Consolidated Portfolio Review Corp Acquires Shares of 5,762 Stag Industrial, Inc. (NYSE:STAG)

Consolidated Portfolio Review Corp bought a new stake in Stag Industrial, Inc. (NYSE:STAG) during the first quarter, HoldingsChannel.com reports. The firm bought 5,762 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors also recently modified their holdings of STAG. Versant Capital Management Inc boosted its position in Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 506 shares in the last quarter. Garde Capital Inc. bought a new position in shares of Stag Industrial in the 1st quarter valued at $33,000. Proathlete Wealth Management LLC bought a new position in shares of Stag Industrial in the 1st quarter valued at $47,000. Quarry LP acquired a new stake in shares of Stag Industrial during the 4th quarter valued at $62,000. Finally, Principal Securities Inc. grew its position in Stag Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 510 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on STAG. Raymond James Financial increased their target price on Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Finally, Robert W. Baird decreased their price target on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.71.

Insider Buying and Selling

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the sale, the director now directly owns 7,115 shares in the company, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Stag Industrial Price Performance

Stag Industrial stock opened at $35.56 on Thursday. The stock’s 50 day moving average is $34.93 and its 200 day moving average is $34.63. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The firm has a market cap of $6.64 billion, a P/E ratio of 26.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick ratio of 1.25.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. As a group, research analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 4.37%. Stag Industrial’s payout ratio is 112.03%.

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.