Cbre Investment Management Listed Real Assets LLC Grows Stock Holdings in Stag Industrial, Inc. $STAG

Key Points

• CBRE Investment Management Listed Real Assets LLC raised its stake in Stag Industrial by 10.7% in Q3 to 3,911,540 shares (about 2.09% ownership) worth roughly $138 million, making STAG its 15th-largest holding and ~2.0% of the firm's portfolio.
• Company insiders have been net sellers recently: Director Virgis Colbert sold 18,000 shares and EVP Matts Pinard sold 25,242 shares, with insiders selling 136,974 shares (~$5.35M) in the last 90 days and now owning 1.10% of the stock.
• Stag beat quarterly estimates (EPS $0.66 vs. $0.63; revenue $220.9M vs. $213.7M), declared a quarterly dividend of $0.3875 (annualized $1.55, ~4.0% yield) despite a payout ratio above 100%, and carries a consensus analyst rating of Hold with a $39.50 price target.

Cbre Investment Management Listed Real Assets LLC lifted its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,911,540 shares of the real estate investment trust's stock after acquiring an additional 377,952 shares during the period. Stag Industrial accounts for about 2.0% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its 15th biggest holding. Cbre Investment Management Listed Real Assets LLC owned approximately 2.09% of Stag Industrial worth $138,038,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Stag Industrial in the 3rd quarter worth about $43,000. EverSource Wealth Advisors LLC increased its stake in Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust's stock worth $52,000 after buying an additional 1,048 shares during the period. Covestor Ltd raised its stake in shares of Stag Industrial by 98.5% during the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 878 shares in the last quarter. Huntington National Bank raised its position in Stag Industrial by 16.1% during the 3rd quarter. Huntington National Bank now owns 4,056 shares of the real estate investment trust's stock valued at $143,000 after purchasing an additional 561 shares in the last quarter. Finally, Aew Capital Management L P lifted its stake in Stag Industrial by 19.4% in the third quarter. Aew Capital Management L P now owns 4,300 shares of the real estate investment trust's stock worth $152,000 after acquiring an additional 700 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Stag Industrial

In other news, Director Virgis Colbert sold 18,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the sale, the director directly owned 4,210 shares of the company's stock, valued at approximately $160,316.80. This represents a 81.04% 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 this hyperlink. Also, EVP Matts Pinard sold 25,242 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total transaction of $988,981.56. Following the transaction, the executive vice president directly owned 951 shares in the company, valued at $37,260.18. The trade was a 96.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 136,974 shares of company stock valued at $5,345,904 in the last ninety days. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on STAG. iA Financial set a $39.00 price target on shares of Stag Industrial in a research report on Tuesday, January 13th. Wall Street Zen upgraded Stag Industrial from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Stag Industrial in a report on Monday, December 22nd. Barclays restated an "underweight" rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Finally, Evercore restated an "outperform" rating on shares of Stag Industrial in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stag Industrial has a consensus rating of "Hold" and a consensus price target of $39.50.

Stag Industrial Stock Down 0.2%

Stag Industrial stock opened at $38.29 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $7.32 billion, a PE ratio of 26.23 and a beta of 1.04. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.98. The firm has a 50 day moving average price of $38.13 and a 200 day moving average price of $37.64.

Stag Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.03. The company had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. Research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, March 31st. Stag Industrial's dividend payout ratio is currently 102.05%.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

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