Today: Today, Stag Industrial Inc. (STAG) Stake Increased by Wells Fargo & Company MN

Today, Stag Industrial Inc. (STAG) Stake Increased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in shares of Stag Industrial Inc. (NYSE:STAG) by 13.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 695,305 shares of the company’s stock after buying an additional 84,576 shares during the period. Wells Fargo & Company MN owned about 0.97% of Stag Industrial worth $17,042,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of STAG. Advisory Services Network LLC raised its position in Stag Industrial by 0.6% in the third quarter. Advisory Services Network LLC now owns 6,332 shares of the company’s stock valued at $155,000 after buying an additional 38 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Stag Industrial by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 39,504 shares of the company’s stock valued at $941,000 after buying an additional 237 shares during the last quarter. HighTower Advisors LLC raised its position in Stag Industrial by 1.0% in the second quarter. HighTower Advisors LLC now owns 28,218 shares of the company’s stock valued at $676,000 after buying an additional 268 shares during the last quarter. Moors & Cabot Inc. raised its position in Stag Industrial by 0.6% in the second quarter. Moors & Cabot Inc. now owns 47,894 shares of the company’s stock valued at $1,142,000 after buying an additional 277 shares during the last quarter. Finally, Quadrant Capital Management LLC raised its position in Stag Industrial by 1.1% in the second quarter. Quadrant Capital Management LLC now owns 30,485 shares of the company’s stock valued at $726,000 after buying an additional 325 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Stag Industrial Inc. (NYSE:STAG) traded up 1.16% during midday trading on Friday, hitting $23.57. 178,077 shares of the stock were exchanged. Stag Industrial Inc. has a 12 month low of $14.97 and a 12 month high of $25.51. The firm’s 50-day moving average is $22.76 and its 200-day moving average is $23.34. The stock’s market cap is $1.78 billion.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.02. Stag Industrial had a negative net margin of 7.25% and a negative return on equity of 2.54%. The firm had revenue of $62.60 million for the quarter, compared to the consensus estimate of $11.01 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts predict that Stag Industrial Inc. will post $1.56 earnings per share for the current year.

A number of equities analysts recently weighed in on STAG shares. DA Davidson boosted their price objective on shares of Stag Industrial from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Royal Bank Of Canada boosted their price objective on shares of Stag Industrial from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. RBC Capital Markets restated an “outperform” rating and issued a $26.00 price objective (up from $22.00) on shares of Stag Industrial in a report on Friday, August 5th. Jefferies Group restated a “hold” rating on shares of Stag Industrial in a report on Thursday, August 18th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $23.50 price objective on shares of Stag Industrial in a report on Monday, August 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $24.68.

In other news, Director Larry T. Guillemette bought 10,500 shares of the stock in a transaction on Monday, September 26th. The stock was bought at an average cost of $24.91 per share, for a total transaction of $261,555.00. Following the completion of the purchase, the director now directly owns 11,882 shares in the company, valued at $295,980.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Benjamin S. Butcher bought 2,000 shares of the stock in a transaction on Friday, September 9th. The stock was purchased at an average price of $23.81 per share, with a total value of $47,620.00. Following the completion of the purchase, the chief executive officer now owns 72,088 shares of the company’s stock, valued at $1,716,415.28. The disclosure for this purchase can be found here. Insiders own 2.10% of the company’s stock.

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