Stolper Co Has $671,000 Stock Holdings in Stag Industrial, Inc. $STAG

Stolper Co trimmed its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 67.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,250 shares of the real estate investment trust’s stock after selling 37,383 shares during the period. Stolper Co’s holdings in Stag Industrial were worth $671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Stag Industrial during the 2nd quarter worth about $282,893,000. Balyasny Asset Management L.P. boosted its holdings in shares of Stag Industrial by 1,818.4% in the third quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock worth $20,148,000 after buying an additional 541,170 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after acquiring an additional 451,355 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Stag Industrial by 57.0% in the second quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock worth $41,622,000 after acquiring an additional 416,415 shares in the last quarter. Finally, Hudson Bay Capital Management LP raised its holdings in shares of Stag Industrial by 120.0% during the second quarter. Hudson Bay Capital Management LP now owns 747,958 shares of the real estate investment trust’s stock valued at $27,136,000 after acquiring an additional 407,910 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on STAG. Barclays restated an “underweight” rating and issued a $39.00 price target (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. JPMorgan Chase & Co. raised their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, iA Financial set a $39.00 price target on Stag Industrial in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and a consensus target price of $39.50.

Stag Industrial Price Performance

NYSE STAG opened at $36.27 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 24.84 and a beta of 1.04. The company has a 50 day simple moving average of $38.16 and a 200-day simple moving average of $37.71. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.98.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm 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 firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. Equities research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s payout ratio is currently 102.05%.

Insider Activity

In related news, EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total transaction of $988,981.56. Following the completion of the sale, the executive vice president owned 951 shares of the company’s stock, valued at approximately $37,260.18. This trade represents a 96.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virgis Colbert sold 18,000 shares of Stag Industrial 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 sale, the director directly owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. The trade was a 81.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 136,974 shares of company stock worth $5,345,904 in the last ninety days. 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.