Tudor Investment Corp ET AL Buys Shares of 323,666 Stag Industrial, Inc. $STAG

Tudor Investment Corp ET AL purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 323,666 shares of the real estate investment trust’s stock, valued at approximately $11,422,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Swiss Life Asset Management Ltd acquired a new position in Stag Industrial in the third quarter valued at about $298,000. JPMorgan Chase & Co. raised its stake in shares of Stag Industrial by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,495,511 shares of the real estate investment trust’s stock valued at $52,778,000 after acquiring an additional 170,639 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Stag Industrial by 34.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,841 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 1,511 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Stag Industrial in the 3rd quarter worth approximately $1,732,000. Finally, Coldstream Capital Management Inc. boosted its position in shares of Stag Industrial by 1.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 68,032 shares of the real estate investment trust’s stock worth $2,401,000 after purchasing an additional 918 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Stag Industrial Stock Performance

Shares of STAG opened at $36.59 on Friday. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.98. The stock has a market capitalization of $7.00 billion, a PE ratio of 25.06 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 has a 50-day simple moving average of $38.21 and a 200-day simple moving average of $37.70.

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

Stag Industrial Dividend Announcement

The firm 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. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is currently 102.05%.

Insider Buying and Selling

In other Stag Industrial news, Director Virgis Colbert sold 18,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 4,210 shares in the company, valued at $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the executive vice president owned 951 shares in the company, valued at $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. Insiders sold a total of 136,974 shares of company stock worth $5,345,904 over the last 90 days. 1.10% of the stock is owned by insiders.

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.