Alliancebernstein L.P. Grows Stock Holdings in Stag Industrial, Inc. $STAG

Key Points

• Alliancebernstein L.P. increased its holdings in Stag Industrial, raising its position by 3.3% to a total of 3,788,036 shares, valued at approximately $136.8 million.
• Stag Industrial recently announced a monthly dividend of $0.1242 per share, with an annualized yield of 4.1% and a dividend payout ratio of 117.32%.
• Analysts have set a consensus target price of $38.17 for Stag Industrial, with ratings ranging from "Buy" to "Hold" from various research firms.

Alliancebernstein L.P. boosted its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 3.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,788,036 shares of the real estate investment trust's stock after purchasing an additional 120,442 shares during the quarter. Alliancebernstein L.P. owned approximately 2.03% of Stag Industrial worth $136,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC grew its stake in Stag Industrial by 70.0% in the first quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust's stock valued at $12,633,000 after purchasing an additional 144,368 shares during the last quarter. Amundi increased its stake in shares of Stag Industrial by 6.2% in the 1st quarter. Amundi now owns 107,276 shares of the real estate investment trust's stock worth $3,669,000 after acquiring an additional 6,239 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in shares of Stag Industrial by 23.1% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 50,657 shares of the real estate investment trust's stock worth $1,830,000 after purchasing an additional 9,520 shares during the period. Royal Bank of Canada boosted its stake in shares of Stag Industrial by 0.5% in the 1st quarter. Royal Bank of Canada now owns 436,144 shares of the real estate investment trust's stock valued at $15,753,000 after buying an additional 1,959 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of Stag Industrial by 89.3% during the 1st quarter. Baird Financial Group Inc. now owns 14,186 shares of the real estate investment trust's stock worth $512,000 after acquiring an additional 6,691 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Buying and Selling at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director owned 7,562 shares in the company, valued at approximately $279,113.42. The trade was a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

STAG has been the topic of several recent research reports. Evercore ISI upped their price objective on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Stag Industrial has a consensus rating of "Hold" and a consensus price target of $38.17.

Stag Industrial Stock Up 0.5%

Shares of STAG traded up $0.20 during midday trading on Friday, hitting $36.96. The stock had a trading volume of 1,481,339 shares, compared to its average volume of 1,052,982. The firm has a market cap of $6.90 billion, a price-to-earnings ratio of 29.10 and a beta of 0.94. The company has a 50 day simple moving average of $35.78 and a two-hundred day simple moving average of $35.15. 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 twelve month low of $28.61 and a twelve month high of $40.40.

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

Stag Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.1242 per share. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.0%. Stag Industrial's dividend payout ratio (DPR) is 117.32%.

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.