Bahl & Gaynor Inc. Lowers Holdings in Stag Industrial, Inc. $STAG

Bahl & Gaynor Inc. trimmed its stake in Stag Industrial, Inc. (NYSE:STAG) by 37.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 24,200 shares of the real estate investment trust’s stock after selling 14,425 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Stag Industrial were worth $878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Stag Industrial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock worth $945,572,000 after purchasing an additional 347,729 shares during the last quarter. Earnest Partners LLC raised its holdings in Stag Industrial by 0.7% in the first quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust’s stock worth $137,999,000 after buying an additional 25,140 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Stag Industrial by 3.3% in the first quarter. Alliancebernstein L.P. now owns 3,788,036 shares of the real estate investment trust’s stock worth $136,824,000 after buying an additional 120,442 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Stag Industrial by 1.3% in the second quarter. Geode Capital Management LLC now owns 3,684,395 shares of the real estate investment trust’s stock worth $133,690,000 after buying an additional 46,713 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Stag Industrial during the first quarter valued at approximately $129,972,000. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Trading Up 1.9%

Shares of NYSE:STAG opened at $39.05 on Monday. The stock’s 50-day simple moving average is $37.25 and its two-hundred day simple moving average is $36.31. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 30.03 and a beta of 0.95. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.57. 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 released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $211.12 million during the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.1242 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.8%. Stag Industrial’s dividend payout ratio (DPR) is presently 114.62%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Evercore ISI lifted their target price on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Royal Bank Of Canada boosted their price target on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Wells Fargo & Company increased their price objective on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Finally, Cantor Fitzgerald began coverage on Stag Industrial in a report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.89.

Insider Transactions at Stag Industrial

In other news, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director owned 38,666 shares in the company, valued at $1,361,043.20. This trade represents a 4.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Benjamin S. Butcher sold 25,000 shares of the business’s stock in a transaction 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 sale, the director directly owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,148 shares of company stock worth $1,502,621 in the last 90 days. 1.10% of the stock is currently owned by insiders.

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.