Kaizen Financial Strategies Cuts Position in STAG Industrial, Inc. (NYSE:STAG)

Kaizen Financial Strategies lowered its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,693 shares of the real estate investment trust’s stock after selling 556 shares during the quarter. Kaizen Financial Strategies’ holdings in STAG Industrial were worth $565,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sugar Maple Asset Management LLC acquired a new position in shares of STAG Industrial during the fourth quarter worth about $43,000. Quarry LP purchased a new position in STAG Industrial in the 4th quarter worth approximately $62,000. Hilltop National Bank grew its position in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares in the last quarter. Principal Securities Inc. raised its stake in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares during the period. Finally, Aew Capital Management L P lifted its position in shares of STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Transactions at STAG Industrial

In related 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 owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $34.60 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 33.27 and a beta of 0.93. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63. The business has a 50 day simple moving average of $33.94 and a 200-day simple moving average of $34.85.

STAG Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The company had revenue of $205.57 million for the quarter, compared to analysts’ expectations of $202.04 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The business also recently announced 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. This represents a $1.49 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial’s dividend payout ratio (DPR) is presently 112.03%.

Analyst Upgrades and Downgrades

STAG has been the topic of several analyst reports. Barclays dropped their price target on shares of 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 dropped their target price on STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday. Royal Bank of Canada lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Finally, Raymond James upped their target price on STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.63.

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.