Stag Industrial, Inc. $STAG Shares Acquired by Intrust Bank NA

Intrust Bank NA grew its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 17.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,771 shares of the real estate investment trust’s stock after acquiring an additional 2,042 shares during the quarter. Intrust Bank NA’s holdings in Stag Industrial were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of STAG. Private Trust Co. NA increased its stake in Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 677 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of Stag Industrial in the 2nd quarter valued at $29,000. Avalon Trust Co acquired a new position in shares of Stag Industrial in the 1st quarter valued at $36,000. Keystone Global Partners LLC purchased a new position in Stag Industrial in the 1st quarter worth $41,000. Finally, Harbour Investments Inc. lifted its position in Stag Industrial by 187.7% during the 1st quarter. Harbour Investments Inc. now owns 1,260 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 822 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on STAG. Evercore ISI increased their price objective on Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Royal Bank Of Canada increased their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Wells Fargo & Company raised their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Robert W. Baird raised their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Three equities 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, the stock presently has a consensus rating of “Hold” and an average price target of $38.89.

Insider Activity

In related news, Director Benjamin S. Butcher sold 25,000 shares of the 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 owned 7,562 shares of the company’s stock, valued at $279,113.42. This represents a 76.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the sale, the executive vice president owned 9,422 shares in the company, valued at approximately $365,102.50. This trade represents a 58.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 40,148 shares of company stock worth $1,502,621. Corporate insiders own 1.10% of the company’s stock.

Stag Industrial Stock Performance

Shares of NYSE:STAG opened at $38.54 on Tuesday. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.57. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 29.64 and a beta of 0.95. 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 company’s 50 day simple moving average is $37.06 and its 200 day simple moving average is $36.17.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The firm had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently declared 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 (DPR) is presently 114.62%.

Stag Industrial Company 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.