J.M. Arbour LLC Takes Position in Stag Industrial, Inc. $STAG

J.M. Arbour LLC bought a new position in shares of Stag Industrial, Inc. (NYSE:STAG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 18,325 shares of the real estate investment trust’s stock, valued at approximately $674,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in Stag Industrial during the 3rd quarter valued at $27,000. Root Financial Partners LLC purchased a new position in Stag Industrial in the 3rd quarter valued at about $43,000. EverSource Wealth Advisors LLC boosted its position in Stag Industrial by 270.1% in the 2nd 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. grew its stake 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 acquiring an additional 764 shares in the last quarter. Finally, Covestor Ltd grew its stake 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 acquiring an additional 878 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $38.81 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. Stag Industrial, Inc. has a 1 year low of $31.64 and a 1 year high of $39.98. The firm’s 50-day simple moving average is $38.02 and its 200-day simple moving average is $37.87. The firm has a market cap of $7.42 billion, a PE ratio of 26.58 and a beta of 1.04.

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

Insiders Place Their Bets

In other news, EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 951 shares in the company, valued at approximately $37,260.18. This trade represents a 96.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Virgis Colbert sold 18,000 shares of the business’s 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 completion of the sale, the director owned 4,210 shares of the company’s stock, valued at $160,316.80. This trade represents a 81.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 136,974 shares of company stock valued at $5,345,904 in the last quarter. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

STAG has been the topic of several recent analyst reports. Barclays reiterated an “underweight” rating and issued a $39.00 price target (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. iA Financial set a $39.00 target price on Stag Industrial in a research report on Tuesday, January 13th. Finally, Robert W. Baird set a $40.00 target price on Stag Industrial in a research note on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Stag Industrial currently has an average rating of “Hold” and an average price target of $39.50.

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.