Private Trust Co. NA Increases Stock Position in Stag Industrial, Inc. $STAG

Private Trust Co. NA grew its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 2,183.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 708 shares of the real estate investment trust’s stock after buying an additional 677 shares during the period. Private Trust Co. NA’s holdings in Stag Industrial were worth $26,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in STAG. New York State Teachers Retirement System boosted its position in Stag Industrial by 0.7% during the 2nd quarter. New York State Teachers Retirement System now owns 56,366 shares of the real estate investment trust’s stock worth $2,045,000 after purchasing an additional 403 shares during the period. J.Safra Asset Management Corp boosted its position in Stag Industrial by 8.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 5,880 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 443 shares during the period. Bayforest Capital Ltd purchased a new stake in Stag Industrial during the 2nd quarter worth $276,000. Boston Trust Walden Corp boosted its position in Stag Industrial by 0.8% during the 2nd quarter. Boston Trust Walden Corp now owns 2,965,832 shares of the real estate investment trust’s stock worth $107,600,000 after purchasing an additional 23,337 shares during the period. Finally, RFG Advisory LLC boosted its position in Stag Industrial by 36.2% during the 2nd quarter. RFG Advisory LLC now owns 42,351 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 11,267 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Stock Performance

NYSE:STAG opened at $38.61 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a 50-day moving average of $36.34 and a two-hundred day moving average of $35.40. The stock has a market cap of $7.21 billion, a P/E ratio of 30.40 and a beta of 0.92. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $39.01.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. The company had revenue of $207.44 million during the quarter, compared to analysts’ expectations of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. On average, research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.1242 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s dividend payout ratio is 117.32%.

Insider Activity

In other news, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the transaction, the director directly owned 7,562 shares in the company, valued at $279,113.42. The trade was a 76.78% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on STAG. Evercore ISI upped their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Cantor Fitzgerald began coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price target for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stag Industrial in a research report on Friday. Finally, Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and an average target price of $38.00.

Stag Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.