SG Americas Securities LLC Has $1.49 Million Stock Position in Stag Industrial, Inc. $STAG

SG Americas Securities LLC lifted its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 334.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,167 shares of the real estate investment trust’s stock after buying an additional 32,454 shares during the period. SG Americas Securities LLC’s holdings in Stag Industrial were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA grew 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 acquiring an additional 677 shares during the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of Stag Industrial during the second quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its holdings 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 during the last quarter. GAMMA Investing LLC increased its stake in shares of Stag Industrial by 58.7% in the second quarter. GAMMA Investing LLC now owns 1,458 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 539 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of Stag Industrial in the second quarter valued at approximately $62,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore ISI upped their price target on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Barclays reissued an “underweight” rating and issued a $39.00 price objective (down previously from $40.00) on shares of Stag Industrial in a research note on Tuesday. Cantor Fitzgerald initiated coverage on Stag Industrial in a report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Finally, Robert W. Baird upped their price target on Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and a consensus target price of $39.33.

Stag Industrial Price Performance

Shares of NYSE STAG opened at $37.45 on Friday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.73. The firm has a fifty day simple moving average of $38.09 and a 200 day simple moving average of $36.88. The company has a market capitalization of $6.99 billion, a PE ratio of 28.80 and a beta of 1.06. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The business had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 annualized dividend and a yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is currently 114.62%.

Insiders Place Their Bets

In other Stag Industrial news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the sale, the executive vice president directly owned 9,422 shares in the company, valued at approximately $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

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.