Mizuho Markets Cayman LP Buys New Stake in Stag Industrial, Inc. $STAG

Mizuho Markets Cayman LP bought a new position in Stag Industrial, Inc. (NYSE:STAG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 195,243 shares of the real estate investment trust’s stock, valued at approximately $6,890,000. Mizuho Markets Cayman LP owned 0.10% of Stag Industrial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STAG. Park Avenue Securities LLC grew its position in shares of Stag Industrial by 3.5% in the third quarter. Park Avenue Securities LLC now owns 7,639 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 260 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Stag Industrial by 4.7% in the third quarter. Benjamin Edwards Inc. now owns 6,230 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 282 shares during the period. ProShare Advisors LLC lifted its position in shares of Stag Industrial by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 332 shares during the last quarter. AlphaQuest LLC lifted its position in shares of Stag Industrial by 3.3% during the 3rd quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 350 shares during the last quarter. Finally, IFG Advisory LLC boosted its stake in Stag Industrial by 3.3% during the 3rd quarter. IFG Advisory LLC now owns 11,118 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Up 0.9%

STAG stock opened at $38.63 on Wednesday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.98. The company has a market cap of $7.38 billion, a PE ratio of 26.46 and a beta of 1.04. The business’s 50-day simple moving average is $38.23 and its 200 day simple moving average is $37.69. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89.

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

Stag Industrial Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. Stag Industrial’s payout ratio is currently 102.05%.

Insider Activity at Stag Industrial

In other Stag Industrial news, EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total transaction of $988,981.56. Following the sale, the executive vice president owned 951 shares in the company, valued at $37,260.18. The trade was a 96.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Virgis Colbert sold 18,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the sale, the director directly owned 4,210 shares in the company, valued at $160,316.80. This trade represents a 81.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 136,974 shares of company stock worth $5,345,904. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.