Stag Industrial, Inc. $STAG Stock Position Raised by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. lifted its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,983 shares of the real estate investment trust’s stock after acquiring an additional 934 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Stag Industrial were worth $652,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in shares of Stag Industrial by 55.3% during the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust’s stock worth $1,435,000 after acquiring an additional 14,155 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Stag Industrial by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust’s stock worth $15,497,000 after acquiring an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Stag Industrial by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 571 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Stag Industrial by 8.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust’s stock worth $587,000 after acquiring an additional 1,295 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Stag Industrial by 70.0% during the 1st quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust’s stock worth $12,633,000 after acquiring an additional 144,368 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore ISI raised their price objective on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research report on Wednesday. Finally, Cantor Fitzgerald began coverage on Stag Industrial in a research report on Wednesday. They issued a “neutral” rating and a $37.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.00.

Insiders Place Their Bets

In related news, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Benjamin S. Butcher sold 25,000 shares of Stag Industrial stock in a transaction 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 sale, the director directly owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $35.89 on Friday. The stock has a market cap of $6.70 billion, a PE ratio of 28.26 and a beta of 0.92. The business has a fifty day simple moving average of $35.55 and a 200-day simple moving average of $35.10. 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 $39.21.

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

Stag Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

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.