Stag Industrial, Inc. $STAG Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in Stag Industrial, Inc. (NYSE:STAG) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,502 shares of the real estate investment trust’s stock after selling 22,315 shares during the period. Fisher Asset Management LLC’s holdings in Stag Industrial were worth $6,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STAG. Norges Bank acquired a new position in Stag Industrial in the second quarter valued at $282,893,000. Nuveen LLC acquired a new stake in shares of Stag Industrial during the first quarter worth about $129,972,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Stag Industrial by 82.3% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock valued at $128,199,000 after purchasing an additional 1,595,238 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after buying an additional 451,355 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in Stag Industrial by 57.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock worth $41,622,000 after buying an additional 416,415 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Down 0.7%

STAG stock opened at $38.83 on Friday. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.25 billion, a P/E ratio of 29.87 and a beta of 1.06. The company’s 50-day moving average price is $37.95 and its 200 day moving average price is $36.55.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The business had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. On average, research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on STAG shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research note on Monday. Robert W. Baird lifted their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Citigroup increased their price target on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, Evercore ISI lifted their price objective on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Stag Industrial presently has a consensus rating of “Hold” and an average price target of $38.89.

Insider Activity

In other Stag Industrial news, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares in the company, valued at approximately $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the completion of the sale, the executive vice president directly owned 9,422 shares in the company, valued at $365,102.50. This trade represents a 58.25% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

About Stag Industrial

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.