Greenland Capital Management LP Boosts Stake in Stag Industrial, Inc. $STAG

Greenland Capital Management LP grew its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 52.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,327 shares of the real estate investment trust’s stock after buying an additional 50,639 shares during the period. Greenland Capital Management LP owned 0.08% of Stag Industrial worth $5,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Private Trust Co. NA increased its position in Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 677 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of Stag Industrial during the 2nd quarter worth about $29,000. Avalon Trust Co purchased a new stake in shares of Stag Industrial during the first quarter worth about $36,000. Keystone Global Partners LLC acquired a new position in shares of Stag Industrial in the first quarter valued at approximately $41,000. Finally, Harbour Investments Inc. lifted its stake in shares of Stag Industrial by 187.7% during the first quarter. Harbour Investments Inc. now owns 1,260 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 822 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STAG has been the subject of several recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price for the company. Wells Fargo & Company lifted their price objective on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research report on Thursday, November 13th. Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a report on Wednesday, October 1st. Finally, Citigroup increased their price objective on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.89.

Stag Industrial Stock Performance

NYSE:STAG opened at $38.59 on Wednesday. The firm’s fifty day simple moving average is $37.11 and its 200 day simple moving average is $36.20. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.57. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 29.68 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. As a group, equities research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.9%. Stag Industrial’s payout ratio is 114.62%.

Insiders Place Their Bets

In other news, Director Larry T. Guillemette sold 2,004 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin S. Butcher sold 25,000 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the transaction, the director owned 7,562 shares in the company, valued at $279,113.42. This represents a 76.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,148 shares of company stock worth $1,502,621 in the last 90 days. 1.10% of the stock is owned by company insiders.

Stag Industrial 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.