STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 391.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 368,815 shares of the real estate investment trust’s stock after acquiring an additional 293,777 shares during the period. SG Americas Securities LLC owned approximately 0.20% of STAG Industrial worth $13,322,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in STAG. Norges Bank acquired a new stake in shares of STAG Industrial during the fourth quarter valued at about $75,471,000. FMR LLC increased its position in shares of STAG Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after acquiring an additional 2,088,839 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of STAG Industrial during the fourth quarter valued at about $57,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of STAG Industrial by 442.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust’s stock valued at $46,144,000 after acquiring an additional 1,112,757 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of STAG Industrial by 33.3% during the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust’s stock valued at $70,685,000 after acquiring an additional 522,568 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Trading Up 0.0%

NYSE STAG opened at $37.01 on Wednesday. The firm has a 50 day simple moving average of $33.90 and a 200-day simple moving average of $34.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 35.59 and a beta of 0.94.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The company had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.1242 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 4.37%. STAG Industrial’s dividend payout ratio is currently 112.03%.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 28,843 shares of STAG Industrial stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the transaction, the director now owns 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

STAG has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price objective on shares of STAG Industrial in a research note on Monday, May 19th. Raymond James raised their price objective on shares of STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird lowered their price objective on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.71.

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.