Stag Industrial, Inc. $STAG Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC decreased its position in Stag Industrial, Inc. (NYSE:STAG) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,781 shares of the real estate investment trust’s stock after selling 21,482 shares during the quarter. Wolverine Asset Management LLC’s holdings in Stag Industrial were worth $3,962,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of STAG. Balyasny Asset Management L.P. grew its position in Stag Industrial by 1,818.4% in 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 acquiring an additional 541,170 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Stag Industrial by 37.0% during 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 last quarter. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Stag Industrial by 10.7% during the 3rd 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 buying an additional 377,952 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Stag Industrial during the 3rd quarter valued at approximately $11,422,000. Finally, Bayhunt Capital LLC purchased a new position in shares of Stag Industrial during the 4th quarter valued at approximately $10,323,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Buying and Selling

In related news, CEO William R. Crooker sold 93,732 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Virgis Colbert sold 18,000 shares of the firm’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 transaction, the director owned 4,210 shares in the company, 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. Insiders have sold 136,974 shares of company stock worth $5,345,904 over the last ninety days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STAG. Robert W. Baird set a $40.00 target price on Stag Industrial in a research note on Tuesday, February 17th. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Evercore reiterated an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. iA Financial set a $39.00 target price on Stag Industrial in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. increased their target price on 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.60.

Stag Industrial Stock Performance

Shares of STAG opened at $37.69 on Tuesday. The business’s fifty day moving average price is $38.14 and its 200 day moving average price is $38.12. Stag Industrial, Inc. has a 12-month low of $33.06 and a 12-month high of $39.99. The stock has a market capitalization of $7.21 billion, a PE ratio of 29.22 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.57.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data 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. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.52 million. During the same period last year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.3875 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is 120.16%.

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.