Stag Industrial, Inc. $STAG Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. increased its holdings in Stag Industrial, Inc. (NYSE:STAG) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 685,301 shares of the real estate investment trust’s stock after buying an additional 28,324 shares during the quarter. Bessemer Group Inc.’s holdings in Stag Industrial were worth $24,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in 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 worth $945,572,000 after buying an additional 347,729 shares during the period. Earnest Partners LLC boosted its position in 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 worth $137,999,000 after purchasing an additional 25,140 shares in the last quarter. Alliancebernstein L.P. boosted its position in 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 worth $136,824,000 after purchasing an additional 120,442 shares in the last quarter. Nuveen LLC purchased a new stake in Stag Industrial in the 1st quarter worth approximately $129,972,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Stag Industrial by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust’s stock worth $116,024,000 after purchasing an additional 87,659 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director owned 7,562 shares in the company, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares in the company, valued at $1,361,043.20. The trade was a 4.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on STAG shares. Cantor Fitzgerald started coverage on Stag Industrial in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price objective on the stock. Evercore ISI increased their target price on Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a research report on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.00.

Stag Industrial Trading Down 1.1%

Shares of STAG stock opened at $38.11 on Wednesday. The stock’s fifty day moving average is $36.47 and its two-hundred day moving average is $35.56. 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 capitalization of $7.11 billion, a P/E ratio of 30.01 and a beta of 0.92. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.01.

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

Stag Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.1242 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.9%. 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.