Blair William & Co. IL Lowers Stake in Stag Industrial, Inc. $STAG

Key Points

• Blair William & Co. IL has significantly reduced its stake in Stag Industrial by 83.1%, selling 39,473 shares and retaining only 8,037 shares, valued at approximately $292,000.
• Stag Industrial reported earnings of $0.63 EPS in its latest quarter, meeting analysts' expectations, with revenue increasing 9.4% year-over-year to $207.44 million.
• The company announced a monthly dividend of $0.1242 per share, reflecting a dividend yield of 3.9% and a payout ratio of 117.32%.

Blair William & Co. IL lowered its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 83.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,037 shares of the real estate investment trust's stock after selling 39,473 shares during the period. Blair William & Co. IL's holdings in Stag Industrial were worth $292,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Chung Wu Investment Group LLC acquired a new stake in Stag Industrial during the 2nd quarter worth approximately $29,000. Tsfg LLC acquired a new stake in shares of Stag Industrial in the 1st quarter valued at $32,000. Garde Capital Inc. acquired a new stake in shares of Stag Industrial in the 1st quarter valued at $33,000. Avalon Trust Co purchased a new position in shares of Stag Industrial in the 1st quarter valued at $36,000. Finally, Keystone Global Partners LLC purchased a new position in Stag Industrial during the 1st quarter worth $41,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Stag Industrial Stock Performance

Shares of NYSE STAG opened at $38.27 on Friday. The company has a market cap of $7.14 billion, a PE ratio of 30.13 and a beta of 0.92. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $38.55. 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 company has a 50-day simple moving average of $35.95 and a 200-day simple moving average of $35.20.

Stag Industrial (NYSE:STAG - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $206.37 million. During the same period in the previous year, the firm earned $0.61 earnings per share. Stag Industrial's revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial's payout ratio is presently 117.32%.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 25,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director directly owned 7,562 shares of the company's stock, valued at $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Larry T. Guillemette sold 2,004 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares in the company, valued at $1,361,043.20. This represents 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.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Stag Industrial in a report on Wednesday, October 8th. Cantor Fitzgerald initiated coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $37.00 price objective for the company. Industrial Alliance Securities set a $37.00 price objective on shares of Stag Industrial in a research note on Wednesday, October 1st. Finally, Evercore ISI raised their price objective on shares of Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $38.00.

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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