Stag Industrial, Inc. $STAG Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,495,511 shares of the real estate investment trust’s stock after acquiring an additional 170,639 shares during the quarter. JPMorgan Chase & Co.’s holdings in Stag Industrial were worth $52,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its position in 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 worth $270,000 after acquiring an additional 260 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Stag Industrial by 4.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,230 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 282 shares in the last quarter. ProShare Advisors LLC boosted 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 valued at $300,000 after purchasing an additional 332 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Stag Industrial by 3.3% in 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 grew its stake in shares of Stag Industrial by 3.3% in the 3rd quarter. IFG Advisory LLC now owns 11,118 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 351 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STAG has been the subject of several recent research reports. Barclays reissued an “underweight” rating and set a $39.00 target price (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Finally, iA Financial set a $39.00 target price on Stag Industrial in a 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 given a Sell rating to the company. Based on data from MarketBeat.com, Stag Industrial has an average rating of “Hold” and an average target price of $39.50.

Stag Industrial Stock Performance

Shares of STAG opened at $36.59 on Friday. The company has a 50-day moving average of $38.21 and a two-hundred day moving average of $37.69. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 25.06 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.98.

Stag Industrial (NYSE:STAG) last announced its 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 company had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. On average, equities research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s payout ratio is presently 102.05%.

Insider Buying and Selling

In other Stag Industrial news, CEO William R. Crooker sold 93,732 shares of Stag Industrial stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Virgis Colbert sold 18,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the transaction, the director owned 4,210 shares in the company, valued at $160,316.80. This represents a 81.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 136,974 shares of company stock valued at $5,345,904. Corporate insiders own 1.10% of the company’s stock.

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.