaction dated Thursday, January 7th. The shares were sold at an average price of $30.04, for a total transaction of $698,970.72. Following the transaction, the chief executive officer now owns 47,088 shares of the company’s stock, valued at approximately $1,414,523.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Stephen C. Mecke sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 7th. The shares were sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the transaction, the chief operating officer now directly owns 52,000 shares in the company, valued at approximately $1,554,800. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
About STAG Industrial
STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.
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