Tudor Investment Corp ET AL Purchases New Stake in Stag Industrial, Inc. $STAG

Tudor Investment Corp ET AL acquired a new position in Stag Industrial, Inc. (NYSE:STAG) during the 3rd quarter, HoldingsChannel reports. The fund acquired 323,666 shares of the real estate investment trust’s stock, valued at approximately $11,422,000.

Several other large investors also recently modified their holdings of the stock. State Street Corp lifted its stake in Stag Industrial by 1.5% in the second quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock valued at $347,261,000 after purchasing an additional 142,132 shares during the last quarter. Alliancebernstein L.P. increased its position in Stag Industrial by 4.3% in the second quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock worth $143,339,000 after buying an additional 162,887 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Stag Industrial by 10.7% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock valued at $138,038,000 after buying an additional 377,952 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Stag Industrial by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,831,665 shares of the real estate investment trust’s stock valued at $99,927,000 after buying an additional 25,059 shares during the period. Finally, Channing Capital Management LLC lifted its position in shares of Stag Industrial by 8.3% during the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock valued at $77,174,000 after buying an additional 167,093 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on STAG. JPMorgan Chase & Co. lifted their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Finally, Barclays restated an “underweight” rating and set a $39.00 price target (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Three equities 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 company presently has a consensus rating of “Hold” and a consensus target price of $39.50.

Stag Industrial Stock Down 0.0%

Shares of NYSE STAG opened at $36.53 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89. The company has a market cap of $6.98 billion, a P/E ratio of 25.02 and a beta of 1.04. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.98. The business has a 50-day simple moving average of $37.98 and a two-hundred day simple moving average of $37.72.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s payout ratio is 106.16%.

Insider Activity

In other news, Director Virgis Colbert sold 18,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the transaction, the director owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Matts Pinard sold 25,242 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the sale, the executive vice president owned 951 shares in the company, valued at $37,260.18. This trade represents a 96.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 136,974 shares of company stock worth $5,345,904 in the last three months. Corporate 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.