Exchange Traded Concepts LLC Raises Stock Position in Stag Industrial, Inc. $STAG

Exchange Traded Concepts LLC increased its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 98.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,618 shares of the real estate investment trust’s stock after acquiring an additional 44,921 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Stag Industrial were worth $3,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STAG. Measured Wealth Private Client Group LLC acquired a new stake in Stag Industrial in the third quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new position in shares of Stag Industrial during the third quarter worth $43,000. EverSource Wealth Advisors LLC increased its position in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Stag Industrial by 98.5% during the 3rd quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 878 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Stag Industrial by 76.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 764 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling at Stag Industrial

In other news, CEO William R. Crooker sold 93,732 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the transaction, the director owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. The trade was a 81.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 136,974 shares of company stock worth $5,345,904. 1.10% of the stock is currently owned by insiders.

Stag Industrial Trading Down 0.1%

NYSE STAG opened at $36.05 on Wednesday. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $39.98. The company has a fifty day simple moving average of $38.01 and a two-hundred day simple moving average of $37.70. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock has a market cap of $6.89 billion, a P/E ratio of 24.69 and a beta of 1.04.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data 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. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s payout ratio is presently 106.16%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STAG. Robert W. Baird set a $40.00 target price on Stag Industrial in a research note on Tuesday, February 17th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. iA Financial set a $39.00 price target on Stag Industrial in a report on Tuesday, January 13th. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Barclays restated an “underweight” rating and set a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.50.

About Stag Industrial

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.