Chung Wu Investment Group LLC Purchases New Holdings in Stag Industrial, Inc. $STAG

Chung Wu Investment Group LLC purchased a new stake in Stag Industrial, Inc. (NYSE:STAG) in the second quarter, HoldingsChannel reports. The firm purchased 800 shares of the real estate investment trust’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Hawaiian Bank increased its holdings in shares of Stag Industrial by 1.5% in the first quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock valued at $691,000 after purchasing an additional 289 shares in the last quarter. Signaturefd LLC boosted its stake in Stag Industrial by 14.0% in the first quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 317 shares during the last quarter. Securian Asset Management Inc. boosted its stake in Stag Industrial by 2.9% in the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 395 shares during the last quarter. Aew Capital Management L P boosted its stake in Stag Industrial by 12.5% in the first quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 400 shares during the last quarter. Finally, PFG Investments LLC boosted its stake in Stag Industrial by 5.4% in the first quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 429 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 25,000 shares of Stag Industrial stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the transaction, the director directly owned 7,562 shares of the company’s stock, valued at $279,113.42. This trade represents a 76.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Stag Industrial Trading Up 0.4%

Shares of NYSE STAG opened at $36.40 on Tuesday. The company’s fifty day moving average is $35.60 and its 200-day moving average is $35.12. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 28.66 and a beta of 0.92. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.21. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. The company had revenue of $207.44 million for the quarter, compared to analysts’ expectations of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Equities research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 29th. Stag Industrial’s dividend payout ratio (DPR) is currently 117.32%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on STAG shares. Industrial Alliance Securities set a $37.00 price objective on shares of Stag Industrial in a research note on Wednesday, October 1st. Cantor Fitzgerald started coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price objective on the stock. Evercore ISI raised their price objective on shares of Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stag Industrial in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.00.

About Stag Industrial

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.