Bessemer Group Inc. Purchases 87,757 Shares of Stag Industrial, Inc. $STAG

Bessemer Group Inc. boosted its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 12.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 773,058 shares of the real estate investment trust’s stock after purchasing an additional 87,757 shares during the quarter. Bessemer Group Inc. owned 0.41% of Stag Industrial worth $27,282,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in shares of Stag Industrial by 16.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 14,011 shares of the real estate investment trust’s stock valued at $494,000 after buying an additional 1,997 shares during the period. AGF Management Ltd. acquired a new position in Stag Industrial in the third quarter valued at about $514,000. Jones Financial Companies Lllp grew its stake in Stag Industrial by 12.4% in the third quarter. Jones Financial Companies Lllp now owns 8,690 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 958 shares during the period. UMB Bank n.a. increased its holdings in shares of Stag Industrial by 108.6% in the third quarter. UMB Bank n.a. now owns 5,065 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 2,637 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of Stag Industrial by 3.3% during the third quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 350 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

Shares of STAG opened at $39.39 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.88. The firm has a fifty day simple moving average of $37.69 and a 200 day simple moving average of $37.05. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 30.30 and a beta of 1.06.

Stag Industrial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.9%. Stag Industrial’s payout ratio is currently 114.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on STAG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Royal Bank Of Canada upped their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, November 6th. Evercore raised their price objective on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Barclays reaffirmed an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Finally, Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.33.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.