Sophron Capital Management L.P. Makes New $1.94 Million Investment in STAG Industrial, Inc. (NYSE:STAG)

Sophron Capital Management L.P. bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 57,461 shares of the real estate investment trust’s stock, valued at approximately $1,943,000.

Other large investors also recently modified their holdings of the company. FMR LLC raised its holdings in STAG Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock worth $305,224,000 after buying an additional 2,088,839 shares during the last quarter. Earnest Partners LLC grew its holdings in STAG Industrial by 6.6% during the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock worth $128,361,000 after buying an additional 235,622 shares in the last quarter. Nuveen Asset Management LLC raised its position in STAG Industrial by 5.9% in the 4th quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after buying an additional 204,948 shares during the last quarter. Geode Capital Management LLC raised its position in STAG Industrial by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock valued at $115,748,000 after buying an additional 18,009 shares during the last quarter. Finally, Channing Capital Management LLC lifted its position in shares of STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock valued at $76,421,000 after purchasing an additional 164,284 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Price Performance

NYSE STAG opened at $35.86 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.69 billion, a PE ratio of 34.48 and a beta of 0.93. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The firm’s 50-day simple moving average is $33.81 and its two-hundred day simple moving average is $34.76.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.16%. STAG Industrial’s dividend payout ratio is currently 112.03%.

Analysts Set New Price Targets

STAG has been the subject of a number of research analyst reports. Raymond James increased their price target on STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Barclays lowered their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird reduced their price target on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada dropped their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.63.

Insider Transactions at STAG Industrial

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

STAG Industrial Company 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.