American Century Companies Inc. Has $16.10 Million Stake in Stag Industrial, Inc. $STAG

Key Points

• American Century Companies Inc. significantly increased its stake in Stag Industrial, Inc. by 606.8%, acquiring 382,771 shares to own a total of 445,853 shares valued at approximately $16.1 million.
• Stag Industrial recently announced a dividend of $0.1242 per share to be paid on September 15th, representing a yield of 429.0%, despite having a payout ratio of 117.32%.
• The company's shares are trading at $36.74 with a market cap of $6.86 billion and an average price target of $38.17 from analysts, indicating a mixed outlook on the stock.

American Century Companies Inc. boosted its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 606.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,853 shares of the real estate investment trust's stock after acquiring an additional 382,771 shares during the period. American Century Companies Inc. owned 0.24% of Stag Industrial worth $16,104,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in shares of Stag Industrial by 55.3% during the first quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock valued at $1,435,000 after buying an additional 14,155 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Stag Industrial by 2.7% during the first quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock valued at $15,497,000 after buying an additional 11,408 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Stag Industrial by 4.7% during the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after buying an additional 571 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Stag Industrial by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock valued at $587,000 after buying an additional 1,295 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Stag Industrial by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust's stock valued at $116,024,000 after buying an additional 87,659 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Price Performance

Stag Industrial stock traded up $0.05 during trading hours on Friday, hitting $36.69. 342,917 shares of the stock were exchanged, compared to its average volume of 1,470,782. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $6.85 billion, a P/E ratio of 28.89 and a beta of 0.91. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $40.62. The business's 50-day moving average is $35.74 and its two-hundred day moving average is $35.09.

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

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.1242 dividend. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a yield of 4.1%. Stag Industrial's dividend payout ratio (DPR) is 117.32%.

Analyst Ratings Changes

A number of brokerages have recently commented on STAG. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial increased their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird dropped their price target on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Evercore ISI increased their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $38.17.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the sale, the director directly owned 7,115 shares in the company, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Stag Industrial 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.