Susquehanna Fundamental Investments LLC Makes New $3.67 Million Investment in STAG Industrial, Inc. (NYSE:STAG)

Susquehanna Fundamental Investments LLC acquired a new stake in STAG Industrial, Inc. (NYSE:STAG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 108,599 shares of the real estate investment trust’s stock, valued at approximately $3,673,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. Coldstream Capital Management Inc. raised its holdings in STAG Industrial by 6.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 58,048 shares of the real estate investment trust’s stock valued at $1,963,000 after buying an additional 3,531 shares during the period. Nebula Research & Development LLC bought a new position in STAG Industrial during the 4th quarter valued at about $576,000. Voya Investment Management LLC lifted its position in shares of STAG Industrial by 25.1% during the fourth quarter. Voya Investment Management LLC now owns 65,174 shares of the real estate investment trust’s stock worth $2,204,000 after purchasing an additional 13,077 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in STAG Industrial by 26.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 23,503 shares of the real estate investment trust’s stock valued at $795,000 after buying an additional 4,846 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of STAG Industrial by 9.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 103,737 shares of the real estate investment trust’s stock valued at $3,509,000 after purchasing an additional 9,169 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

STAG opened at $32.84 on Tuesday. The firm has a market capitalization of $6.13 billion, a PE ratio of 31.58 and a beta of 0.96. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50-day moving average is $34.32 and its two-hundred day moving average is $35.11. STAG Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share. The ex-dividend date is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.54%. STAG Industrial’s dividend payout ratio is presently 143.27%.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on STAG shares. Royal Bank of Canada decreased their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Barclays decreased their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Finally, Raymond James dropped their target price on shares of STAG Industrial from $40.00 to $36.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, STAG Industrial currently has a consensus rating of “Hold” and an average price target of $39.57.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.