Stag Industrial, Inc. $STAG Position Increased by Bessemer Group Inc.

Bessemer Group Inc. raised its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 8.0% in the 4th quarter, Holdings Channel reports. The firm owned 834,733 shares of the real estate investment trust’s stock after purchasing an additional 61,675 shares during the quarter. Bessemer Group Inc.’s holdings in Stag Industrial were worth $30,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in STAG. Measured Wealth Private Client Group LLC bought a new stake in Stag Industrial during the third quarter valued at $27,000. Root Financial Partners LLC bought a new position in shares of Stag Industrial during the third quarter worth about $43,000. International Assets Investment Management LLC bought a new position in shares of Stag Industrial during the fourth quarter worth about $51,000. EverSource Wealth Advisors LLC grew 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 worth $52,000 after acquiring an additional 1,048 shares during the last quarter. Finally, Covestor Ltd grew 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 worth $62,000 after acquiring an additional 878 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on STAG shares. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Barclays lowered their price target on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Two 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’s stock. Based on data from MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $39.78.

Stag Industrial Stock Down 0.7%

Stag Industrial stock opened at $37.76 on Friday. The company has a 50-day simple moving average of $37.99 and a 200-day simple moving average of $38.12. The firm has a market capitalization of $7.22 billion, a P/E ratio of 29.27 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. Stag Industrial, Inc. has a one year low of $33.72 and a one year 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, beating analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. Stag Industrial’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, equities analysts expect that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is currently 120.16%.

Insider Activity at Stag Industrial

In related news, Director Virgis Colbert sold 18,000 shares of the 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. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Matts Pinard sold 25,242 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.18, for a total transaction of $988,981.56. Following the completion of the transaction, the executive vice president owned 951 shares of the company’s stock, valued at $37,260.18. This represents a 96.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 136,974 shares of company stock worth $5,345,904 in the last 90 days. 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.