M&T Bank Corp Buys 17,129 Shares of Stag Industrial, Inc. $STAG

M&T Bank Corp grew its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 190.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,101 shares of the real estate investment trust’s stock after acquiring an additional 17,129 shares during the quarter. M&T Bank Corp’s holdings in Stag Industrial were worth $959,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Stag Industrial during the third quarter valued at $27,000. Root Financial Partners LLC purchased a new stake in shares of Stag Industrial during the third quarter valued at $43,000. EverSource Wealth Advisors LLC boosted its position in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Stag Industrial by 76.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 764 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Stag Industrial by 98.5% during the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 878 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Trading Up 0.0%

Shares of NYSE:STAG opened at $38.96 on Monday. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 30.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The stock’s 50-day simple moving average is $38.09 and its two-hundred day simple moving average is $38.13. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $39.99.

Stag Industrial (NYSE:STAG) last announced its earnings results 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. The business had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.52 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Analysts expect that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio (DPR) is presently 120.16%.

Insiders Place Their Bets

In other Stag Industrial news, EVP Matts Pinard sold 25,242 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.18, for a total value of $988,981.56. Following the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the transaction, the director directly owned 4,210 shares in the company, valued at $160,316.80. The trade was a 81.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 136,974 shares of company stock valued at $5,345,904. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the topic of several recent analyst reports. Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. iA Financial set a $39.00 price objective on Stag Industrial in a research report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price objective on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Evercore reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th. Finally, Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.78.

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.