Stag Industrial Inc (NYSE:STAG) is Monarch Partners Asset Management LLC’s 6th Largest Position

Monarch Partners Asset Management LLC grew its position in shares of Stag Industrial Inc (NYSE:STAG) by 343.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,950 shares of the real estate investment trust’s stock after purchasing an additional 315,970 shares during the quarter. Stag Industrial makes up about 1.8% of Monarch Partners Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Monarch Partners Asset Management LLC owned 0.32% of Stag Industrial worth $12,026,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Coastal Investment Advisors Inc. increased its holdings in shares of Stag Industrial by 106.3% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 4,647 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 2,395 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in Stag Industrial by 38.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 23,600 shares of the real estate investment trust’s stock worth $714,000 after acquiring an additional 6,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Stag Industrial by 14.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,323 shares of the real estate investment trust’s stock worth $977,000 after acquiring an additional 4,193 shares in the last quarter. Timbercreek Investment Management Inc. increased its holdings in Stag Industrial by 3.4% in the 2nd quarter. Timbercreek Investment Management Inc. now owns 174,676 shares of the real estate investment trust’s stock worth $5,336,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Canton Hathaway LLC increased its holdings in Stag Industrial by 7.0% in the 2nd quarter. Canton Hathaway LLC now owns 5,458 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 358 shares in the last quarter. 88.99% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Jeffrey M. Sullivan sold 35,815 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $29.37, for a total value of $1,051,886.55. Following the completion of the sale, the executive vice president now owns 35,815 shares of the company’s stock, valued at approximately $1,051,886.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Several brokerages recently commented on STAG. Zacks Investment Research raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Friday, October 4th. ValuEngine lowered shares of Stag Industrial from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $31.33.

NYSE STAG traded up $0.02 on Friday, hitting $30.02. The company had a trading volume of 729,383 shares, compared to its average volume of 971,748. The company has a market capitalization of $3.99 billion, a PE ratio of 16.77, a PEG ratio of 4.09 and a beta of 0.86. The company’s fifty day moving average price is $30.26 and its 200-day moving average price is $29.88. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.90 and a quick ratio of 0.90. Stag Industrial Inc has a 12-month low of $23.24 and a 12-month high of $31.66.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.39). The company had revenue of $102.42 million during the quarter, compared to analysts’ expectations of $100.78 million. Stag Industrial had a return on equity of 4.35% and a net margin of 19.96%. Stag Industrial’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, sell-side analysts anticipate that Stag Industrial Inc will post 1.83 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.119 dividend. This represents a $1.43 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Wednesday, October 30th. Stag Industrial’s payout ratio is presently 79.89%.

Stag Industrial Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

Further Reading: Calculating net profit and net profit margin ratio

Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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