Elo Mutual Pension Insurance Co Invests $1.90 Million in Stag Industrial, Inc. $STAG

Elo Mutual Pension Insurance Co bought a new stake in Stag Industrial, Inc. (NYSE:STAG) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 53,765 shares of the real estate investment trust’s stock, valued at approximately $1,897,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in STAG. Park Avenue Securities LLC increased its position in Stag Industrial by 3.5% in the 3rd quarter. Park Avenue Securities LLC now owns 7,639 shares of the real estate investment trust’s stock valued at $270,000 after acquiring an additional 260 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Stag Industrial by 4.7% during the third quarter. Benjamin Edwards Inc. now owns 6,230 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 282 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Stag Industrial by 4.2% in the second quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 332 shares in the last quarter. AlphaQuest LLC raised its position in Stag Industrial by 3.3% in the 3rd 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 last quarter. Finally, Merit Financial Group LLC lifted its holdings in Stag Industrial by 1.7% during the 3rd quarter. Merit Financial Group LLC now owns 21,924 shares of the real estate investment trust’s stock worth $774,000 after buying an additional 366 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Activity

In other Stag Industrial news, EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.18, for a total transaction of $988,981.56. Following the transaction, the executive vice president directly owned 951 shares in the company, valued at approximately $37,260.18. The trade was a 96.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William R. Crooker sold 93,732 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.17, for a total value of $3,671,482.44. The SEC filing for this sale provides additional information. Insiders sold 136,974 shares of company stock valued at $5,345,904 in the last quarter. Company insiders own 1.10% of the company’s stock.

Stag Industrial Price Performance

Shares of STAG opened at $39.51 on Thursday. The stock has a market cap of $7.55 billion, a P/E ratio of 27.06 and a beta of 1.04. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.98. The stock’s 50-day moving average price is $38.00 and its two-hundred day moving average price is $37.55. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. Stag Industrial’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. On average, equities analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. Stag Industrial’s payout ratio is 102.05%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. lifted their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Citigroup boosted their price objective on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. iA Financial set a $39.00 target price on shares of Stag Industrial in a research note on Tuesday, January 13th. Finally, Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.50.

Stag Industrial Company 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.