Stag Industrial, Inc. $STAG Stock Position Raised by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in Stag Industrial, Inc. (NYSE:STAG) by 7,339.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,233 shares of the real estate investment trust’s stock after purchasing an additional 129,469 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Stag Industrial were worth $4,824,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Bessemer Group Inc. lifted its holdings in shares of Stag Industrial by 8.0% in the fourth quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock valued at $30,684,000 after purchasing an additional 61,675 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Stag Industrial by 77.6% in the fourth quarter. Allworth Financial LP now owns 2,465 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 1,077 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Stag Industrial by 1.1% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 305,492 shares of the real estate investment trust’s stock valued at $11,230,000 after purchasing an additional 3,400 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in shares of Stag Industrial by 4.5% in the fourth quarter. Naples Global Advisors LLC now owns 16,286 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 701 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC lifted its holdings in shares of Stag Industrial by 13.5% in the fourth quarter. Drucker Wealth 3.0 LLC now owns 25,271 shares of the real estate investment trust’s stock valued at $929,000 after purchasing an additional 3,009 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling at Stag Industrial

In related news, CEO William R. Crooker sold 93,732 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the executive vice president owned 951 shares of the company’s stock, valued at approximately $37,260.18. This represents a 96.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $38.17 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial, Inc. has a 1 year low of $33.72 and a 1 year high of $39.99. The business has a fifty day simple moving average of $37.95 and a 200 day simple moving average of $38.12. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 29.59 and a beta of 1.00.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The business had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.52 million. During the same period last year, the company earned $0.61 earnings per share. Stag Industrial’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts predict that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s dividend payout ratio (DPR) is currently 120.16%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on STAG shares. Barclays reduced their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased 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 target price on Stag Industrial in a report on Tuesday, February 17th. Finally, Evercore restated an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Stag Industrial presently has a consensus rating of “Hold” and an average price target of $39.78.

Stag Industrial Company 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.