Boston Trust Walden Corp Sells 263,193 Shares of Stag Industrial, Inc. $STAG

Boston Trust Walden Corp decreased its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,549,987 shares of the real estate investment trust’s stock after selling 263,193 shares during the quarter. Boston Trust Walden Corp owned 1.33% of Stag Industrial worth $91,953,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of Stag Industrial by 1.5% in the second quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock worth $347,261,000 after purchasing an additional 142,132 shares during the last quarter. Norges Bank bought a new position in shares of Stag Industrial in the 4th quarter worth $295,644,000. Alliancebernstein L.P. increased its position in shares of Stag Industrial by 4.3% during the second quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock worth $143,339,000 after acquiring an additional 162,887 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Stag Industrial by 10.7% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock worth $138,038,000 after purchasing an additional 377,952 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Stag Industrial by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock valued at $140,851,000 after acquiring an additional 65,502 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings downgraded Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Barclays reduced their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Raymond James Financial assumed coverage on Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price for the company. Wells Fargo & Company reduced their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Finally, Evercore reissued an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.40.

Stag Industrial Stock Up 2.0%

NYSE STAG opened at $39.11 on Friday. The company has a market capitalization of $7.48 billion, a P/E ratio of 30.32 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average price is $38.26 and its 200-day moving average price is $37.98. Stag Industrial, Inc. has a 52 week low of $33.72 and a 52 week high of $39.99.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. The business had revenue of $224.21 million for the quarter, compared to the consensus estimate of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities research analysts predict that Stag Industrial, Inc. will post 2.64 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio (DPR) is currently 120.16%.

About Stag Industrial

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.