Pensionfund PDN Purchases Shares of 53,880 Stag Industrial, Inc. $STAG

Pensionfund PDN acquired a new position in shares of Stag Industrial, Inc. (NYSE:STAG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,880 shares of the real estate investment trust’s stock, valued at approximately $1,981,000. Stag Industrial comprises about 1.3% of Pensionfund PDN’s holdings, making the stock its 22nd biggest holding.

Several other hedge funds also recently modified their holdings of the company. Congress Asset Management Co. raised its stake in shares of Stag Industrial by 2.6% in the fourth quarter. Congress Asset Management Co. now owns 208,574 shares of the real estate investment trust’s stock valued at $7,667,000 after acquiring an additional 5,192 shares during the last quarter. SG Americas Securities LLC grew its position in Stag Industrial by 269.3% during the 4th quarter. SG Americas Securities LLC now owns 155,724 shares of the real estate investment trust’s stock worth $5,724,000 after acquiring an additional 113,557 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Stag Industrial by 17.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,799 shares of the real estate investment trust’s stock valued at $813,000 after purchasing an additional 3,227 shares in the last quarter. Wedmont Private Capital acquired a new stake in Stag Industrial during the 4th quarter valued at $203,000. Finally, Everhart Financial Group Inc. raised its position in Stag Industrial by 8.3% in the 4th quarter. Everhart Financial Group Inc. now owns 22,455 shares of the real estate investment trust’s stock valued at $825,000 after purchasing an additional 1,728 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Buying and Selling

In other news, CEO William R. Crooker sold 93,732 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.17, for a total value of $3,671,482.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Virgis Colbert sold 18,000 shares of Stag Industrial stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 136,974 shares of company stock worth $5,345,904 over the last three months. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on STAG. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Robert W. Baird set a $40.00 price target on Stag Industrial in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Finally, Barclays restated an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.50.

Stag Industrial Stock Up 1.0%

NYSE:STAG opened at $36.99 on Tuesday. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 25.33 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The stock’s fifty day moving average price is $38.19 and its two-hundred day moving average price is $37.72. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.98.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is presently 102.05%.

Stag Industrial Profile

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.