Chung Wu Investment Group LLC Buys New Shares in Stag Industrial, Inc. $STAG

Chung Wu Investment Group LLC bought a new stake in Stag Industrial, Inc. (NYSE:STAG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 800 shares of the real estate investment trust’s stock, valued at approximately $29,000.

Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas lifted its stake in shares of Stag Industrial by 55.3% in the first quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust’s stock valued at $1,435,000 after buying an additional 14,155 shares during the period. Principal Financial Group Inc. raised its position in Stag Industrial by 2.7% in the first quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust’s stock worth $15,497,000 after purchasing an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Stag Industrial by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 571 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 1,295 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Stag Industrial by 70.0% in the first quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust’s stock worth $12,633,000 after purchasing an additional 144,368 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Performance

NYSE STAG opened at $36.40 on Tuesday. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 28.66 and a beta of 0.92. The company has a 50 day moving average of $35.60 and a 200-day moving average of $35.12. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $39.21.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

Analyst Upgrades and Downgrades

STAG has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Stag Industrial in a research report on Saturday, September 27th. Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research report on Wednesday, October 1st. Finally, Evercore ISI increased their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Stag Industrial currently has an average rating of “Hold” and a consensus price target of $38.00.

Insider Activity at Stag Industrial

In related news, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the sale, the director owned 38,666 shares of the company’s stock, valued at $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the sale, the director directly owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. This represents a 76.78% decrease in their position. The disclosure for this sale can be found here. Company 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.