Cascade Financial Partners LLC Has $834,000 Stake in Stag Industrial, Inc. $STAG

Key Points

• Cascade Financial Partners LLC significantly increased its position in Stag Industrial, Inc. by 261.6% in the first quarter, now owning 23,098 shares valued at approximately $834,000.
• Stag Industrial's recent earnings report showed $0.63 earnings per share, aligning with analysts' estimates, and a 9.4% revenue increase year-over-year.
• The company announced a dividend of $0.1242 per share, resulting in a notably high dividend yield of 422.0%, with a payout ratio of 117.32%.

Cascade Financial Partners LLC increased its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 261.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,098 shares of the real estate investment trust's stock after buying an additional 16,711 shares during the quarter. Cascade Financial Partners LLC's holdings in Stag Industrial were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. boosted its holdings in Stag Industrial by 8.9% in the first quarter. Raymond James Financial Inc. now owns 1,853,187 shares of the real estate investment trust's stock valued at $66,937,000 after acquiring an additional 151,192 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Stag Industrial by 14.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,181 shares of the real estate investment trust's stock valued at $368,000 after acquiring an additional 1,299 shares during the last quarter. American Century Companies Inc. boosted its holdings in Stag Industrial by 606.8% in the first quarter. American Century Companies Inc. now owns 445,853 shares of the real estate investment trust's stock valued at $16,104,000 after acquiring an additional 382,771 shares during the last quarter. Aberdeen Group plc boosted its holdings in Stag Industrial by 3.6% in the first quarter. Aberdeen Group plc now owns 58,946 shares of the real estate investment trust's stock valued at $2,129,000 after acquiring an additional 2,074 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. boosted its holdings in Stag Industrial by 11.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 81,030 shares of the real estate investment trust's stock valued at $2,888,000 after acquiring an additional 8,354 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Trading Up 3.4%

Shares of Stag Industrial stock traded up $1.2060 on Friday, reaching $36.7860. 447,464 shares of the company's stock were exchanged, compared to its average volume of 1,480,624. The company has a market capitalization of $6.87 billion, a P/E ratio of 28.98 and a beta of 0.91. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $40.75. The firm's 50-day moving average is $35.70 and its two-hundred day moving average is $35.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31.

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

Stag Industrial Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.1242 per share. This represents a dividend yield of 422.0%. The ex-dividend date of this dividend was Thursday, July 31st. Stag Industrial's dividend payout ratio is presently 117.32%.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 7,115 shares of the company's stock, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

STAG has been the topic of several analyst reports. Robert W. Baird reduced their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Evercore ISI upped their target price on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Finally, Raymond James Financial upped their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two 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.com, Stag Industrial has a consensus rating of "Hold" and an average price target of $38.17.

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.