Resources Management Corp CT ADV Sells 500 Shares of Stag Industrial, Inc. $STAG

Resources Management Corp CT ADV decreased its holdings in Stag Industrial, Inc. (NYSE:STAG) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,130 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Resources Management Corp CT ADV’s holdings in Stag Industrial were worth $1,052,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc lifted its position in shares of Stag Industrial by 204.9% during the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 506 shares in the last quarter. Tsfg LLC bought a new position in shares of Stag Industrial during the 1st quarter worth approximately $32,000. Garde Capital Inc. bought a new position in shares of Stag Industrial during the 1st quarter worth approximately $33,000. Avalon Trust Co bought a new position in shares of Stag Industrial during the 1st quarter worth approximately $36,000. Finally, Keystone Global Partners LLC bought a new position in shares of Stag Industrial during the 1st quarter worth approximately $41,000. Institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 25,000 shares of Stag Industrial stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the transaction, the director directly owned 7,562 shares in the company, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

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

Stag Industrial Trading Up 0.5%

Shares of STAG stock opened at $36.96 on Friday. The company has a 50 day moving average of $35.78 and a 200-day moving average of $35.15. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $40.40. The firm has a market cap of $6.90 billion, a P/E ratio of 29.10 and a beta of 0.94.

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

Stag Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.1242 per share. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is presently 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.