Aberdeen Group plc Grows Stock Position in Stag Industrial, Inc. $STAG

Key Points

• Aberdeen Group plc increased its stake in Stag Industrial, Inc. by 12.5% during the second quarter, now holding 66,295 shares worth approximately $2.4 million.
• Stag Industrial recently announced a $0.1242 monthly dividend, set to be paid on January 15th, with a yield of 3.9% and an ex-dividend date of December 31st.
• Analysts have varying opinions on Stag Industrial, with recent ratings including a "neutral" from Cantor Fitzgerald and an "outperform" upgrade from Evercore ISI, reflecting a consensus hold rating and a target price of $38.00.

Aberdeen Group plc grew its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 12.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,295 shares of the real estate investment trust's stock after purchasing an additional 7,349 shares during the period. Aberdeen Group plc's holdings in Stag Industrial were worth $2,405,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new stake in Stag Industrial during the 2nd quarter worth $29,000. Tsfg LLC acquired a new stake in shares of Stag Industrial during the first quarter valued at about $32,000. Garde Capital Inc. acquired a new stake in shares of Stag Industrial during the first quarter valued at about $33,000. Avalon Trust Co purchased a new stake in shares of Stag Industrial during the first quarter worth about $36,000. Finally, Keystone Global Partners LLC acquired a new position in shares of Stag Industrial in the first quarter worth about $41,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 25,000 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the transaction, the director owned 7,562 shares in the company, valued at $279,113.42. The trade was a 76.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of the company's stock in a transaction 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 approximately $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

STAG has been the subject of a number of recent analyst reports. Cantor Fitzgerald began coverage on Stag Industrial in a research note on Wednesday, October 1st. They set a "neutral" rating and a $37.00 price objective for the company. Evercore ISI raised their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Weiss Ratings restated a "hold (c+)" rating on shares of Stag Industrial in a research note on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $37.00 price objective on shares of Stag Industrial in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.00.

Stag Industrial Stock Performance

Stag Industrial stock opened at $38.27 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $38.55. The company has a fifty day moving average price of $35.95 and a two-hundred day moving average price of $35.21. The company has a market cap of $7.14 billion, a PE ratio of 30.13 and a beta of 0.92.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. During the same period last year, the firm posted $0.61 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders 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 3.9%. The ex-dividend date is Wednesday, December 31st. Stag Industrial's payout ratio is presently 117.32%.

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.

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