CW Advisors LLC Increases Position in Stag Industrial, Inc. $STAG

CW Advisors LLC lifted its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 140.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 36,366 shares of the real estate investment trust’s stock after purchasing an additional 21,231 shares during the period. CW Advisors LLC’s holdings in Stag Industrial were worth $1,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. Vanguard Group Inc. boosted its position in shares of Stag Industrial by 1.3% during 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 acquiring an additional 347,729 shares in the last quarter. Norges Bank acquired a new stake in shares of Stag Industrial during the 2nd quarter worth about $282,893,000. Earnest Partners LLC lifted its stake in Stag Industrial by 0.7% during 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 purchasing an additional 25,140 shares during the last quarter. Alliancebernstein L.P. boosted 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 valued at $136,824,000 after purchasing an additional 120,442 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in 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 valued at $133,690,000 after purchasing an additional 46,713 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on STAG. Evercore ISI increased their target price on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Citigroup upped their price objective on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Robert W. Baird raised their price objective on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price for the company. Finally, Wells Fargo & Company upped their target price 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. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.89.

Stag Industrial Stock Performance

Shares of STAG stock opened at $38.75 on Monday. 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 stock has a 50 day simple moving average of $38.03 and a 200-day simple moving average of $36.59. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 29.81 and a beta of 1.06. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $39.73.

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

Stag Industrial Dividend Announcement

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

Insider Transactions at Stag Industrial

In other news, EVP Michael Chase sold 13,144 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 9,422 shares of the company’s stock, valued at $365,102.50. This trade represents a 58.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the transaction, the director owned 38,666 shares of the company’s stock, valued at $1,361,043.20. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.