Dean Capital Management Purchases 964 Shares of Stag Industrial, Inc. $STAG

Dean Capital Management lifted its position in Stag Industrial, Inc. (NYSE:STAG) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,383 shares of the real estate investment trust’s stock after buying an additional 964 shares during the quarter. Dean Capital Management’s holdings in Stag Industrial were worth $1,603,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Stag Industrial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock valued at $945,572,000 after buying an additional 347,729 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Stag Industrial by 0.7% in the 1st quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust’s stock valued at $137,999,000 after buying an additional 25,140 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Stag Industrial by 3.3% in the 1st quarter. Alliancebernstein L.P. now owns 3,788,036 shares of the real estate investment trust’s stock valued at $136,824,000 after buying an additional 120,442 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Stag Industrial by 5.9% in the 4th quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after buying an additional 204,948 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Stag Industrial in the 1st quarter valued at approximately $129,972,000. Institutional investors own 88.67% of the company’s stock.

Insider Activity at Stag Industrial

In other news, Director Benjamin S. Butcher sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on STAG shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Evercore ISI boosted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.17.

Stag Industrial Stock Down 1.0%

STAG opened at $36.61 on Tuesday. The business has a 50 day moving average price of $35.79 and a 200 day moving average price of $35.16. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $6.83 billion, a P/E ratio of 28.82 and a beta of 0.94.

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

Stag Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.1242 per share. The ex-dividend date is Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial’s payout ratio is 117.32%.

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.