Cascade Financial Partners LLC Increases Stock Position in Stag Industrial, Inc. (NYSE:STAG)

Cascade Financial Partners LLC increased its position in Stag Industrial, Inc. (NYSE:STAG) by 261.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,098 shares of the real estate investment trust’s stock after purchasing an additional 16,711 shares during the quarter. Cascade Financial Partners LLC’s holdings in Stag Industrial were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in STAG. Versant Capital Management Inc boosted its stake in shares of Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 506 shares during the period. Tsfg LLC purchased a new position in shares of Stag Industrial in the first quarter valued at $32,000. Garde Capital Inc. acquired a new stake in Stag Industrial in the first quarter valued at $33,000. Avalon Trust Co acquired a new stake in Stag Industrial in the first quarter valued at $36,000. Finally, Harbour Investments Inc. raised its holdings in Stag Industrial by 187.7% in the first quarter. Harbour Investments Inc. now owns 1,260 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 822 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Stock Down 0.2%

Shares of NYSE:STAG opened at $34.74 on Friday. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 27.35 and a beta of 0.91. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $40.75. The company’s fifty day moving average is $35.80 and its two-hundred day moving average is $34.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. The company had revenue of $207.44 million for the quarter, compared to analysts’ expectations of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. Equities analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $0.1242 per share. This represents a dividend yield of 422.0%. The ex-dividend date of this dividend was Thursday, July 31st. Stag Industrial’s dividend payout ratio is 117.32%.

Insider Buying and Selling at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director directly owned 7,115 shares of the company’s stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

STAG has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Raymond James Financial upped their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Robert W. Baird cut their price target on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Evercore ISI upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Stag Industrial has an average rating of “Hold” and an average target price of $38.17.

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.