Inceptionr LLC Takes $482,000 Position in Stag Industrial, Inc. $STAG

Inceptionr LLC purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,648 shares of the real estate investment trust’s stock, valued at approximately $482,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Stag Industrial during the 2nd quarter worth $282,893,000. Goldman Sachs Group Inc. lifted its position in shares of Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after acquiring an additional 451,355 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Stag Industrial by 57.0% in the second quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock worth $41,622,000 after acquiring an additional 416,415 shares in the last quarter. Hudson Bay Capital Management LP grew its position in Stag Industrial by 120.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 747,958 shares of the real estate investment trust’s stock worth $27,136,000 after purchasing an additional 407,910 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in Stag Industrial by 24.3% during the second quarter. Frontier Capital Management Co. LLC now owns 1,588,429 shares of the real estate investment trust’s stock valued at $57,628,000 after buying an additional 310,580 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Stock Down 0.2%

Shares of NYSE:STAG opened at $38.29 on Thursday. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.98. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $7.32 billion, a PE ratio of 26.23 and a beta of 1.04. The company has a 50 day moving average price of $38.13 and a two-hundred day moving average price of $37.64.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The company had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. During the same quarter in the prior 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. 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 $0.3875 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is currently 102.05%.

Analyst Ratings Changes

STAG has been the subject of a number of research reports. iA Financial set a $39.00 price objective on Stag Industrial in a research report on Tuesday, January 13th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Robert W. Baird set a $40.00 target price on Stag Industrial in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upped their price target on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $39.50.

Insider Activity at Stag Industrial

In related 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 completion of the transaction, the executive vice president owned 951 shares in the company, valued at approximately $37,260.18. This trade represents a 96.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of Stag Industrial stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the transaction, the director directly owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. This trade represents a 81.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 136,974 shares of company stock worth $5,345,904. Insiders own 1.10% of the company’s stock.

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.