Hudson Bay Capital Management LP Purchases 407,910 Shares of Stag Industrial, Inc. $STAG

Hudson Bay Capital Management LP boosted its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 120.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 747,958 shares of the real estate investment trust’s stock after acquiring an additional 407,910 shares during the quarter. Hudson Bay Capital Management LP owned 0.40% of Stag Industrial worth $27,136,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Private Trust Co. NA grew its stake in shares of Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Stag Industrial during the second quarter worth approximately $29,000. Keystone Global Partners LLC bought a new position in Stag Industrial in the 1st quarter valued at about $41,000. EverSource Wealth Advisors LLC raised its holdings in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,048 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in 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 in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Trading Down 1.2%

NYSE STAG opened at $37.69 on Friday. The stock has a market capitalization of $7.04 billion, a P/E ratio of 28.99 and a beta of 1.06. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.73. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $38.29 and a 200 day simple moving average of $36.70.

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

Stag Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.0%. Stag Industrial’s payout ratio is 114.62%.

Insider Buying and Selling

In related 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 transaction of $509,330.00. Following the transaction, the executive vice president owned 9,422 shares of the company’s stock, valued at $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry T. Guillemette sold 2,004 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the sale, the director owned 38,666 shares of the company’s stock, valued at $1,361,043.20. This trade represents a 4.93% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STAG. Wells Fargo & Company raised their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Robert W. Baird boosted their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a report on Monday. Finally, Citigroup lifted their target price on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.89.

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.