Stag Industrial, Inc. $STAG Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its holdings in Stag Industrial, Inc. (NYSE:STAG) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,945,459 shares of the real estate investment trust’s stock after selling 20,373 shares during the quarter. Stag Industrial comprises about 0.8% of Boston Trust Walden Corp’s investment portfolio, making the stock its 28th largest holding. Boston Trust Walden Corp’s holdings in Stag Industrial were worth $103,945,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in Stag Industrial during the second quarter worth approximately $282,893,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in Stag Industrial by 82.3% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock worth $128,199,000 after purchasing an additional 1,595,238 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Stag Industrial by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after purchasing an additional 451,355 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of 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. Finally, Hudson Bay Capital Management LP boosted its holdings in shares of Stag Industrial by 120.0% in the 2nd quarter. Hudson Bay Capital Management LP now owns 747,958 shares of the real estate investment trust’s stock valued at $27,136,000 after buying an additional 407,910 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Trading Down 0.2%

Shares of STAG opened at $37.25 on Monday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month 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 firm has a market capitalization of $6.96 billion, a P/E ratio of 28.65 and a beta of 1.06. The firm’s 50-day moving average is $38.40 and its two-hundred day moving average is $36.78.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $211.12 million during 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 company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. On average, research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s payout ratio is presently 114.62%.

Insider Buying and Selling

In other Stag Industrial news, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the sale, the executive vice president owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. This represents a 58.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 target price on the stock. Robert W. Baird lifted their price objective on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Evercore ISI upped their target price on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Finally, Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.89.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.