Stag Industrial, Inc. $STAG Shares Acquired by American Century Companies Inc.

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. raised its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 606.8% in the 1st quarter, according to 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 purchasing an additional 382,771 shares during the quarter. American Century Companies Inc. owned approximately 0.24% of Stag Industrial worth $16,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of STAG. Teacher Retirement System of Texas raised its stake in Stag Industrial by 55.3% in 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 purchasing an additional 14,155 shares in the last quarter. Principal Financial Group Inc. grew its holdings 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 worth $15,497,000 after purchasing an additional 11,408 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Stag Industrial by 4.7% in 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 acquiring an additional 571 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Stag Industrial by 8.7% in 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 period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Stag Industrial by 2.8% in 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 period. Institutional investors and hedge funds own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

STAG has been the subject of several recent research reports. Raymond James Financial upped their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Evercore ISI raised their price target on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Robert W. Baird decreased their price objective on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $38.17.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director directly owned 7,115 shares in the company, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.

Stag Industrial Price Performance

Shares of NYSE STAG traded up $0.13 during mid-day trading on Friday, reaching $36.89. The company's stock had a trading volume of 1,069,479 shares, compared to its average volume of 1,259,448. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $6.89 billion, a PE ratio of 29.05 and a beta of 0.91. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $40.62. The stock has a fifty day moving average of $35.75 and a two-hundred day moving average of $35.10.

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

Stag Industrial Announces Dividend

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