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

Sophron Capital Management L.P. acquired a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 57,461 shares of the real estate investment trust’s stock, valued at approximately $1,943,000.

Several other large investors also recently added to or reduced their stakes in STAG. Swiss National Bank lifted its holdings in shares of STAG Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock worth $12,114,000 after acquiring an additional 2,800 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in STAG Industrial during the fourth quarter valued at about $1,276,000. Congress Asset Management Co. lifted its stake in STAG Industrial by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock worth $7,472,000 after purchasing an additional 20,327 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of STAG Industrial by 2.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust’s stock worth $12,159,000 after purchasing an additional 8,259 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of STAG Industrial by 1.5% during the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust’s stock valued at $917,000 after purchasing an additional 402 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on STAG. Barclays dropped their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Raymond James boosted their price objective on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Robert W. Baird cut their price objective on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada reduced 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 report on Monday, January 27th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.63.

STAG Industrial Trading Up 1.1%

STAG opened at $35.86 on Monday. STAG Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. 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 has a 50 day simple moving average of $33.81 and a two-hundred day simple moving average of $34.76. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 34.48 and a beta of 0.93.

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

STAG Industrial Announces Dividend

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 paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Monday, June 30th. STAG Industrial’s payout ratio is 112.03%.

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.